Food for thought
ed in the previous corresponding period.
This counter has some interesting diversif ication plays, including a 46.8% stake in Agri Voedsel, an unlisted investment holding company that owns 30.5% in JSE-listed Pioneer Foods. It also holds 92% of Zaad Holdings, owner of Agricol – which is in the business of vegetables, pasture and agronomic seeds – operating in Africa and the Middle East. Further, Zeder paid R353.3m to increase its stake in Capespan from 37.1% to 71.7%. Capespan, a fruit production and distribution play, sells to more than 60 countries across the globe.
All of this and more is yours for R4.42. FOLLOWING OUR previous cover story titled ‘ Boer’ Billionaires, my curiosity around various other businesses which have sprung out of “Stellenbucks” kicked into high gear. Zeder, the PSG-owned agri-investment holding company, caught my eye. It is run by a team that not only understands business, but also the business of agriculture, food and related sectors.
In its interim results to 31 August 2013, it reported that the value of its underlying portfolio of investments amounted to R4.36bn. This is R1bn more from the R3.6bn it report-