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31-Aug-2018
(C)
Revenue rose to R1.55 billion (R1.48 billion) whilst EBITDA lowered to R249.6 million (R274.8 million). Operating profit before interest and taxation decreased to R162.0 million (R179.4 million). Profit attributable to ordinary shareholders turned around to R2.4 billion (loss of R86.6 million). In addition, headline earnings per share from continuing operations were higher at 37.8 cents per share (30.8 cents per share).



Declaration of interim dividend

Ordinary dividend

Notice is hereby given that no interim dividend has been declared out of income reserves for the six-month period ended 30 June 2018 (H1 2017: no interim dividend declared).



Preference dividend

Notice is hereby given that a gross interim dividend of 442.0 cents per cumulative, non-redeemable, non-participating and non-convertible preference share (H1 2017: 458.0 cents) has been declared out of income reserves for the six-month period ended 30 June 2018.



Company prospects

With the separate listing of the Shipping division complete, Grindrod is well positioned to drive the strategies of the Freight Services and Financial Services divisions. Significant initiatives to improve capacity and drive more efficient utilisation of resources will position the remaining businesses to increase market share and to capitalise on any global market improvements.
22-Aug-2018
(Official Notice)
The board?s strategic decision to spin-off the Shipping business on the NASDAQ and JSE was successfully implemented during June 2018. The shipping market and outlook remains positive with the newly constituted Grindrod Shipping board guiding the completion of the strategy.



With the separation of Shipping now complete, the board is committed to a renewed strategic focus on the Freight Services businesses to achieve sustainable long term growth and explore opportunities to, inter alia, introduce diversification and increase scale. In addition, the Financial Services team continues to explore opportunities for the Bank and remains committed to the pursuit of a meaningful BEE transaction.



To ensure continued strong leadership to execute on these strategic initiatives and following the resignation of Bongiwe Ntuli, shareholders are advised of the following executive and non- executive board changes.



Executive

? Mike Hankinson will continue in his role as Executive Chairman to guide the sustainable long-term growth

? Andrew Waller will take over the helm as CEO of Grindrod Ltd.

? Xolani Mbambo, the current CFO of the Freight Services business, has been appointed as Finance Director of Grindrod Ltd.

? Andrew and Xolani will also perform these respective roles for the Freight Services business as Grindrod consolidates the structure

? David Polkinghorne will continue to lead Financial Services and Grindrod Bank.



Non-executive

After a combined tenure of twenty eight years, Hassan Adams and Walter Geach will step down as Non-Executive Directors on 30 November 2018. Gerhard Kotze has resigned as a Non-Executive Director in order to pursue a change in his career. We thank them for their invaluable contribution.



Accordingly, shareholders are advised, in terms of section 3.59 of the Listings Requirements of the JSE the appointment of Andrew Waller as CEO of Grindrod Ltd., Xolani Mbambo as Financial Director of Grindrod Ltd., the resignation of Gerhard Kotze as Non-Executive Director with effect from 1 September 2018 and the retiring of Hassen Adams and Walter Geach with effect from 30 November 2018.
16-Aug-2018
(Official Notice)
Shareholders are referred to the trading statement issued on SENS on Tuesday, 19 June 2018 in which they were advised that total earnings for the six months ending 30 June 2018 were expected to be positive.



The board?s strategic decision to spin off and separately list the Shipping business on the NASDAQ as primary listing with a secondary inward listing on the JSE (Shipping Spin-off) was executed successfully during the first half of the year. This has cleared the path for renewed strategic focus on the remaining businesses, Freight Services and Financial Services.



As a consequence of the improved performance of the remaining businesses, and the execution of the Shipping Spin-off, shareholders are advised that earnings for the six months ended 30 June 2018 will be between R2 398 million and R2 378 million (an improvement in excess of 100% compared to a loss of R87 million in the comparative period). Total headline earnings will be between R39 million and R19 million (an improvement in excess of 100% compared to the headline loss of R129 million for first half 2017). Total earnings include non-trading items in discontinued operations, of which R2 324 million includes the foreign currency translation reserve release arising from the Shipping Spin-off.



Headline earnings from continuing operations for the six months ended 30 June 2018 will be between R290 million and R280 million, an improvement of between 25% and 21% compared to the comparable figure of R231 million.



As a result of the above, shareholders are advised that earnings per share for the six months ended 30 June 2018 are expected to be between 318.7 cents and 316.0 cents per share (an improvement in excess of 100% to the prior year comparative period, loss of 11.5 cents per share). Headline earnings are anticipated between 5.2 cents and 2.5 cents per share (which is an improvement in excess of 100% to the prior year comparative period loss of 17.2 cents per share).



Grindrod will release its interim results to shareholders on or about Friday, 31st August 2018 and will be hosting an investor presentation in Johannesburg on the same day.
01-Aug-2018
(Official Notice)
With the recent improvement in the commodity markets and significant work done to reshape the Grindrod Freight Services business, including the appointment of key management and through developing customer relationships, Bongiwe Ntuli has decided it would be the opportune time to embark on the next chapter in her career. Bongiwe has been with Grindrod for ten years of which three and a half years were as CEO of the Freight Services division.



Bongiwe has accepted an appointment as the CFO and executive director of The Foschini Group Ltd. with effect from 14 January 2019.



Bongiwe?s successor will be appointed in the coming months in order to facilitate a smooth transition prior to her departure on the 31 December 2018.



Accordingly, shareholders are advised, in terms of section 3.59 of the Listings Requirements of the JSE that Bongiwe Ntuli has resigned as an executive director of Grindrod Limited with effect from 31 December 2018.
19-Jun-2018
(Official Notice)
Shareholders are advised that total earnings per share for the six months ending 30 June 2018 is expected to be positive (an increase of more than 100%). The prior year comparative period, being the six months that ended 30 June 2017, reflected a loss per share of 11.5 cents.



