Zeder holds on to dividend as it considers options amid Covid-19 uncertainty
Group’s disposals in 2020 have shifted its status to that of an investment entity, and it is still considering a strategy change
Agribusiness group Zeder has opted to hold on to its interim dividend due to Covid-19 uncertainty, though it says climactic conditions are looking favourable for SA’s agricultural sector.
The Western Cape saw good winter rainfall, the group said, while above normal summer rains are also expected. In spite of this, the group has opted to hold on to its cash due to economic uncertainty, while it also had paid out a R3.9bn special dividend in April.