Kaap Agri: Green shoots and growth on the horizon
It is a conservative, solid, well-run business, and investors should see a return of green shoots and growth in the next two years
Following the delisting of Afgri, the old OTK co-op, in 2014 the only pure exposure investors could gain to the agricultural sector was various listings on the now defunct over-the-counter (OTC) market. All this changed in 2017 when one of the largest diversified agricultural co-ops, Kaap Agri, moved its OTC listing to the JSE. Backed by PSG-aligned Zeder Investments with a 41% stake, Kaap Agri has diversified out of its traditional Western Cape markets into six provinces and Namibia. Today it has a strong presence in retailing to the agricultural sector and the public.
Operationally Kaap Agri spans retail, building materials, speciality agricultural packaging (predominantly fruit), wheat storage, irrigation and agricultural machinery, and a fast-growing fuel division...
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