The improvement is due to the foreign currency translation reserve release as a result of the spin- off of the Shipping business and separate primary listing on the NASDAQ with a secondary inward listing on the JSE. Once the Company has obtained more certainty, a further trading statement will be released on SENS. The information contained in this trading statement has not been reviewed nor reported on by the company?s external auditors.
19-Jun-2018
(Official Notice)
Shareholders are referred to reports in the local press on Monday, 18 June 2018, that the Portuguese government made public on Friday, 15 June 2018, the names of four parties who had been shortlisted as potential acquirers and who would participate in the second phase (which will include, inter alia, due diligence, engagement with Mercantile management and submission of binding offers) of the process to acquire Mercantile Bank Ltd. (?Mercantile?), which is owned by Portuguese state-owned Caixa Geral de Dep?sitos. A consortium comprising Arise BV (?Arise?) and Grindrod Ltd.?s subsidiaries Grindrod Bank Ltd. (?Grindrod Bank?) and Grindrod Financial Holdings Ltd. (?GFH?) (?the Consortium?) has been selected as one of the four shortlisted potential acquirers of Mercantile.



Arise is a leading African investment company that partners with sustainable, locally-owned financial services providers in Sub-Saharan Africa. The company, founded by three cornerstone investors namely Rabobank, Norfund and FMO, currently manages assets in excess of USD700 million and is operational in over ten countries. Arise?s vision is to contribute to the economic growth of Sub- Saharan Africa and the prosperity of its people by increasing financial inclusion and employment, strengthening rural development and poverty alleviation.



Mercantile?s business is considered complementary to that of Grindrod Ltd.?s Financial Services division comprising Grindrod Bank and GFH and a merger will create a business well placed to grow and compete in the South African financial services and banking sector.



The Financial Services division remains focused on positioning itself to expand its service offering and optimise value within its areas of business. This includes investigating ways in which further value can be created by introducing a BEE shareholding, in order to propel Financial Services to the next level of growth.
13-Jun-2018
(Official Notice)
The ordinary shareholders and preference shareholders of Grindrod (collectively, ?Shareholders?) are referred to the circular to Shareholders, distributed on Monday, 7 May 2018 (?Circular?, using terms defined therein) detailing, inter alia, the terms of the Grindrod Distribution. Shareholders are further referred to the announcement released by the Company on the Stock Exchange News Service on 4 June 2018 (Cash payment applicable to the Grindrod Distribution).



Shareholders are reminded that Grindrod ordinary shares began trading ex the Grindrod Distribution, with effect from commencement of business today, Wednesday, 13 June 2018, in accordance with the Salient Dates and Times contained in the Circular and as extracted below. The Grindrod ordinary share price has accordingly adjusted for trading ex the Grindrod Distribution.



In accordance with the Circular, ordinary Shareholders will receive one Grindrod Shipping (?GSH?) share for every forty Grindrod Limited ordinary shares with the secondary inward listing of the GSH shares on the JSE scheduled to occur on Tuesday, 19 June 2018, with no reduction in the number of ordinary shares held in Grindrod Limited.



Remaining Salient Dates and Times: 2018

*Grindrod Ordinary Shares trade ?ex? the entitlement to the Grindrod Distribution with effect from the commencement of business on Wednesday, 13 June

*Grindrod Distribution Record Date Friday, 15 June

*Implementation Date Monday, 18 June

*Primary listing of Grindrod Shipping (Grindrod Shipping Ordinary Shares) on the NASDAQ with effect from the commencement of business (09h30 GMT -04:00, being 15h30 South African Standard Time) Monday, 18 June

*Secondary inward listing of Grindrod Shipping (Grindrod

*Shipping Ordinary Shares) ISIN SG9999019087 with alpha code GSH and short name GRINSHIP on the JSE with effect from the commencement of business (09h00 South African Standard Time) on Tuesday, 19 June

*Fractional Entitlement payment date Tuesday, 19 June
04-Jun-2018
(Official Notice)
04-Jun-2018
(Official Notice)
Shareholders are hereby advised that, at the general meeting of shareholders of the company held on Monday, 4 June 2018, all the proposed ordinary resolutions, as set out in the notice of general meeting attached to the circular to shareholders dated Monday, 7 May 2018, were passed by the requisite majority of shareholders present and voting, in person or by proxy.



Details of the results of voting at the general meeting are as follows:

Ordinary shares:

*Total number of issued ordinary shares: 762 553 314 with a par value of 0.002 cents per share.

*Total number of issued ordinary shares net of treasury shares (?Total Votable Ordinary Shares?): 756 265 920.

*Total number of issued ordinary shares which were present/represented at the general meeting: 602 980 640 being 79.73% of the total votable ordinary shares.



Preference shares:

*Total number of issued preference shares with a par value of 0.031 cent per share (?Total Votable Preference Shares?): 7 400 000

*Total number of issued preference shares which were present/represented at the general meeting: 228 161 being 3.08% of the total votable preference shares.
04-Jun-2018
(Official Notice)
The ordinary shareholders and preference shareholders of Grindrod (collectively, ?Shareholders?) are informed that the definition of ?Qualifying SA Corporate(s)? included in the circular to Shareholders and the pre-listing statement of Grindrod Shipping Holdings Ltd., both posted on Monday, 7 May 2018, contains a reference to section 64FA(2)(a) of the Income Tax Act, No. 58 of 1962. Shareholders are advised that this reference should be to section 64FA(1)(a).
01-Jun-2018
(Official Notice)
Further to the SENS announcement of 31 May 2018, shareholders are advised that due to non-binding advisory vote number 4.1 relating to the Company?s group remuneration policy and non-binding advisory vote number 4.2 relating to the group implementation report being voted against by more than 25% of shareholders present in person or represented by proxy at the 51st annual general meeting held on Thursday, 31 May 2018, an invitation is extended to such dissenting shareholders to engage with the Company in terms of LR 3.84(k) as follows:

1. Dissenting shareholders are invited to forward their concerns/questions on the group remuneration policy and the group implementation report to the group company secretary in writing by close of business on Friday, 15 June 2018;

2. All dissenting shareholders to advise the group company secretary whether they wish to engage with the Company on this matter by no later than close of business on Friday, 15 June 2018; and

3. Following the responses received from the dissenting shareholders in accordance with the above, appropriate engagements will be scheduled with such shareholders at a suitable date and time.
31-May-2018
(Official Notice)
Shareholders are hereby advised that at the annual general meeting of shareholders of the company held today, Thursday, 31 May 2018, all the proposed ordinary and special resolutions, as set out in the notice of annual general meeting contained in the Integrated Annual Report which was distributed to shareholders on 10 April 2018 and the updated notice of annual general meeting distributed on 18 May 2018, were passed by the requisite majority of shareholders present and voting, in person or by proxy.



