Recent Insider Transactions • Jul 09
Insider recently sold R119k worth of stock On the 6th of July, Gerrit Fourie sold around 15k shares on-market at roughly R7.95 per share. This transaction amounted to 4.5% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth R1.5m. Insiders have been net sellers, collectively disposing of R15m more than they bought in the last 12 months. Recent Insider Transactions • Jun 05
Executive Director recently sold R1.5m worth of stock On the 1st of June, Anthony van Zyl sold around 2k shares on-market at roughly R762 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of R20m more than they bought in the last 12 months. New Risk • Jun 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South African stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Profit margins are more than 30% lower than last year (11% net profit margin). Market cap is less than US$100m (R1.04b market cap, or US$63.5m). New Risk • May 28
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 11% Last year net profit margin: 23% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (11% net profit margin). Market cap is less than US$100m (R1.00b market cap, or US$61.2m). Reported Earnings • May 28
Full year 2026 earnings released: EPS: R1.07 (vs R1.15 in FY 2025) Full year 2026 results: EPS: R1.07 (down from R1.15 in FY 2025). Revenue: R1.20b (up 85% from FY 2025). Net income: R137.5m (down 7.2% from FY 2025). Profit margin: 12% (down from 23% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Tillkännagivande • May 27
Santova Limited, Annual General Meeting, Jul 28, 2026 Santova Limited, Annual General Meeting, Jul 28, 2026. Location: the boardroom, level 3 west, umhlanga arch, 1 ncondo place, umhlanga ridge, 4319, South Africa New Risk • May 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended August 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported August 2025 fiscal period end). Market cap is less than US$100m (R995.6m market cap, or US$59.7m). Tillkännagivande • May 02
Santova Limited to Report Fiscal Year 2026 Results on May 26, 2026 Santova Limited announced that they will report fiscal year 2026 results on May 26, 2026 Board Change • Apr 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Tammy Woodroffe was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 30
First half 2026 earnings released: EPS: R0.37 (vs R0.48 in 1H 2025) First half 2026 results: EPS: R0.37 (down from R0.48 in 1H 2025). Revenue: R491.4m (up 53% from 1H 2025). Net income: R47.8m (down 24% from 1H 2025). Profit margin: 9.7% (down from 19% in 1H 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to R7.15, the stock trades at a trailing P/E ratio of 6.2x. Average trailing P/E is 8x in the Logistics industry in Africa. Total loss to shareholders of 2.7% over the past three years. Tillkännagivande • Oct 14
Santova Limited to Report First Half, 2026 Results on Oct 29, 2025 Santova Limited announced that they will report first half, 2026 results on Oct 29, 2025 Recent Insider Transactions • Aug 01
Executive Director recently sold R8.4m worth of stock On the 28th of July, Anthony van Zyl sold around 915k shares on-market at roughly R9.15 per share. This transaction amounted to 5.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of R11m more than they bought in the last 12 months. Recent Insider Transactions • Jun 04
Insider recently bought R396k worth of stock On the 30th of May, Vincent Boelens bought around 50k shares on-market at roughly R7.93 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought R887k more in shares than they have sold in the last 12 months. Reported Earnings • May 28
Full year 2025 earnings released: EPS: R1.15 (vs R1.12 in FY 2024) Full year 2025 results: EPS: R1.15 (up from R1.12 in FY 2024). Revenue: R648.9m (down 1.3% from FY 2024). Net income: R148.1m (flat on FY 2024). Profit margin: 23% (in line with FY 2024). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Tillkännagivande • May 27
Santova Limited, Annual General Meeting, Jul 28, 2025 Santova Limited, Annual General Meeting, Jul 28, 2025. Location: boardroom, level 3 west, umhlanga arch, 1 ncondo place, umhlanga ridge, 4319, South Africa New Risk • May 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended August 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported August 2024 fiscal period end). Market cap is less than US$100m (R908.8m market cap, or US$50.4m). Tillkännagivande • May 12
Santova Limited to Report Fiscal Year 2025 Results on May 30, 2025 Santova Limited announced that they will report fiscal year 2025 results at 4:50 PM, South Africa Standard Time on May 30, 2025 New Risk • Jan 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South African stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Market cap is less than US$100m (R921.6m market cap, or US$49.3m). Recent Insider Transactions • May 24
