Textainer Group, which leases shipping containers swung, into a loss in its first quarter to end-March, as global trade was hit by the Covid-19 outbreak.

The group reported a net loss of $4.4m (R81.2m) from profit of $28.78m previously, with the group reporting declining rental income and losses related to its long-term hedging against interest-rate volatility, as global central banks cut interest rates in response to the pandemic...

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