Details of the results of voting at the annual general meeting are as follows:



Ordinary shares:

*Total number of issued ordinary shares: 762 553 314

*Total number of issued ordinary shares net of treasury shares (?Total Votable Ordinary Shares?): 756 265 920.

*Total number of issued ordinary shares which were present/represented at the annual general meeting: 641 297 377 being 84,80% of the Total Votable Ordinary Shares.



Preference shares:

*Total number of issued preference shares (?Total Votable Preference Shares?): 7 400 000

*Total number of issued preference shares which were present/represented at the annual general meeting: 238 775 being 3,23% of the Total Votable Preference Shares.
28-May-2018
(Official Notice)
The ordinary shareholders and preference shareholders of Grindrod (collectively, ?shareholders?) are referred to the circular to shareholders, posted on Monday, 7 May 2018 (?Circular?) detailing, inter alia, the terms of the proposed primary listing of Grindrod Shipping Holdings Limited (?Grindrod Shipping?) ordinary shares on the NASDAQ Global Select Market (?NASDAQ?) and their secondary inward listing on the main board of the exchange operated by the JSE Ltd. (?JSE?).



As outlined in paragraph 3 of the Circular, the company committed to providing a comparison of certain requirements of NASDAQ and the JSE which is now immediately available on the company?s website: www.grindrod.co.za. The comparison compares certain of the listing requirements for primary listings on the NASDAQ (as they relate to foreign private issuers such as Grindrod Shipping) and the JSE.



This comparison information is in summary form only and does not contain the details of all of the differences between the NASDAQ and JSE requirements for primary listings, nor all of the listing requirements of either exchange. To the extent that NASDAQ requirements defer to other regulations applicable to Grindrod Shipping, as a foreign private issuer incorporated in the Republic of Singapore, certain summary information is provided as to the applicable laws and compliance by Grindrod Shipping.
18-May-2018
(Official Notice)
Shareholders are advised that the notice of annual general meeting and accompanying proxy form have been amended to include the below non-binding advisory vote on the group implementation report included in the integrated annual report, distributed on 10 April 2018. The amendment is made to allow shareholders the opportunity to vote on the group implementation report, in accordance with corporate governance recommendations.



?4.2 Confirmation of the group implementation report

That, as a non-binding advisory vote, the company?s implementation report as set out in the remuneration report on pages 110 to 116 of the integrated annual report be and is hereby confirmed.?



The updated notice of annual general meeting and accompanying proxy form have been distributed and are available on the company?s website hosted at www.grindrod.com as well as at the registered office for inspection.
07-May-2018
(Official Notice)
The ordinary shareholders and preference shareholders of Grindrod (collectively, ?Shareholders?) are referred to the Stock Exchange News Service announcement released on 23 March 2018, wherein they were advised that the Grindrod board of directors had resolved to proceed with a separate primary listing of Grindrod?s shipping business on The NASDAQ Global Select Market, with a secondary inward listing on the Johannesburg Stock Exchange (?Proposed Transaction?).



Shareholders are now advised that the circular to Shareholders containing the details of the Proposed Transaction, incorporating a notice of general meeting and a form of proxy (?Circular?) was posted on Monday, 7 May 2018. The Circular has been posted together with the Grindrod Shipping Holdings Ltd. pre-listing statement as approved by the JSE (?PLS?) and the Form 20-F filed with the U.S. Securities and Exchange Commission (?Form 20-F?).



The Circular, along with the PLS and Form 20-F, are immediately available on the Company?s website: www.grindrod.co.za.



Notice of the General Meeting

Notice was given that a general meeting of Shareholders (?General Meeting?) will be held (subject to any adjournment, postponement or cancellation) at 14:00 at Grindrod House, 108 Margaret Mncadi Avenue, Durban on Monday, 4 June 2018 to transact the business as stated in the general meeting notice forming part of the Circular.
10-Apr-2018
(Official Notice)
Shareholders are advised that the company?s annual financial statements for the year ended 31 December 2017 are available on the company?s website and are unchanged from the audited results which were published on SENS on 23 March 2018.



The 2017 integrated annual report, distributed on 10 April 2018 is available on the company?s website on www.grindrod.com.



Notice is hereby given that the annual general meeting of the company will be held in the boardroom, 8th Floor, Grindrod House, 108 Margaret Mncadi Avenue, Durban, on Thursday, 31 May 2018 at 14h00, to transact business as stated in the notice of the annual general meeting. The notice of annual general meeting forms part of the integrated annual report.



The record date of shareholders to be recorded as such in the securities register of the company in order to be able to attend, participate and vote at the annual general meeting is Friday, 25 May 2018. The last date to trade to be able to attend, participate and vote at the annual general meeting is Tuesday, 22 May 2018.

03-Apr-2018
(Official Notice)
Shareholders are advised that the Company?s annual compliance report prepared pursuant to section 13(G)(2) of the Broad-Based Black Economic Empowerment Act No. 53 of 2003 is available on the Company?s website hosted at www.grindrod.com.
23-Mar-2018
(Official Notice)
23-Mar-2018
(C)
Revenue from continuing operations lowered to R3.1 billion (R3.3 billion) whilst EBITDA decreased to R622.0 million (R687.8 million). Operating profit before interest and taxation took a knock to R426.1 million (R456.7 million). Loss attributable to ordinary shareholders improved to R582.7 million (loss of R1.9 billion). In addition, headline earnings from continuing operations jumped to 76.0cps (27.8cps).



