Zeder posts solid earnings as businesses soar


For the six months ended 31 August 2014, [DATA ZED:Zeder Investments Limited] SOTP (sum-of-the-parts) value per share increased by 32 per cent to 6.93 rand while recurring headline earnings per share (HEPS) increased by 78 per cent to 16.4 cents, due to improved contributions from Agri Voedsel, Capespan, Zaad and Kaap Agri.

HEPS rose significantly by 116 per cent to 16 cents while attributable earnings per share increased by 42 per cent to 15 cents.

Food and beverage company Pioneer Foods posted a 58 per cent increase in HEPS while trade and services group Kaap Agri reported a 19 per cent increase in HEPs, for the six months ended 31 March 2014.


(READ MORE: Pioneer Foods to see HEPS growth amidst Quantum unbundling)

Capespan, Zeder’s fruit and logistics group delivered a staggering 234 per cent increase in recurring HEPS.

Zaad, the holding company of seed businesses Agricol and Klein Karoo Seed Marketing (KKSM), posted a 14 per cent increase in recurring HEPS.

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Zeder’s grain related agribusiness, Chayton Africa, remains in its development phase. The group are optimistic however that the business will perform well once the demand for primary food in sub-Saharan Africa appears strong and sustainable.

“Zeder remains actively engaged with its existing investments, while also continuously seeking new opportunities outside of its current portfolio. We continue to believe that the agribusiness sector offers rewarding investment opportunities, both locally and abroad,” said the company in a statement.