Zeder: Investment value increases

Zeder Investments grew its underlying investments for the year to February despite a challenging economic environment, the agricultural investment firm reported yesterday. It announced that the value of investments increased to R5.26 a share from R4.35 during the year, and to R5.58 a share as at the close of business on Friday. Yesterday the share fell 0.47 percent to close at R4.25. Its underlying investment portfolio grew by R1 billion to R4.9bn (R5.2bn on a see-through basis) in the period under review from R3.9bn previously. Agri Voedsel with its 30.4 percent interest in Pioneer Foods remained a large strategic holding, accounting for 39.8 percent of Zeder’s portfolio. – Dineo Faku