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.  ..

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