Grindrod earnings rise 22%

Shares of Grindrod rose more than 2% after the shipping firm posted a 22% rise in full-year earnings, beating market expectations.

• Grindrod, Vitol deal approved
• Grindrod profit takes 40% hit
• Grindrod sells stake in Maputo terminal
• Grindrod warns of earnings plunge
• Grindrod sells 22% stake to raise cash
• Grindrod, Plexus merge units

Truckers throw in towel, mines drop axe

About a third of truck drivers have agreed to return to work, but disputes in the mining sector have escalated after Gold One and Atlatsa fired workers.

• Municipal workers gearing up for strike
• Truck strike ends but Satawu holds out
• Gold One fires striking workers

Grindrod, Vitol deal approved

The SA and European competition authorities have approved a deal by Grindrod to sell a 50% interest in Cockett Marine Oil to energy firm Vitol.

• Grindrod, Plexus merge units
• Grindrod sells stake in Maputo terminal
• Grindrod warns of earnings plunge
• Grindrod sells 22% stake to raise cash
• Grindrod enters talks to raise R2bn
• Grindrod profit takes 40% hit

Grindrod profit takes 40% hit

Freight and shipping logistics company Grindrod has reported a 40% decrease in profit for its financial year ending December 31 2011.

• Grindrod sells stake in Maputo terminal
• Grindrod sells 22% stake to raise cash
• Grindrod warns of earnings plunge
• Grindrod enters talks to raise R2bn
• Lonhro buys Grindrod's food exporter
• Grindrod profit slumps 42%

Grindrod warns of earnings plunge

Grindrod says it expects full-year earnings to be at last 35% lower.

• Grindrod enters talks to raise R2bn
• Grindrod profit slumps 42%
• Lonhro buys Grindrod's food exporter

Grindrod enters talks to raise R2bn

Shipping firm Grindrod says it is considering taking a R2bn capital injection from a potential strategic partner through the issue of new shares for cash.

• Grindrod unit to start UK bunker service
• Grindrod suffers 12% profit drop
• Lonhro buys Grindrod's food exporter
• Grindrod profit slumps 42%
• Grindrod to enter English Channel waters
• Strong rand sinks Grindrod profit

Lonhro buys Grindrod's food exporter

Following the acquisition of Grindrod PCA, Lonhro has become the largest distributor by air of fresh produce from Southern Africa.

• Lonrho takes all of Rollex
• Lonrho acquires SA seafood wholesaler
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• Bidvest mulls Brazil expansion
• Nestle's 2010 profits soar

‘n Vaart deur onstuimige water

Die internasionale seehandel en -vervoer kan vir ’n buitestander vol teenstrydighede wees. Kommoditeitspryse styg al drie jaar of langer en baie bereik nuwe hoogtepunte.

Grindrod suffers 12% profit drop

Africa's biggest shipping company Grindrod has been hit by a stronger rand while increased competition depressed freight rates.

• Grindrod confirms R160m acquisition
• Grindrod weathers economic storm
• Get a high and steady income
• Grindrod profit to slump
• Grindrod unit to start UK bunker service
• Abu Dhabi plan to invest in Africa

Grindrod unit to start UK bunker service

Shipping group Grindrod says its subsidiary Cockett Marine Oil will start a service for shipping operators transiting the English Channel, one of the world's busiest routes.

• Grindrod confirms R160m acquisition
• Strong rand sinks Grindrod profit
• Grindrod weathers economic storm
• Grindrod sees better times ahead
• Grindrod hijacks PSG crew
• Grindrod profit to slump

Get a high and steady income

Preference shares have proved an efficient alternative investment for individuals seeking a relatively high and stable source of income.

• Jargon Buster: Preference shares
• Nedbank lists preference shares
• Bank offers preference shares
• 'No more preference shares'

Strong rand sinks Grindrod profit

Africa's biggest shipping group Grindrod has suffered a 10% fall in half-year profit, as a stronger rand ate into its overseas earnings.

• Grindrod profit to slump
• Grindrod sees better times ahead
• Grindrod weathers economic storm
• Grindrod hijacks PSG crew
• Grindrod confirms R160m acquisition
• Grindrod to enter English Channel waters

'Get real on investment growth'

Top performing shares can disappoint backers, while unloved stock may produce exceptional returns, says an asset manager.

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