Business structure


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Freight Services invests in and manages infrastructure and resources to achieve its mission to be the preferred provider of a broad range of freight logistics services, mainly on the African continent. The division integrates group infrastructure and logistics and freight-agency services to move dry- and liquid-bulk commodities, vehicles and containers along import/export corridors. The integration of logistics infrastructure includes rail and road transportation, rail services, port operations, terminals, intermodal solutions, warehousing, distribution, stevedoring and freight-agency services.

PORT operations comprise an equity investment in Maputo Port Development Company (MPDC), in partnership with the Ports and Railway Company of Mozambique (CFM), Dubai Ports World (DPW) and Mozambique Gestores SARL.

TERMINALS in Maputo, Richards Bay, Durban, Cape Town and Walvis Bay have combined throughput capacities in excess of 15mtpa dry bulk, 280 000m3 liquid bulk and 120 000 vehicles a year. Stevedoring services are also provided.

RAIL services comprise mainline operations, siding and cargo management and locomotive and wagon leasing and maintenance. Operations are located in South Africa, Mozambique, Zimbabwe, Zambia, Cameroon, Sierra Leone, Ghana and Mauritius.

CARRIER LOGISTICS manages the transportation of vehicles and fuel through its fleet of specialised vehicles.

CONTAINER LOGISTICS provides containerised cargo and cargo-handling services. Warehouse depots have a storage capacity for 27 500 TEU and 210 000 tonnes of cargo.

SHIPS AGENCY AND CLEARING AND FORWARDING provides freight-clearing and forwarding and ships-agency services.

AGRICULTURAL LOGISTICS provides inputs to agricultural producers as well as market access and storage and logistics of bulk agricultural products.


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Shipping operates a diversified fleet of owned, long-term chartered and joint-venture dry-bulk, liquid-bulk, container and bunker vessels across the world. The supply of marine fuels and lubricants complement a product offering aimed at delivering a global dry-bulk and petrochemical sea-freight solution.

ISLAND VIEW SHIPPING (IVS) operates and commercially manages owned and long-term chartered handysize, supramax and capesize dry-bulk carriers. The fleet comprises 35 vessels. In addition, a number of third-party vessels are commercially managed in the IVS pools.

UNICORN SHIPPING owns and long-term charters 18 medium-range and small-products tankers, including six in joint ventures.

SEAFREIGHT, through OACL, provides a coastal shipping service calling major ports in South Africa, Mozambique, Namibia and Angola. In addition OACL operates multi-purpose terminals in Durban that cater to containerised, break-bulk and bulk cargoes, including warehousing and distribution.

SHIP-OPERATING complement the dry-bulk services with shorter-term parcel services, using supramax bulk carriers, and liquid bulk services using four liquid-bulk coastal carriers.

MARINE FUEL Cockett Group is a global reseller of marine fuel products, including physical supply at select locations through its subsidiary V-Marine Fuels, and is a joint venture between Grindrod and Vitol.

BUNKER TANKERS operate three vessels in the ports of Durban and Cape Town.


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The Financial Services division provides niche investment, asset management, loan finance and retail services through Grindrod Bank and Bridge Fund Managers.

GRINDROD BANK is an authorised financial-services credit provider regulated by the SARB.

Banking products include secured and mezzanine loans, corporate finance services, preference-share investments, treasury deposits as well as retail card services.

NON-BANK FINANCIAL SERVICES include medium-term private equity investments (property and other), third-party asset management services and a suite of 14 CoreShare Index Tracker Manager ETFs.

Bridge Fund Managers, a subsidiary of Infinitus Holdings Proprietary Limited, is a registered investment management company and a FSB authorised financial services provider holding Category I and II licences. It provides bespoke investment management, stockbroking, financial planning and fiduciary services to individuals, family trusts and educational and charitable institutions. It also manages investments on behalf of institutional investors and pension funds in segregated portfolios, and a suite of three offshore US$-denominated unit trusts and 10 local Collective Investment Schemes.

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