Zeder Investments Limited
JJSE:ZED104.00
ZAC
-2.00
(-1.89%)
Zeder Investments Limited
JSE:ZED
(Johannesburg Stock Exchange)
Recent
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104.00
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ROIC.AI
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- Zeder Investments Ltd. (ZED.JO) is a South Africa-based investment holding company listed on the Johannesburg Stock Exchange that invests in the broad agribusiness and related industries with a focus on agricultural seeds, chemicals, farming, processing, distribution, and food production across the supply chain; it holds strategic controlling stakes in companies spanning proprietary hybrid seed genetics, crop protection chemicals, and specialized agri-inputs primarily in South Africa, emerging markets, the Middle East, Eastern Europe, and neighboring African countries. Founded in 2006 as the private equity arm of PSG Group Ltd. and headquartered in Stellenbosch, South Africa, Zeder identifies, acquires, and manages a portfolio of agricultural, food, and beverage businesses, emphasizing sustainable growth sectors, proven management, high barriers to entry via unique brands, scalable models, and co-investments with management; its core investments as of February 2025 include a 97.2% stake in Zaad Holdings, which develops, imports, produces, and distributes seeds and agrochemicals through subsidiaries like Agricol (sunflower, soybean, maize, wheat, canola seeds), FarmAg (crop protection chemicals), May Seeds (Turkey), Bakker Brothers (vegetable seed IP in the Netherlands), and EA Seeds (Eastern/Central Africa), alongside an 87.1% interest in Pome Investments following the disposal of most Capespan Agri assets. Recent major changes include the November-December 2024 disposal by Capespan Agri of three pome farming units (Theewaterskloof, Applethwaite) and the Novo packhouse for R713m total consideration (R621m attributable to Zeder), triggering special dividends of R484m to Zeder Financial Services and R939m (61.0 cents per share) to Zeder shareholders; receipt of a final R30m earn-out from the 2022 Logistics Group sale; and a March 2025 agreement to sell Zaad's operations in Zimbabwe, Mozambique, and Zambia to ETG Inputs for R135m (subject to conditions, effective around July 2025), as part of an ongoing strategic portfolio review to realize value and optimize capital allocation amid market challenges like volatile weather and global dynamics. Zeder's sum-of-the-parts portfolio value stood at R2.73bn (R1.77 per share) as at 28 February 2025, down from R3.82bn prior year mainly due to dividends and fair value adjustments, while having returned over R8.5bn to shareholders via special dividends and the prior KAL Group unbundling since 2020.