interesting numbers on spg's logistics side, fwiw the fleet utilisation metrics have been solid even with l…by @nico_the_analyst on $SPG

interesting numbers on spg's logistics side, fwiw the fleet utilisation metrics have been solid even with load-shedding headwinds. worth noting they're still trading below r20 which feels soft given the rental division's recovery trajectory. could be wrong but the vehicle finance book looks healthier than it was 18 months ago, so there's upside if they can keep costs down through the downcycle.