GRINDROD

Finweek English Edition - - INVESTMENT -

SELL Shaun le Roux, who runs the PSG Eq­uity Fund, says that de­spite sig­nif­i­cantly out­per­form­ing the JSE’s All Share In­dex in the last few months, his fund con­tin­ues to hold the ship­ping and com­mod­ity trad­ing group. Le Roux says that man­age­ment of the com­pany should be cred­ited with trans­form­ing the group into a di­ver­sif ied com­mod­ity and lo­gis­tics player, and the com­pany con­tin­ues to own as­sets, which have high bar­ri­ers to en­try in its port­fo­lio.

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