Durban-based freight and logistics group Grindrod, which also  owns a bank, has flagged a rebound in headline profit for its half-year to end-June, boosted by a return of cargo flows including robust citrus and mineral exports.

The group also noted progress in selling unwanted assets, helping to breathe some life into shares that have struggled for direction since the beginning of 2020, and have been trading at a hefty discount to net asset value (NAV)...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now