South African’s Grindrod group is signalling its commitment to the shipping industry by telling investors of the ZAR 2bn ($330m) it is ploughing into expanding its fleet.
Details of the investment programme were given to the Johannesburg stock exchange today but the individual deals have mostly been reported in TradeWinds previously.
The overview however gives an idea of the scope of Grindrod’s shipping ambitions that piecemeal reports of deals may not convey.
