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.