Zeda shares jump 14.5% on trading update
The rally is off a low base given that Zeda listed at about R18 in December
Zeda, which owns Avis and Budget car rental businesses, expects its profit to have risen as much as 20% in the year ended September compared with the same period a year ago.
The trading update sent its share up 14.5% to R12.40, the biggest one-day gain since Zeda listed on the JSE nearly a year ago after it was hived off of industrial conglomerate Barloworld...
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