Company prospects

Global markets continue to show signs of improvement and its businesses are set to benefit in coming years from the foundation that has been laid to optimise value creation. The strategy to unlock value should be largely completed in the second half of 2018.
14-Mar-2018
(Official Notice)
Shareholders are referred to the trading statement issued on SENS on Tuesday, 27 February 2018 in which shareholders were advised that the headline earnings from continuing operations, was expected to be between R 566 million and R 576 million.



Shareholders are advised that improved demand and strong performance by the continuing businesses, which comprise Freight Services and Financial Services businesses, resulted in headline earnings of R 571 million for the year ended 31 December 2017, a marked improvement on the comparable figure of R 209 million in 2016.



Grindrod continues to have a strong balance sheet with nil gearing (2016: 2%), and is therefore well positioned as global markets continue to show signs of improvement.



Shareholders are further advised that the loss for the year ended 31 December 2017 will be R 583 million (an improvement of 69% compared to the R 1 908 million in 2016) and headline loss will be R 356 million (an improvement of 23% compared to the R 460 million in 2016).



Included in the headline loss of R 356 million is an adjustment relating to the Rail assembly business impairments, which was recorded in the 2016 results.



Grindrod will release its final results to shareholders on or about Friday, 23rd March 2018 and will be holding an investor presentation in Johannesburg on Monday, the 26th March 2018.
27-Feb-2018
(Official Notice)
Notice is hereby given that a gross final dividend of 456.0 cents per cumulative, non-redeemable, non-participating and non-convertible preference share (2016: 466.0 cents) is declared out of income reserves for the year ending 31 December 2017, payable to preference shareholders in accordance with the timetable below.



As at 27 February 2018, there are 7 400 000 cumulative, non-redeemable, non-participating and non-convertible preference shares in issue. The final net preference dividend is 364.80000 cents per share for preference shareholders who are not exempt from dividend tax.



With respect to the preference dividend, in terms of the dividends tax effective since 22 February 2017, the following additional information is disclosed:



The local dividends tax rate is 20 per cent.



Preference dividend time table

*Dividend declaration and finalisation date - Tuesday, 27 February 2018

*Last date to trade cum dividend - Tuesday, 13 March 2018

*Securities start trading ex-dividend - Wednesday, 14 March 2018

*Record date - Friday, 16 March 2018

*Payment date - Monday, 19 March 2018



No dematerialisation or rematerialisation of shares will be allowed for the period Wednesday, 14 March 2018 to Friday, 16 March 2018, both days inclusive.



The dividend is declared in the currency of the Republic of South Africa.



27-Feb-2018
(Official Notice)
16-Jan-2018
(Official Notice)
The Company refers to the announcement released on 23 August 2017 in which Grindrod indicated that it will start investigating the separate listing of the Shipping business on a recognised international stock exchange (?the Proposed International Listing?), including the local and international required regulatory requirements to achieve such a listing. The board intended at the time to make a final determination regarding the proposed international listing before the end of the year.



Due to the cross jurisdictional nature of the proposed international listing, the various processes required with the different regulators in the relevant jurisdictions are taking longer than initially expected. Work is continuing and based on current timing estimates the Grindrod board aims to make its final determination on the proposed international listing in the early part of 2018. Assuming the required regulatory approvals are successfully obtained, Grindrod will seek the listing of the Shipping business before the end of the first half of 2018.

01-Nov-2017
(Official Notice)
Shareholders are hereby advised of a change in directorate. Shareholders are reminded of the strategic decision taken by the board during the first half of the year to pursue the separate listing of the Shipping division on a recognised international stock exchange. The proposed transaction is progressing well, and as part of the transaction, executive director and chief executive officer of the Shipping division, Martyn Richard Wade will step down from the board of directors of the company to take up a directorship with the newly formed Shipping holding company, Grindrod Shipping Holdings Pte Ltd. effective 1 November 2017.
23-Aug-2017
(C)
Revenue for the interim period fell to R4.105 billion (2016: R4.649 billion), operating loss before interest and taxation was recorded at R92.5 million (2016: loss of R135 million). Net loss for the period attributable to ordinary shareholders came in at R86.6 million (2016: loss of R1.120 billion). Furthermore, headline loss per share was recorded at 17.2 cents per share (2016: headline loss of 50.8 cents per share).



Declaration of interim dividend

Ordinary dividend

Notice is hereby given that no interim dividend has been declared out of income reserves for the six-month period ended 30 June 2017 (H1 2016: no interim dividend declared).



Preference dividend

Notice is hereby given that a gross interim dividend of 458.0 cents per cumulative, non-redeemable, non-participating and non-convertible preference share (H1 2016: 453.0 cents) has been declared out of income reserves for the six-month period ended 30 June 2017.



Prospects

The stronger volumes have continued for several quarters and commodity pricing remains at profitable levels. The recovery of the South African market is now needed to improve the returns of the South Africa-based logistics businesses. The group remains cash-generative with a strong balance sheet and well positioned to execute its strategic plan. Shareholder engagement on a proposal for unbundling will take place in due course.

15-Aug-2017
(Official Notice)
Shareholders are advised that the Company has appointed Link Market Services South Africa (Pty) Ltd. (Link) as its transfer secretary with effect from 1 September 2017.



Contact details for Link are as follows:

* Physical address: 13th Floor, Rennie House, 19 Ameshoff Street, Braamfontein, 2017

* Postal address: PO Box 4844, Johannesburg, 2000
15-Aug-2017
(Official Notice)
Stronger mineral commodity exports have impacted positively on the EBITDA (earnings before interest, tax, depreciation and amortization) of R640.4 million inclusive of joint ventures and excluding rail assembly businesses, compared to R246.4 million of the prior year comparative period. The Ports and Terminals division recorded satisfactory profits and the Shipping division recovered to above cash breakeven following a strengthening of dry bulk shipping rates. Grindrod Bank continued to grow its profitability. The closure of the Rail assembly businesses held for sale resulted in losses and impairments of R255 million and consequently a headline loss for the six month ended 30 June 2017.



