Zeder has rewarded its shareholders with a special dividend of 230 cents thanks to the R6.4 billion it received from disposing of its investment in Pioneer Foods to PepsiCo. The agribusiness also used the money to pay down debt but has warned its unclear how COVID-19 will affect the business. Zeder CEO, Norman Celliers spoke to CNBC Africa for more.
Joining CNBC Africa for SA market watch is Norman Celliers, Chief Executive Officer of Zeder, a company with a major stake in Pioneer Foods.
Will remain non-executive chairman.