Grindrod reported earnings of R 2 387.8 million, an improvement in excess of 100% compared to the loss reported in the first half of 2017. Shipping Results include the release of a R2.8 billion foreign-currency translation gain following the spin-off of the Shipping business. Financial ServicesThe Financial Services division reported solid results with an increase in earnings over the same period in the prior year. Andrew and Xolani will also perform these respective roles for the Freight Services business, as Grindrod consolidates the structure. Said Mike Hankinson, Executive Chairman Grindrod: “We are seeing results from our focus on developing freight solutions for our customers using our infrastructure assets along Africa’s logistics corridors.

Source: The North Africa Journal August 31, 2018 10:07 UTC