#Grindrod hashtag - Bluesky

@namibiannews.bsky.social

7 months ago

Grindrod’s bulk cargo handling drops at Walvis Bay Chamwe Kaira Logistics company Grindrod Limited handled 16 604 tonnes of bulk cargo at Walvis Bay in the first half of 2025, down from 134 443 tonnes in the same period last year. The company operates a bulk and break-bulk terminal facility at the port. In the second half of 2024, Grindrod handled 109 890 tonnes at Walvis Bay, bringing the total for that year to 244 333 tonnes. In 2023, the company moved 305 336 tonnes at the same terminal. Chief executive officer Xolani Mbambo said in the 2025 interim results that performance rebounded strongly in the second quarter, particularly in the ports and terminals segment, after a slow start to the year. “Strategy execution remained on track with key transactions successfully closed on investments in our core business and non-core exit. Due to the group’s strong position, Grindrod is distributing total cash of N\$386 million by way of a dividend to its shareholders,” Mbambo said. He noted that mining commodity markets weakened compared to the first half of 2024, with sluggish prices for iron ore, lithium, graphite, and coal. The continuing slowdown on global growth, trade tensions due to the US position on tariffs,and policy uncertainty added downward pressure on the mining commodities,” he said. At the port of Maputo, the dry-bulk terminal achieved export volumes of 6.5 million tonnes for the period. Terminals overall handled 7.9 million tonnes. The monthly volume run-rate across all dry bulk terminals was 2.5 million tonnes in the second quarter, up 13% from the first quarter, reflecting recovery at the Matola terminal. Mbambo said Grindrod recorded a strong start to the second half of 2025 in the ports and terminals segment despite difficult trading conditions. The Maputo Port Development Company reached a record 1.5 million tonnes in July, while the Matola terminal maintained close to 1 million tonnes after completing a maintenance shutdown in June. Grindrod Terminals’ headline earnings were 43% higher year-to-date compared to the same period in 2024. Mbambo added that the container business is showing signs of a turnaround, but logistics, particularly rail, remains weak due to low utilisation as the locomotive overhaul programme continues.

#Grindrod #Logistics #BulkCargo #WalvisBay #SupplyChain

0 0 0 0

Afriforesight

@afriforesight.bsky.social

7 months ago

Private operators could boost South African rail volumes - Afriforesight Transnet, South Africa’s parastatal rail operator, has taken a major step in a years-long process to turn around its dismal financial and operational

Read full article here:
afriforesight.com/private-oper...

#SouthAfrica #RailTransport #Transnet #Infrastructure #PrivateInvestment #Logistics #SupplyChain #EconomicGrowth #PublicPrivatePartnership #RailVolumes #Grindrod #TransportSector #AfricanEconomy

0 0 0 0

Railways Africa Magazine

@railwaysafrica.bsky.social

1 year ago

Grindrod Puts Rail at the Centre of Its Growth Strategy Amid South Africa’s Rail Reforms In this episode of Coffee with the Editor, Phillippa Dean speaks with Xolani Mbambo, CEO of Grindrod Limited, about the company’s renewed focus on rail following the release of Grindrod’s annual financial results in early March 2025. Rail featured prominently in Grindrod’s growth strategy, driven by ongoing rail reform in South Africa, as the company positions itself to take up the opportunities offered by Transnet’s open access. Xolani highlights Grindrod’s application for rail slots in key corridors and confirms longer-term plans to invest R1.2 billion in new rolling stock, including locomotives and wagons, to expand its rail operations. He explains that rail presents a cost-effective and scalable alternative to trucking, allowing Grindrod to better serve its customers and drive growth in critical freight corridors. Grindrod’s strategy includes focusing on the transportation of coal, chrome, manganese, and magnetite. The long-term goal for the industry as a whole is to achieve seamless...

Grindrod CEO Xolani Mbambo discusses the company’s renewed focus on rail after its annual financial results in March 2025. youtu.be/M1En9r9Pprk

#Grindrod #Rail #Railway #RailReform #Transnet #SADC #Mining #Transport #Freight #Logistics #Coal #Chrome #Manganese #Magnetite

0 0 0 1

Android

@android.activitypub.awakari.com.ap.brid.gy

1 year ago

Original post on ghostmail.co.za

0 0 0 0

The Port Hub

@theporthub.bsky.social

1 year ago

#MOZAMBIQUE // #Terminal operator #Grindrod has halted operations in the ports of #Maputo and #Matola following the closure of the border crossing with #SouthAfrica, due to #security concerns linked to the post-elections unrest in Mozambique

0 0 0 0