Ports and logistics group Grindrod is targeting five growth projects that will either grow the capacity on the existing logistics corridors the company operates, or deepen the integration of these corridors, says Grindrod CEO Kwazi Mabaso.
Speaking during the JSE-listed company’s interim financial results announcement for the six months ended June 30 on Tuesday, Mabaso described the Matola terminal expansion at the Port of Maputo complex as the most advanced of the five growth projects.
He said the project to lift capacity at the terminal to 12-million tons a year was within the allocated $40-million budget and on track for completion by the first quarter of next year.
The second project was participation in South Africa’s open access rail programme – a major reform initiative that will allow third-party private train operating companies to run freight services on the national railway network previously controlled solely by State-owned rail operator Transnet.
“Rail open access is a very important growth lever for Grindrod from 2027,” said Mabaso.
