Cautious Zeder sits on R1bn cash pile
CEO Johann le Roux said it was difficult to deploy capital in a new company given the effects of the Covid-19 pandemic
11 October 2020 - 00:01
Zeder, an investor in agribusiness and related industries, is keeping the bulk of the R1bn in cash from the sale of two companies in the kitty for now. Acting CEO Johann le Roux said the business is being conservative with its cash. “The board is being cautious,” he said, and only looking at new opportunities for its existing portfolio...
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