Percentage Holding: 25.9%

Overberg Agri is a regional agri services company based in Caledon in the Western Cape. It is a large provider of grain-, financial-, mechanisation- and irrigation services to farmers. It also has a number of retail stores, an abattoir and a lime mining business.

Overberg Agri has strong, experienced management with the proven ability to unlock value. It has a regional monopoly in grain, good infrastructure and steady recurring income. It is also cash generative.

The shares in Overberg Agri were acquired at an attractive discount to NAV.