Zeder may return R4.75bn after disposal of Pioneer Foods
Agribusiness-focused Zeder, which expects subdued value growth in the rest of its financial year, said the money may go back to shareholders
08 October 2019 - 14:04
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...
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