Santova looks to leverage surging freight rates
Durban-based firm is scrambling to secure vessel space for clients amid a global rise in freight rates
18 June 2024 - 05:00
International supply chain solutions specialist Santova is scrambling to secure vessel space for clients amid a global rise in freight rates, which it is banking on to change its fortunes after its “four lost years”.
CEO Glen Gerber said the year ended February “was not plain sailing”, as abnormally low freight rates, which were “even lower than during the pandemic”, had negatively affected the JSE-listed group...
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.