Shareholders are advised that Grindrod expects the loss for the six months that ended 30 June 2017 to be between R97 million and R77 million, which is an improvement of between 91% and 93%, compared to the prior year comparative period loss of R1 120 million. Headline loss for the period is expected to be between R139 million and R119 million, which is an improvement of between 64% and 69% compared to the prior year comparative period headline loss of R381 million.



As a consequence of the above, shareholders are advised that a loss per share for the six months that ended 30 June 2017 is expected to be between 12.9 cents per share and 10.3 cents per share (which is an improvement of between 91% and 93% to the prior year comparative period, loss of 149.2 cents per share) and a headline loss between 18.5 cents per share and 15.9 cents per share (which is an improvement of between 64% and 69% to the prior year comparative period,, headline loss of 50.8 cents per share).



Grindrod will release its final results to shareholders on Wednesday, 23 August 2017 and will be holding an investor presentation in Johannesburg on that day.
01-Jun-2017
(Official Notice)
Shareholders are hereby advised that Alan Olivier, the Group?s chief executive officer (CEO), will with effect from 31 July 2017 take early retirement to pursue personal interests. Alan will remain available to the Shipping Division in a consulting capacity.



The three Grindrod divisions will continue to be managed by the skilled management team, Bongiwe Ntuli (Freight Services), Martyn Wade (Shipping) and David Polkinghorne (Financial Services).



Michael Hankinson has agreed to act as executive chairman in the transitional phase, with Andrew Waller, group financial director, supporting him. The board will begin the process of appointing a group CEO and notify the market accordingly. Nkululeko Sowazi will be the lead independent non-executive director of the board.

24-May-2017
(Official Notice)
Shareholders are hereby advised that at the annual general meeting of shareholders of the company held today Wednesday, 24 May 2017, all the proposed ordinary and special resolutions, as set out in the notice of annual general meeting contained in the Integrated Annual Report which was posted to shareholders on 31 March 2017, were passed by the requisite majority of shareholders present and voting, in person or by proxy.
31-Mar-2017
(Official Notice)
Shareholders are advised that the company's annual financial statements for the year ended 31 December 2016 are available on the company?s website and are unchanged from the audited results which were published on SENS on 2 March 2017. The 2016 integrated annual report, distributed on 31 March 2017 is available on the company?s website on www.grindrod.com.



Notice is hereby given that the annual general meeting of the company will be held in the boardroom, 1st Floor, Quadrant House, 115 Margaret Mncadi Avenue, Durban, on Wednesday, 24 May 2017 at 14h00, to transact business as stated in the notice of the annual general meeting. The notice of annual general meeting forms part of the integrated annual report.



The record date of shareholders to be recorded as such in the securities register of the company in order to be able to attend, participate and vote at the annual general meeting is Friday, 19 May 2017. The last date to trade to be able to attend, participate and vote at the annual general meeting is Tuesday, 16 May 2017.
02-Mar-2017
(C)
Revenue for the year lowered to R9.0 billion (2015: R10.2 billion). Earnings before interest, taxation, depreciation and amortisation fell to R469.3 million (2015: R1.1 billion). Loss before interest and taxation was recorded at R114.7 million (2015: profit of R423.4 million). Net loss for the year attributable to ordinary shareholders widened to R1.9 billion (2015: loss of R1.4 billion). In addition, headline loss per share was 61.2 cents per share (2015: headline earnings of 74.4 cents per share).



Ordinary dividend

Notice is hereby given that no gross final dividend has been declared out of income reserves for the year ended 31 December 2016 (2015: 6.0 cents).



Preference dividend

Notice is hereby given that a gross final dividend of 466.0 cents per cumulative, non-redeemable, non-participating and non-convertible preference share (2015: 423.0 cents) has been declared out of income reserves for the year ended 31 December 2016, payable to preference shareholders in accordance with the timetable below.



Prospects

There are signs that some markets are beginning to stabilise, although the supply and demand balance in Shipping remains fragile.



The group remains cash-generative at operating level and well positioned to capitalise on opportunities and investments outlined in its strategy and business plan.

01-Mar-2017
(Official Notice)
Shareholders are referred to the trading statement issued on 21 February 2017 where shareholders were advised that the loss for the year ended 31 December 2016 was expected to be between R 1 695 million and R 1 720 million and headline loss for the year ended 31 December 2016 was expected to be between R 455 million and R 465 million.



Following further information on the likely timing of proceeds on the sale and the value of the rail businesses held for sale, a further impairment of R 200 million has been recognised.



Shareholders are advised that the loss for the year ended 31 December 2016 will be R 1 908 million. As a consequence of the above, the loss per share for the year ended 31 December 2016 will be 254 cents per share.



The above impairment does not impact headline earnings and headline earnings per share.



Grindrod will release its final results to shareholders on Thursday, 2 March 2017 and will be holding an investor presentation in Johannesburg on that day.
21-Feb-2017
(Official Notice)
Shareholders are advised that the headline loss for the year ended 31 December 2016 is expected to be between R 455 million and R 465 million. Following the first half headline loss of R 381 million the result reflects a gradual improvement in volumes and rates in the second half of the year. The prior year reflected positive headline earnings of R 559 million.



The improvement in the drybulk shipping rates from their lows in the first half and the continued good performance in the ship operating, coastal tanker and bunker barge businesses has positively impacted results. Rates in the tanker market have declined during the year, reflecting the effects of the high product stock levels and new building deliveries. Freight services performance reflects improved trading conditions during the second half, following an improvement in commodity pricing and consequently improved terminals and port volumes. The Rail assembly business held for sale reported continued trading losses due to the lack of an order book.



