Poor roads, bad weather and weak used-car market dent Zeda’s profit

Poor road conditions, hailstorms, a shortage of car parts and a deteriorating used-car market converged to dent Zeda’s operating profit for the six months ended March 31. The integrated mobility solutions provider, active in the leasing, car rental and fleet management sectors, at the end of May reported a 19% jump in revenue, to R5.3-billion.