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Grindrod's acquisition bolsters presence amid tough conditions
The Star
|April 07, 2025
THE announcement of Grindrod's acquisition of the remaining 35% stake in Terminal de Carvão da Matola (TCM) at Maputo port stands as a significant strategic milestone for the company, outlined in the integrated report released on Friday.
The acquisition solidifies Grindrod's established presence at the port and aligns with the group's larger strategy to enhance logistics services along the Maputo corridor and beyond.
Despite facing challenging trading conditions throughout 2024, including logistics constraints and cost pressures in Mozambique, Carolus remains optimistic about Grindrod's future, highlighting achievements in critical areas directly related to their operational strategy.
This story is from the April 07, 2025 edition of The Star.
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