Executive Director recently sold R3.0m worth of stock On the 20th of May, Anthony van Zyl sold around 400k shares on-market at roughly R7.50 per share. This transaction amounted to 2.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of R7.6m more than they bought in the last 12 months. New Risk • May 12
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended August 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported August 2023 fiscal period end). Market cap is less than US$100m (R968.0m market cap, or US$52.5m). Recent Insider Transactions Derivative • Jan 17
Group Legal Advisor exercised options and sold R580k worth of stock On the 15th of January, Andrew K. Lewis exercised 197.46k options at around R4.15, then sold 155k of the shares acquired at an average of R7.90 per share and kept the remainder. Since March 2023, Andrew K.'s direct individual holding has decreased from 142.00k shares to 110.40k. Company insiders have collectively sold R11m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Oct 29
Executive Director recently sold R2.8m worth of stock On the 24th of October, Anthony van Zyl sold around 372k shares on-market at roughly R7.60 per share. This transaction amounted to 2.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of R9.4m more than they bought in the last 12 months. Reported Earnings • Oct 27
First half 2024 earnings released: EPS: R0.60 (vs R0.78 in 1H 2023) First half 2024 results: EPS: R0.60 (down from R0.78 in 1H 2023). Revenue: R339.5m (up 3.0% from 1H 2023). Net income: R79.6m (down 26% from 1H 2023). Profit margin: 23% (down from 33% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Global Logistics industry. Over the last 3 years on average, earnings per share has increased by 41% per year whereas the company’s share price has increased by 42% per year. Recent Insider Transactions • Aug 21
Executive Director recently sold R426k worth of stock On the 17th of August, Anthony van Zyl sold around 50k shares on-market at roughly R8.52 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth R1.3m. Insiders have been net sellers, collectively disposing of R6.6m more than they bought in the last 12 months. Tillkännagivande • Jul 25
Santova Limited Announces Change in Chairmanship and Changes in Board Committees The Board of Directors of Santova Limited announced that Mr. Edward Garner has stepped down as Chairman of the Board while remaining a director and Mark Stewart has accepted appointment as Chairman of the Board in his stead. This change has necessitated the following changes to the constitution of Board Committees - Mark Stewart is required to step down as Chairman of the Audit and Risk Committee and of the Remuneration Committee but will become Chairman of the Nominations Committee. Ted Garner will take on chairmanship of the Remuneration Committee and Tammy Woodroffe will take on chairmanship of the Audit and Risk Committee. New Risk • Jul 12
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.1% per year for the foreseeable future. Minor Risks Significant insider selling over the past 3 months (R5.9m sold). Market cap is less than US$100m (R1.30b market cap, or US$70.7m). Recent Insider Transactions • Jun 19
Insider recently sold R1.3m worth of stock On the 13th of June, Henry Gerber sold around 133k shares on-market at roughly R9.78 per share. This transaction amounted to 2.6% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth R4.3m. Insiders have been net sellers, collectively disposing of R6.0m more than they bought in the last 12 months. Recent Insider Transactions • Jun 11
Insider recently bought R479k worth of stock On the 7th of June, Vincent Boelens bought around 50k shares on-market at roughly R9.57 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth R578k. Despite this recent purchase, insiders have collectively sold R5.0m more in shares than they bought in the last 12 months. Recent Insider Transactions • Jun 01
Executive Director recently bought R58m worth of stock On the 26th of May, Anthony van Zyl bought around 61k shares on-market at roughly R953 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought R96m more in shares than they have sold in the last 12 months. Tillkännagivande • May 27
Santova Limited, Annual General Meeting, Jul 24, 2023 Santova Limited, Annual General Meeting, Jul 24, 2023, at 12:00 South Africa Standard Time. Location: Boardroom, Level 3 West, Umhlanga Arch, 1 Ncondo Place, 4319 Umhlanga Ridge KwaZulu-Natal South Africa Recent Insider Transactions • May 22
