SOUTH African logistics firm Grindrod has acquired a 50% stake in Sheltam Locomotive & Railway Services, it announced on May 12. Port Elizabeth-based Sheltam owns a fleet of locos and an air charter business.

Grindrod’s Landfreight Director Laurence Stuart-Hill said ’the acquisition of a 50% stake in Sheltam not only provided Grindrod with a good investment opportunity but also a sound platform to progress any rail privatisation and concessioning opportunities in southern Africa.’