It’s not a threat to any South African ports. Our ports are already quite busy.

The shipping markets are low and margins are narrow. That means we have to be cautious. The prices of ships are now high while charter rates are low.

I am satisfied with the progress of most land-based operations. Some were obviously expected to take a long time to produce profits.

The strategy is still the same. We are going to buy up where the business is doing well.