Grindrod gears for growth after Covid-19 hits interim earnings
27 August 2020 - 12:13
Grindrod will shift from cash preservation mode to improving volumes in the second half of its 2020 fiscal after the freight group — one of the biggest in Africa — reported a more than 86% drop in interim earnings as countries imposed travel restrictions.
Grindrod, whose trucks haul everything from food, petrol and animal feed in Southern Africa, is among a host of companies gearing for growth as countries roll back restrictions on economic activity on early signs of containing the Covid-19 pandemic. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.