Ports and logistics group Grindrod is set to invest big in its Matola drybulk terminal in Mozambique. Announcing Grindrod’s financial results for the year ended December 31 on Thursday, CEO Xolani Mbambo said the JSE-listed logistics group would spend the bulk of its R2.5-billion capital expenditure (capex) budget from 2024 to 2026 on increasing capacity at the Matola terminal.