BUSINESS DAY TV: If it starts raining, Zeder can expect a better next year
PSG CEO Piet Mouton speaks to Business Day about the investment group’s half-year results and its R1.7bn acquisition war chest, with Leigh Riley from IGSA BUSINESS DAY TV: PSG’s investments in Capitec and Curro have paid off and boosted its half-year profit by 16% and the group says it has a R1.7bn kitty for investments. CEO Piet Mouton joins us on the line for a closer look at the numbers and where that war chest could potentially deployed. Piet … looking at your results you’ve labelled them satisfactory, but on a broad basis it seems that it’s only Zeder that has underperformed, and that hardly surprising. PIET MOUTON: Yes. It’s not surprising that Zeder had a tough six months under way. It has been one of the biggest droughts that SA has ever had and if you’re exposed to the agri sector you’re going to be hurt. Volumes are down and it’s flowed through to the portfolio, but it’s not going to be like that forever so if it does start raining we can look forward to a substantially be...
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