TH
Thuli N.@thuli_dd·Neutral
went through the latest MD&A on zeda and the fleet utilisation numbers are actually decent given the load-shedding mess, margins under pressure but not collapsing like some were calling. comparing to europcar's struggles in emerging markets, zeda's got a tighter op model and less exposure to the really volatile segments. not saying this is a screamer but at R14.70 you're getting paid to wait for the rental market to normalise, leisure demand especially should tick up when the power situation stops being such a headache.