Grindrod Bank again performed well, with solid performance across all of its businesses. Impairments in the second half of R 444 million have been made in the rail division and R 183 million on the decision to sell three of the groups older ships. The impact was partially mitigated by the foreign currency profit release of R 120 million on disposal of the coal trading business.



As a consequence of the above, Grindrod expects the loss for the year ended 31 December 2016 to be between R 1 695 million and R 1 720 million. Shareholders are advised that the headline loss for the year is expected to be between 62.0 and 60.5 cents per share (31 December 2015: Headline earnings of 74.4 cents per share) and a loss per share of between 226 and 229 cents per share (31 December 2015: loss of 189.8 cents per share).



With total assets in excess of R36 billion (2015: R36 billion) and low gearing, the group?s financial position remains strong. The information contained in this trading statement has not been reviewed nor reported on by the company?s external auditors. Grindrod will release its final results to shareholders on Thursday, 2 March 2017 and will be holding an investor presentation in Johannesburg on that day.



25-Oct-2016
(Official Notice)
Shareholders are hereby advised of the appointment of Ms Zola Malinga as independent non-executive director with effect from 24 October 2016. Zola is a non-executive director and member of the audit committees of the boards of Hospitality Property Fund Ltd. and Sasol Inzalo respectively and is the co-founder and executive director of Jade Capital Partners (Pty) Ltd., an investment company founded in 2013.
25-Aug-2016
(C)
Revenue for the interim period fell to R4.649 billion (2015: R5.066 billion), operating loss before interest and taxation was recorded at R135 million (2015: profit of R284.5 million). Net loss for the period attributable to ordinary shareholders came in R1.120 billion (2015: profit of R303.2 million). Furthermore, headline loss per share was recorded at 50.8 cents per share (2015: headline earnings of 43.6 cents per share).



Preference dividend

Notice is hereby given that a gross interim dividend of 453.0 cents per cumulative, non-redeemable, non-participating and non-convertible preference share (H1 2015: 404.0 cents) has been declared out of income reserves for the six-month period ended 30 June 2016, payable to preference shareholders.



Ordinary dividend

Notice is hereby given that no interim dividend has been declared out of income reserves for the six-month period ended 30 June 2016 (H1 2015: 13.6 cents).



Prospects

Grindrod with its low gearing is well positioned to develop key capital projects and to further capitalise on opportunities. Current depressed commodity prices and dry-bulk shipping rates, although off their recent lows, will continue to put pressure on earnings and asset carrying values in the near term.
17-Aug-2016
(Official Notice)
Shareholders are referred to the trading statement issued on 27 May 2016 where shareholders were advised that earnings per share and headline earnings per share for the six months ending 30 June 2016 were expected to be negative primarily as a result of the exceptionally weak dry-bulk shipping rates during the first quarter.



Continued strong performances in the tanker and ship operating businesses mitigated the impact of the weak trading in the dry-bulk shipping business. The dry-bulk shipping market has recovered from the historic lows in the first quarter with rates now well in excess of operating costs. The Freight Service businesses were also impacted by the weak commodity market in the first half. A competitively priced logistics chain and improved commodity prices have resulted in significant contracted volume for the second half of the year. Financial Services again performed well.



The board has reviewed the group?s strategy and decided to sell the locomotive assembly business. Due to the continued depressed state of the market, it has been necessary to raise an impairment of R675 million in the rail businesses. The impairment includes R379 million in goodwill and intangible that arose on the BEE transaction concluded in 2014.



Shareholders are advised that the headline loss for the six month period ended 30 June 2016 is expected to be between R340 million and R400 million (30 June 2015: Headline earnings R327.9 million) and a loss for the six month period of between R1 090 million and R1 150 million (30 June 2015: Earnings R303.2 million).



Grindrod expects the headline loss for the six month?s ended 30 June 2016 to be between 46 and 54 cents per share (30 June 2015: Headline earnings 43.5 cents per share) and a loss per share of between 146 and 154 cents per share (30 June 2015: Earnings per share 40.2 cents per share).



The company?s net asset value is approximately R22.28 per share (30 June 2015: R23.16).



The company generated cash flows of R216.7 million in the half year and has a strong balance sheet with gearing of four percent.



Grindrod will release its results for the six month period to shareholders on 25 August 2016 and will be holding an investor presentation in Johannesburg on that day.
20-Jul-2016
(Official Notice)
Shareholders were advised of the appointment of Mr Gerhard Kotze as non-executive alternate director to Mr Mkhuseli Richman Faku effective 1 August 2016. Gerhard is a managing executive of Brimstone Investment Corporation.
30-May-2016
(Official Notice)
Following the results announcement dated 23 February 2016 referring to the appointment of Mr RSM Ndlovu as the alternate director to Mr PJ Uys, it is further advised that Mr RSM Ndlovu has also been appointed as a member on the audit and the social and ethics committees respectively effective 27 May 2016.





27-May-2016
(Official Notice)
Shareholders are hereby advised that at the annual general meeting of shareholders of the company held today Friday, 27 May 2016, all the proposed ordinary and special resolutions, as set out in the notice of annual general meeting contained in the Integrated Annual Report which was posted to shareholders on 31 March 2016, were passed by the requisite majority of shareholders present and voting, in person or by proxy.



27-May-2016
(Official Notice)
Shareholders are advised that earnings per share and headline earnings per share for the six months ending 30 June 2016 are expected to be negative (a decrease of more than 100%). The prior year comparative period, being the six months that ended 30 June 2015, reflected positive headline earnings per share of 43.6 cents and earnings per share of 40.3 cents.



The decrease is primarily as a result of the exceptionally weak drybulk shipping rates during the first quarter. The market has recovered in the second quarter with improving drybulk shipping rates however the recovery is at present insufficient to recover the first quarter losses.



Grindrod continues to have a strong balance sheet with adequate cash and minimal gearing. The group is well positioned to weather the current commodity cycle.



The tanker shipping and ship operating businesses continued to perform well during the first quarter.



