CAPE TOWN - A scam involving oil trading at the Dubai operations of freight and financial services group Grindrod caused the group to write off a significant impairment in the six months to June 30, chief executive Andrew Waller said. Interviewed after the release of the group’s half-year results o»»»

The Mena recorded muted contract awards activity for the second month in a row in June, with $5.8bn of deals let compared with $4.3bn in May. The low level of contract awards over the past two months has led to the lowest-performing quarter for contract awards in the six years since 2014. An estima»»»