BUSINESS DAY TV: There is excitement in Zambia with Agrivision’s first profit
Norman Celliers, CEO of Zeder, takes Business Day TV through results for the year to end-February BUSINESS DAY TV: Flat recurring headline earnings growth for the year ended February, thanks to a 45% profit at Capespan and muted trading at Pioneer, belie some big improvements in Zeder’s underlying portfolio of smaller assets. Joining us now to discuss the year’s results is CEO Norman Celliers. Norman … just on that Capespan performance because it was one of the big drags along with Quantum Foods, and an increase in shares in issue over the period, do you expect that to turn around given that the drought, especially in the eastern parts of the country seems to have broken? NORMAN CELLIERS: Yes, you’re right. We are disappointed with the Capespan results but we do believe that there’s a great degree of nonrecurring elements there. We had a huge impact on the heat that was associated with last year’s winter and the actual volume decline on the fruit vines and trees. So Capespan lost 20...
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