Low commodity volumes impacted the terminals and rail businesses whilst the remaining freight businesses performed reasonably.



Grindrod Bank has continued to grow with solid performance across all of its businesses.



Once the company has obtained more certainty, a further trading statement will be released on SENS. The information contained in this trading statement has not been reviewed nor reported on by the company?s external auditors.
16-May-2016
(Official Notice)
Shareholders are advised of the resignation of Mrs Tantaswa Nyoka (previously Fubu) from the Grindrod Ltd. board and as member of the Audit Committee effective 16 May 2016. Mrs Nyoka resigned from the Grindrod Bank Ltd. board on the 7th of April 2016. The resignations are due to her appointment to another financial institution.
31-Mar-2016
(Official Notice)
Shareholders are advised that the company?s annual financial statements for the year ended 31 December 2015 are available on the company?s website and are unchanged from the audited results which were published on SENS on 25 February 2016.



The 2015 integrated annual report, posted on 31 March 2016 is also available on the company?s website on www.grindrod.co.za. Notice is hereby given that the annual general meeting of the company will be held in the boardroom, 1st Floor, Quadrant House, 115 Margaret Mncadi Avenue, Durban on Friday, 27 May 2016 at 14h00, to transact business as stated in the notice of the annual general meeting. The notice of annual general meeting forms part of the integrated annual report.



The record date of shareholders to be recorded as such in the securities register of the company in order to be able to attend, participate and vote at the annual general meeting is Friday, 20 May 2016. The last date to trade to be able to attend, participate and vote at the annual general meeting is Friday, 13 May 2016.

25-Feb-2016
(C)
Revenue for the year decreased to R10.2 billion (2014: R13.9 billion). EBITDA dropped to R1.1 billion (2014: R1.2 billion). Operating profit before interest and taxation narrowed to R423.4 million (2014: R618.9 million). Net loss for the year attributable to owners of the parent was recorded at R1.4 billion (2014: profit of R1.1 billion). Furthermore, headline earnings per share lowered to 74.4 cents per share (2014: 107.5 cents per share).



Preference dividend

Notice is hereby given that a gross final dividend of 423.0 cents per cumulative, non-redeemable, non-participating and non-convertible preference share (2014: 409.0 cents) has been declared out of income reserves for the year ended 31 December 2015.



Ordinary dividend

Notice is hereby given that a gross final dividend of 6.0 cents per ordinary share (2014: 20.0 cents) has been declared out of income reserves for the year ended 31 December 2015.



Prospects

Grindrod with its strategic assets and ungeared balance sheet is well positioned to develop key capital projects and to capitalise on opportunities. Current depressed commodity prices and dry-bulk shipping rates will, however, continue to put pressure on earnings in the near term.

18-Feb-2016
(Official Notice)
Shareholders are advised that headline earnings for the year ended 31 December 2015 are expected to be between R545 million and R580 million (2014: R729.4 million) which is a decrease of between 20% and 25%.



Strong performances in the tanker and ship operating businesses mitigated the impact of the weak trading in the dry-bulk shipping business. The Carrier Logistics turnaround helped Freight Services which was impacted by weak dry-cargo volumes. Financial Services again performed well and showed robust growth across all its business units.



However, the persistent decline in the dry-bulk shipping rates has continued into 2016 and are now at unprecedented levels. This has significantly impacted ship carrying values and the Board has therefore deemed it appropriate to raise an impairment of US$100 million. Impairments were also necessary in the mineral logistics and rail businesses. Prior year earnings benefited by R430.6 million raised on change of control in the BEE joint ventures.



Shareholders are advised that after raising the above impairments the company is expected to make a loss of between R1 350 million and R1 500 million (2014: Earnings R1 001.2 million), which is a decrease of between 235% and 250%.



Despite the impairments the company?s net asset value has increased to approximately R24 per share (2014: R22.27). This is a result of the currency conversion of its US dollar assets. The company generated strong cash flows in the year and remains ungeared. During the prior period the company issued 161.3 million shares and therefore applied a weighting based on the timing of the issue. The current period reflects the full impact of the additional shares in issue, increasing the weighted average number of shares by 11%.



As a consequence of the above, Grindrod expects headline earnings per share for the 12 month period ended 31 December 2015 to be between 70 and 75 cents per share (2014: 107.5 cents per share) which is a decrease of between 30% and 35% and a loss per share between 185 and 195 cents per share (2014: Earnings per share 147.6 cents per share), which is a decrease of between 225% and 232%



The information contained in this trading statement has not been reviewed nor reported on by the company?s external auditors.



Grindrod will release its final results to shareholders on 25 February 2016 and will be holding an investor presentation in Johannesburg on that day.



23-Nov-2015
(Official Notice)
The Grindrod Ltd. Share Option Scheme (the ?Scheme?) was approved at the annual general meeting on 20 May 1992, with subsequent amendments approved between 1995 and 2007. There is currently only one participant being Mr Alan Keith Olivier, Chief Executive Officer, as the Scheme has been closed to new participants since 2007. Mr Olivier currently holds 400 000 vested ordinary share options under the Scheme which was due to expire on 23 November 2015.



In accordance with Schedule 14 of the JSE Listings Requirements, shareholders are advised that the Company has applied to the JSE Ltd. for, and was granted an extension to the expiry date of the options on the following terms:

*The immediate extension of the expiry date must be for a fix term of no longer than 5 years; and

*In terms of Schedule 14 of the JSE Listings Requirements, the amendment to the expiry date of the Scheme, must be subject to shareholder approval which will be sought at the next annual general meeting of the Company scheduled for 26 May 2016. If the amendment is not approved by shareholders at the annual general meeting, the options will be deemed to expire one week following the date of the said annual general meeting.



