Agribusiness-focused investment holding group Zeder has inked a R1.6bn deal to sell its majority stake in transport-services business The Logistics Group (TLG), news that sent its share price to its highest level since it unbundled its Pioneer Foods stake in early 2020. 

Zeder, part of the PSG Group stable founded by Jannie Mouton, has been reviewing its portfolio, with its shares under cautionary since April amid “several approaches” from buyers interested in parts of its business. This has led analysts to question the future of the group’s JSE listing...

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