Grindrod to Fast Track Fleet Modernisation

[John Ashworth]

Grindrod Takes Decision To Fast Track Fleet Modernisation To Meet Growing Demand

In November last year, Andrew Thomas, Chief Executive Officer ‑ Railco Africa Limited a subsidiary of Grindrod, announced that the company was two-thirds into a R230-million locomotive fleet modernisation programme. Aiming to complete the balance of the fleet over a period of 18-24 months at their facility in Pretoria. However, with majority of their available fleet already leased out, the company took the decision to fast track their fleet modernisation programme to meet the growing demand for its rolling stock in Africa...