Executive Director recently sold R4.3m worth of stock On the 18th of May, Anthony van Zyl sold around 450k shares on-market at roughly R9.50 per share. This transaction amounted to 2.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of R8.7m more than they bought in the last 12 months. Reported Earnings • May 18
Full year 2023 earnings released: EPS: R1.55 (vs R1.23 in FY 2022) Full year 2023 results: EPS: R1.55 (up from R1.23 in FY 2022). Revenue: R689.8m (up 9.0% from FY 2022). Net income: R210.6m (up 24% from FY 2022). Profit margin: 31% (up from 27% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has increased by 85% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Feb 16
Santova Limited Announces Appointment of James Robertson as Group Financial Director Santova Limited announced that James Robertson has been appointed as Group Financial Director with effect from 14 February 2023. James is a qualified Chartered Accountant and has for the past 2 years been the Group Financial Manager of Santova. Prior to that James was Group Financial Manager of a multinational private equity backed Group providing food logistics and facilities services to various industries, across 15 countries internationally, for a period of 3 years. Recent Insider Transactions Derivative • Feb 05
Executive Director exercised options and sold R702k worth of stock On the 2nd of February, Anthony van Zyl exercised 169k options at a strike price of around R4.12 and sold these shares for an average price of R8.28 per share. This trade did not impact their existing holding. Since March 2022, Anthony has owned 17.31m shares directly. Company insiders have collectively sold R3.6m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Dec 02
Insider recently sold R373k worth of stock On the 29th of November, Vincent Boelens sold around 50k shares on-market at roughly R7.46 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth R936k. Insiders have been net sellers, collectively disposing of R3.7m more than they bought in the last 12 months. Recent Insider Transactions • Nov 18
Executive Director recently sold R936k worth of stock On the 15th of November, Anthony van Zyl sold around 131k shares on-market at roughly R7.13 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of R3.1m more than they bought in the last 12 months. Recent Insider Transactions Derivative • Nov 17
Executive Director exercised options to buy R959k worth of stock. On the 11th of November, Anthony van Zyl exercised options to buy 131k shares at a strike price of around R4.15, costing a total of R545k. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. Since December 2021, Anthony's direct individual holding has increased from 16.31m shares to 17.31m. Company insiders have collectively sold R902k more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Nov 16
Insider recently sold R610k worth of stock On the 7th of November, M. Desai sold around 80k shares on-market at roughly R7.61 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of R2.1m more than they bought in the last 12 months. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Non-Executive Director Ernest Ngubo was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Nov 12
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Non-Executive Director Ernest Ngubo was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Recent Insider Transactions Derivative • Nov 09
CEO & Executive Director exercised options to buy R6.1m worth of stock. On the 3rd of November, Glen Gerber exercised options to buy 800k shares at a strike price of around R0.85, costing a total of R680k. This transaction amounted to 50% of their direct individual holding at the time of the trade. Since December 2021, Glen's direct individual holding has increased from 1.56m shares to 1.59m. Company insiders have collectively sold R837k more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Nov 02
First half 2023 earnings released: EPS: R0.78 (vs R0.48 in 1H 2022) First half 2023 results: EPS: R0.78 (up from R0.48 in 1H 2022). Revenue: R329.6m (up 15% from 1H 2022). Net income: R107.1m (up 59% from 1H 2022). Profit margin: 33% (up from 24% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 3.6% growth forecast for the Global Logistics industry. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Sep 24
Santova Limited (JSE:SNV) acquired A-Link Freight, Inc. from Universal Shipping, Inc. $2.35 million. Santova Limited (JSE:SNV) acquired A-Link Freight, Inc. from Universal Shipping, Inc. $2.35 million on September 22, 2022. The acquisition will be funded through Santova’s cash reserves and the R75 million medium term acquisition loan facility, which was approved in 2018 by the Group’s primary transactional bankers for general acquisition purposes.
