S A F E T Y F IR S T
Safety Our priority
GRINDROD LIMITED
Unaudited interim results for the six months ended 30 June 2023
SHERQ
2023 Interim | June 2022 | Target |
Fatality
nil nil nil
LTI
7 9 nil
LTIFR
0.36 0.40<=0.5
Container depot I CAPE TOWN
GRINDROD LIMITED | |
Unaudited interim results for the six months ended 30 June 2023 | Stevedoring I RICHARDS BAY |
XOLANI MBAMBO
O V E R V IE W A N D H IG H L IG H T S
Macro context I Dynamic operating environment
GLOBAL
- Geopolitical uncertainties persist
- Milder winter in Europe softening energy demand
- China´s economic growth slower than forecast
- India's economy remains on course for growth
MOZAMBIQUE AND SOUTH AFRICA
- Mozambican economy grew 4.7%
- Inflation in Mozambique dropped to near two-year low of 5.7% in July
- South Africa's economy continues to face headwinds
GRINDROD LIMITED
Unaudited interim results for the six months ended 30 June 2023
SADC
- Economic growth of 3.2%
- Inflation in the region reported at 8.6% (ex-Zimbabwe)
- Cost of capital remains under pressure due to cost of borrowing and exchange rate
EAST AFRICA
- Economic growth of 4.5%
- Inflation in the region reported at 15.6%
- Mid-termgrowth for East Africa region projected highest on the continent for 2023 / 2024
Economic data sourced from IMF April 2023
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Disclaimer
Grindrod Limited published this content on 25 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 August 2023 06:55:04 UTC.