Finweek English Edition - - INVESTMENT -

The Grindrod strat­egy of mov­ing away from be­ing a purely ship­ping stock is work­ing well, as re­cent re­sults show. It has mor­phed into a lo­gis­tics com­pany that can pretty much of­fer a to­tal turnkey so­lu­tion to clients as it can trans­fer goods to port, store at the port, ship and, with cer­tain com­modi­ties, it can even trade for the client all the while of­fer­ing bank­ing fa­cil­i­ties via Grindrod Bank. The fi­nan­cial ser­vices di­vi­sion is do­ing very well al­beit off a small base, but it’s ex­pand­ing

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