Santova Limited (JSE:SNV) completed the acquisition of A-Link Freight, Inc. from Universal Shipping, Inc. on September 22, 2022. Reported Earnings • May 19
Full year 2022 earnings released: EPS: R1.23 (vs R0.47 in FY 2021) Full year 2022 results: EPS: R1.23 (up from R0.47 in FY 2021). Revenue: R633.0m (up 39% from FY 2021). Net income: R170.1m (up 144% from FY 2021). Profit margin: 27% (up from 15% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 41% per year whereas the company’s share price has increased by 37% per year. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improved over the past week After last week's 19% share price gain to R6.39, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 9x in the Logistics industry in Africa. Total returns to shareholders of 172% over the past three years. Tillkännagivande • May 07
Santova Limited to Report Fiscal Year 2022 Results on May 19, 2022 Santova Limited announced that they will report fiscal year 2022 results on May 19, 2022 Recent Insider Transactions • Feb 26
CEO & Executive Director recently bought R259k worth of stock On the 22nd of February, Glen Gerber bought around 46k shares on-market at roughly R5.65 per share. In the last 3 months, there was an even bigger purchase from another insider worth R475k. Glen has been a buyer over the last 12 months, purchasing a net total of R491k worth in shares. Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment improved over the past week After last week's 17% share price gain to R5.10, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 20x in the Logistics industry in Africa. Total returns to shareholders of 65% over the past three years. Recent Insider Transactions • Dec 08
CEO & Executive Director recently bought R232k worth of stock On the 2nd of December, Glen Gerber bought around 56k shares on-market at roughly R4.15 per share. This was the largest purchase by an insider in the last 3 months. This was Glen's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improved over the past week After last week's 18% share price gain to R4.49, the stock trades at a trailing P/E ratio of 9.1x. Average trailing P/E is 9x in the Logistics industry in Africa. Total returns to shareholders of 47% over the past three years. Reported Earnings • May 19
Full year 2021 earnings released: EPS R0.47 (vs R0.41 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: R455.7m (up 5.4% from FY 2020). Net income: R69.7m (up 7.2% from FY 2020). Profit margin: 15% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 3% per year. Is New 90 Day High Low • Mar 08
New 90-day low: R2.53 The company is down 11% from its price of R2.83 on 08 December 2020. The South African market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Logistics industry, which is up 12% over the same period. Is New 90 Day High Low • Feb 08
New 90-day high: R3.09 The company is up 14% from its price of R2.71 on 10 November 2020. The South African market is up 12% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Logistics industry, which is up 15% over the same period. Is New 90 Day High Low • Nov 18
New 90-day high: R2.85 The company is up 54% from its price of R1.85 on 20 August 2020. The South African market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Logistics industry, which is up 14% over the same period. Reported Earnings • Oct 31
First half earnings released Over the last 12 months the company has reported total profits of R69.2m, up 22% from the prior year. Total revenue was R446.7m over the last 12 months, up 13% from the prior year. Reported Earnings • Oct 29
First half earnings released Over the last 12 months the company has reported total profits of R69.2m, up 22% from the prior year. Total revenue was R446.7m over the last 12 months, up 13% from the prior year. Is New 90 Day High Low • Oct 29
New 90-day high: R2.28 The company is up 27% from its price of R1.80 on 30 July 2020. The South African market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Logistics industry, which is up 4.0% over the same period. Tillkännagivande • Jul 31
Santova Limited (JSE:SNV) completed the acquisition of MLG Maritime Cargo Logistics Gmbh from Frank Heuer Santova Limited (JSE:SNV) agreed to acquire MLG Maritime Cargo Logistics Gmbh from Frank Heuer for €1.9 million on April 10, 2019. Pursuant to the terms, Santova will pay €1.3 million payable on fulfilment of conditions precedent and the balance payable in two installments of €0.33 million, each year over a period of 24 months subject to the achievement of a profit warranty. The profit warranty requires MCL to achieve a minimum net profit before tax of €0.35 million per annum for the 24-month warranty period, failing which the goodwill component of the
purchase price will be proportionately reduced. The purchase price will be funded through the medium term loan facility of €4.7 million (ZAR 75 million). Post-completion, Frank Heuer, Managing Director and founder of MLG Maritime Cargo Logistics will be retained. Additionally, Frank Heuer will assume the role of Managing Director of Santova Logistics (Germany) following the recent retirement of the current Managing Director. The completion of the transaction is subject to certain conditions precedent including signature of the agreed Managing Director Service Agreement by Frank Heuer, negotiation and execution of the new lease governing the Hamburg warehouse to the satisfaction of the parties, payment of the first installment of the purchase price once all other conditions precedent are fulfilled. The acquisition is still subject to certain suspensive
conditions and is expected to formally complete by the end of May 2019. River Group acted as corporate advisor for Santova Limited.
Santova Limited (JSE:SNV) completed the acquisition of MLG Maritime Cargo Logistics Gmbh from Frank Heuer on May 1, 2019