30 June 30 June   31 December
  (Unaudited) (Unaudited)   (Audited)
  2010 2009 Change 2009
  R000 R000 % R000
Revenue 14 883 863 12 420 348 20 27 692 041
Trading profit 685 582 801 412 (14) 1 434 922
Depreciation and amortisation (157 946) (147 742)   (292 400)
Operating profit before interest and taxation 527 636 653 670 (19) 1 142 522
Non-trading items 738 5 965   13 881
Interest received 93 032 77 179   161 328
Interest paid (86 944) (150 119)   (252 695)
Profit before share of associatesí profit 534 462 586 695   1 065 036
Share of associates’ profit before taxation 36 699 35 032   76 465
Profit before taxation 571 161 621 727 (8) 1 141 501
Taxation (97 081) (91 230)   (188 075)
Profit for the period 474 080 530 497   953 426
Profit attributable to        
  Ordinary shareholders 435 493 483 780 (10) 872 763
  Preference shareholders 30 017 39 426   69 023
  Grindrod Limited shareholders 465 510 523 206   941 786
  Minority interest 8 570 7 291   11 640
  474 080 530 497   953 426
Exchange rates (R/US$)        
Opening exchange rate 7,37 9,45   9,45
Closing exchange rate 7,65 7,77   7,37
Average exchange rate 7,54 9,24   8,46
RECONCILIATION OF HEADLINE EARNINGS        
Profit attributable to ordinary shareholders 435 493 483 780   872 763
Adjusted for: (2 145) (5 965)   (15 445)
  IAS 38 impairment of goodwill 10 044   990
  IAS 38 reversal of impairment of intangible assets in respect of charters (746)   (46 886)
  IFRS 3 negative goodwill released (473)   (156)
  IFRS 3 net profit on disposal of investments (9 936) (3 328)   (2 081)
  IAS 16 impairment of ships, plant and equipment 760 894   36 731
  IAS 16 net profit on disposal of plant and equipment (680) (2 726)   (1 674)
  IAS 21 FCTR adjustment on disposal of business 292 (805)   (805)
  Total taxation effects of adjustments (1 406)   (1 564)
         
Headline earnings 433 348 477 815   857 318
ORDINARY SHARE PERFORMANCE        
Number of shares in issue less treasury shares (000ís) 454 503 452 384   454 203
Weighted average number of shares on which earnings per share are based (000ís) 454 469 451 944   452 278
Diluted weighted average number of shares on which diluted earnings per share are based (000ís) 456 450 455 243   454 436
Earnings per share (cents)        
  Basic   95,8 107,0 (10) 193,0
  Diluted   95,4 106,3 (10) 192,1
Headline earnings per share (cents)        
  Basic   95,4 105,7 (10) 189,6
  Diluted    94,9 105,0 (10) 188,7
Dividends per share (cents)        
  Interim   27,0 30,0 (10) 30,0
  Final         30,0
Dividend cover (times) 3,5 3,6   3,2