ANTHONY CLARK: Zeder: time to sell the farm?
Even after PepsiCo’s offer, the SOTP discount remains wide — the market is not interested
The doyen of the listed agricultural investment space on the JSE has been Zeder Investments. PSG Group owns 44% of it.
Listed in 2006, Zeder is widely regarded as the catalyst that prompted much of the shake-up and value unlock among SA’s many old agricultural co-operative structures. These had been largely overlooked by investors — mainly because of perceptions that the agricultural sector was an investment backwater and because the shares in even the biggest co-ops were not easily available...