Agribusiness-focused Zeder Investments said on Tuesday that it may return as much as  R4.75bn to shareholders, which amounts to more than half its market capitalisation, after its planned disposal of Pioneer Foods.

Trading conditions in the food and agricultural sector remain tough, however, with the company expecting subdued value growth in the rest of its financial year...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now