Rating based on 879 reviews
About – Grindrod Bank
Grindrod Limited is based in South Africa and is the holding company of a dynamic organisation listed on the JSE securities exchange.
We have over 100 years’ experience in freight movement and related industries, providing integrated logistical and specialised services for cargo by road, rail, sea and air.
World-class global enterprise
Our business has grown to become a world-class global enterprise with representation by subsidiaries, joint ventures and associated lending and banking companies in 32 countries worldwide.
Grindrod’s current annual turnover of R10.2 billion and our total assets amount to R36.5 billion, routing us firmly in the financial world.
Our company comprises of three divisions: freight services, shipping and financial services and we employ more than 5500 skilled and dedicated people.
As a South African listed company, we are uniquely positioned to service Africa trade flows and our presence in key countries aids in strategic freight logistics.
Our company aim
Our vision at Grindrod is to create sustainable returns and long-term value for our shareholders.
We aim to create synergy between the operation and marketing of our three divisions, striving to become the first choice provider for a broad range of freight logistics.
By continuing to invest in assets and opportunities across the three divisions, we pursue our strategy to become a fully integrated freight logistics and shipping service, provider.
Our specific focus is on oil and gas, dry bulk, liquid commodities, containerised cargo and vehicles, but we also provide financial services like vehicle financing and personal loans.
Services – Grindrod Bank
Our vision spans three elements: freight, financial and shipping.
Our vision for freight is to be dominant and profitable, focussing on infrastructural development on the African continent. In terms of finances, we aim to be a highly profitable investment bank with a well-capitalised balance sheet, niche product focus, strong client franchise and to strategically evolve with the changing landscape. We also offer online banking services.
Grindrod’s vision for shipping is to continue to be a significant and profitable ship owner and operator, providing high-quality shipping services with a growing fleet of modern and flexible ships.
Grindrod established in 1910 when Captain John Grindrod started a clearing and forwarding agency. The company continued to grow throughout the 20th century, establishing the first container and depot services in Maputo, Richards Bay, Durban and Walvis Bay.
By 1986 Grindrod had listed its shared on the Johannesburg Stock Exchange through a newly established holding company, Grindrod. In 2001 the company changed its name to Grindrod Limited and in 2005 Grindrod acquired Marriot Corporate Property Bank.
This company today trades as Grindrod Bank and Grindrod Asset Management Services. In 2007 the company invested in the Maputo Port Development Company, which today manages a throughput of 16 million tonnes a year.
Grindrod re-entered the rail sector in 2009 and now offer a full suite of rail services through South Africa and Central Africa. In 2016 the company closed its Trading division in order to streamline its freight and logistics services and geared up to expand further into the African continent. Grindrod continues to expand and invest in order to stay at the forefront of the industry.
Global reporting initiative (GRI)
The GRI framework and guidelines for sustainability has been adopted at Grindrod and we are self-declared level B. This includes managing impacts on communities and the environments, covering the company’s activities around the world.
Summary of Services
Grindrod Bank - Professional banking solutions
At Grindrod Bank, we aim to develop intellectually by focussing on sourcing extraordinary individuals to provide clients with professional expertise.
Our employees are encouraged to build on innovative thinking to create financial products and services, catering to a dynamic niche market. This is further enforced by a flat hierarchical system within our bank, allowing direct access to top management for fast turnarounds and decisions.
Treasury and capital markets
Our range of investment opportunities is wide and includes quick cash deposits and guaranteed preference shares. These opportunities come with excellent returns, catering for both the individual and the corporate investors.
Lending and finance
At Grindrod, we appreciate the need for a variety of commercial personal lending solutions and provide businesses with short-term loans, mezzanine finance equity funding and combinations of all three. We also offer Invoice Discounting, which is a confidential facility aimed at growing companies in the corporate sector, allowing them to accelerate the working capital of a business.
Our consultants at Grindrod are highly trained in commercial, industrial and property finance as well as property private equity and their expertise will assist you with excelling in the property market.
Grindrod Bank Retail division provides EFT, card, ATM and Immediate National Payment Systems and is a fully cleared member of the National Payment Systems. We make use of industry recognised technology such as Bankserv Africa and Net1 and Grindrod is a Mastercard issuer.
Our corporate finance team comprises of experts with extensive skills and experience in originating, negotiating and executing transactions. These services range across from corporate disciplines and as a registered JSE sponsor they provide a comprehensive service to both listed companies and those wanting to list on the JSE.
Asset management at Grindrod is conducted through a shareholding in Bridge Fund Managers. This service involves both wealth and investment banking products.
Exchange traded funds
CoreShares is a leading African ETF manager and forms shareholding for Grindrod where we conduct passive investment business.
Customer Reviews & Testimonials
Grindrod Bank is definitely a bank that knows how to take care of its customers. The services I got was excellent! Keep it up.
— Bloemfontein —
Grindrod Bank helped me with finance for a property I was looking to purchase. I appreciate how they went the extra mile by guiding me and giving me some advice so that everything could go well.
— Benoni —
I find Grindrod Bank’s online banking service to be highly convenient for someone like me who is always on the go.
— Rustenburg —
Ph: 011 459 1860
Postal AddressPO Box 1 , Durban , 4000, South Africa
- Monday 08:00 – 17:00
- Tuesday 08:00 – 17:00
- Wednesday 08:00 – 17:00
- Thursday 08:00 – 17:00
- Friday 08:00 – 17:00
- Saturday Closed –
- Sunday Closed –