ANALYSIS: Zeder still a tough row to hoe before profits can grow
Market ratings suggest Zeder Investments is not yet ready to deliver a bountiful harvest. At face value Zeder — with significant stakes in Pioneer Foods — recently listed retailer Kaap Agri, fruit exporter and logistics group Capespan, seed specialist Zaad, Zambian-based commercial farming venture Agrivision, as well as poultry and egg business Quantum — has access to fertile furrows. But market consensus suggests the ploughing will be laborious before there’s a reward. There’s no doubt Zeder faces difficulties. The drought in the Western Cape could affect a variety of investments, weak consumer demand is curtailing spending by farmers and then there’s the lingering political emotions around the farming sector that hardly reinforces confidence for stability in the broader agricultural sector.
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