Agribusiness-focused investment holding group Zeder says its expecting a tougher year as load shedding and surging input costs squeeze the margin of farmers, with confidence in the sector now back at levels last seen during the first hard Covid-19 lockdowns in 2020.
Favourable agricultural conditions helped lift the company's recurring headline earnings, a measure of sustainable profits, about 7% to R314 million in its year to end-February, but SA farmers are now facing the prospect of a return of El Niño, which brings hotter and drier conditions.Read this for free
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