As the Russia-Ukraine conflict persists, investment holding company Zeder took a 'prudent' decision to hold on to some cash if its subsidiaries require 'ammunition'. | LameezOmarjee Fin24
As the Russia-Ukraine conflict persists, investment holding company Zeder took a"prudent" decision to hold on to some cash if its subsidiaries require"ammunition".
The group on Wednesday released its financial results for the year ended 28 February 2022. It declared a special dividend of 92.5 cents per share. Over the past three years, Zeder has returned as much as R7.3 billion to shareholders through the special dividends and the unbundling of companies Kaap Agri and The Logistics Group .
During a question-and-answer session, CEO Johann le Roux was asked why the group opted to keep some R400 million in the bank instead of distributing it as a dividend. According to Le Roux, this was a"prudent" decision given that the world is still facing the Covid-19 pandemic, and now the Russia and Ukraine conflict is another element of uncertainty.Subscribe to News24 for just R75 per month to read all our investigative and in-depth journalism. You can cancel any time.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Russia was committing atrocities in Ukraine even before the warHuman rights declined in 2021, with Russia joining Saudi Arabia, Mexico, China and Afghanistan as the worst offenders
Weiterlesen »
Russia was committing atrocities in Ukraine even before the warHuman rights declined in 2021, with Russia joining Saudi Arabia, Mexico, China and Afghanistan as the worst offenders
Weiterlesen »
Business Maverick: From Russia with a middle finger: Stagflation stalks Africa as Ukraine conflict fans inflationIn its latest Africa’s Pulse report, the World Bank warns that the spectre of stagflation is stalking Africa as inflation surges and central banks react with rate hikes. Russia’s imperialist invasion of Ukraine is fanning the flames of food and fuel inflation and the poorest of the poor on the world’s poorest continent will suffer the most. From Russia with a big middle finger stuck in the air.
Weiterlesen »
Supply-chain troubles and pandemic take their toll on ZederThe agribusiness-focused investment holding group reported a drop in profits
Weiterlesen »
Zeder warns of leap in food inflationGroup says that, despite favourably soft commodity prices, cost pressures remain in energy and fertilisers
Weiterlesen »
Africa’s mixed stance on UN action on Russia explainedSeveral nations on the continent note that a superpower invading a weaker nation on a false pretext echoes of the US-led invasion of Iraq in 2003
Weiterlesen »