The extension of the expiry date of the options does not result in a change to the strike price or any other salient terms of the Scheme.
21-Aug-2015
(C)
Revenue fell to R5.1 billion (2014: R8.2 billion), operating profit before interest and taxation lowered to R284.5 million (2014: R350.9 million), while profit attributable to ordinary shareholders dropped to R303.2 million (2014: R693.7 million). Furthermore, headline earnings per share weakened to 43.6 cents per share (2014: 52 cents per share).



Ordinary dividend

Notice is hereby given that an interim gross dividend of 13.6 cents per ordinary share (2014: 13.6 cents) has been declared out of income reserves for the six-month period ended 30 June 2015.



Preference dividend

Notice is hereby given that a gross interim dividend of 404.0 cents per cumulative, non-redeemable, non-participating and non-convertible preference share (2014: 389.0 cents) has been declared out of income reserves for the six-month period ended 30 June 2015.



Prospects

Grindrod, with its ungeared balance sheet, is well positioned to develop key capital projects and to further capitalise on opportunities. Current depressed commodity prices and dry-bulk shipping rates, although off their recent lows, will continue to put pressure on earnings in the near term.
29-Jul-2015
(Official Notice)
Shareholders are advised that headline earnings for the six month period ended 30 June 2015 are expected to be between R320.6 million and R333.4 million (2014: R320.6 million) which is an increase of between 0% and 4% and earnings are expected to be between R319.1 million and R291,4 million (2014: R693.7 million) which is a decrease of between 54% and 58%.



Headline earnings were positively impacted by strong Tanker and Ship Operating earnings offsetting the weak Drybulk Shipping market. Earnings include stronger performance from the Logistics businesses, which partially offset the impact of the weak commodity markets on the Terminals and Rail businesses.



The decline in earnings per share is attributed to the profit that was recognised in the prior period as a consequence of the acquisition of the minority interests in the BEE joint ventures.



During the prior period the company issued 161.3 million shares and therefore applied a weighting based on the timing of the issue. The current period reflects the full impact of the additional shares in issue, increasing the weighted average number of shares by 22%.



As a consequence of the above, Grindrod expects its headline earnings per share for the six month period ended 30 June 2015 to be between 44.7 and 42.6 cents per share (2014: 52.0 cents per share) which is a decrease of between 14% and 18% and its earnings per share to be between 42.8 and 38.3 cents per share (2014: 112.5 cents per share) which is a decrease of between 62% and 66%.



Grindrod will release its interim results to 30 June 2015 on 21 August 2015 and will be holding an investor presentation in Johannesburg on that day.
18-Jun-2015
(Media Comment)
According to Financial Mail, Grindrod has gradually turned its attention to infrastructure, and has become a big investor in assets such as ports and rail. CEO Alan Olivier says one of the company's biggest projects is a dredging operation to make Maputo Port more competitive and efficient. The group has a 25.5% stake in the port and is evolving from being mainly s a shipping business to a full logistics and freight solutions provider.



Grindrod says it continues to invest in assets and opportunities, with a specific focus on dry bulk and bulk liquid commodities as well as containerised cargo and vehicles. Among Grindrod's main projects is increasing the capacity at the Richards Bay coal terminal in Kwazulu Natal, in which it has a 49.9% stake. This is expected to be finished by the end of the year.
27-May-2015
(Official Notice)
Shareholders are hereby advised that at the annual general meeting of shareholders of the company held Wednesday, 27 May 2015, all the proposed ordinary and special resolutions, as set out in the notice of annual general meeting contained in the Integrated Annual Report which was posted to shareholders on 8 April 2015, were passed by the requisite majority of shareholders present and voting, in person or by proxy, with the exception of special resolution 3.5, a preference shareholders resolution which was not passed due to the required quorum not being achieved.
08-Apr-2015
(Official Notice)
Shareholders are advised that the company?s annual financial statements for the year ended 31 December 2014 are available on the company?s website and are unchanged from the audited results which were published on SENS on 25 February 2015. The 2014 integrated annual report, posted on 8 April 2015 is also available on the company?s website on www.grindrod.co.za.



AGM notice

Notice is hereby given that the annual general meeting of the company will be held in the boardroom, 1st Floor, Quadrant House, 115 Margaret Mncadi Avenue, Durban on Wednesday, 27 May 2015 at 14h00, to transact business as stated in the notice of the annual general meeting. The notice of annual general meeting forms part of the integrated annual report. The record date of shareholders to be recorded as such in the securities register of the company in order to be able to attend, participate and vote at the annual general meeting is Friday, 22 May 2015. The last date to trade to be able to attend, participate and vote at the annual general meeting is Friday, 15 May 2015.
25-Feb-2015
(Official Notice)
On 28 May 2014, the shareholders of Grindrod approved a special resolution authorising the board of directors of Grindrod (?the Board?) to provide financial assistance to related and inter-related companies.



The Board has, pursuant to the above authorisation at a board meeting held on 25 February 2015, 28 May 2014, 20 August 2014 and 26 November 2014 and in accordance with section 45 of the Act, resolved to provide guarantees to related and inter-related companies, to secure the banking facilities required by such companies.



The total financial assistance provided to related and inter-related companies in terms of resolutions passed by the Board during the current financial year exceeds one-tenth of one percent of Grindrod?s net worth.
25-Feb-2015
(C)
Revenue for the year decreased to R13.9 billion (R15.7 billion) while EBITDA increased to R1.2 billion (R886.7 million). Operating profit before interest and taxation increased to R618.9 million (R423.6 million). However, profit for the year attributable to ordinary shareholders declined to R1.1 billion (R1.2 billion). Furthermore, headline earnings per share decreased to 107.5 cents per share (118.7 cents per share).



Dividends

Preference dividend

Notice is hereby given that a gross final dividend of 409.0 cents per cumulative, non-redeemable, non participating and non-convertible preference share (2013: 377.0 cents) has been declared out of income reserves for the year ended 31 December 2014.



Ordinary dividend

Notice is hereby given that a gross final dividend of 20.0 cents per ordinary share (2013: 17.1 cents) has been declared out of income reserves for the year ended 31 December 2014.



Prospects

Grindrod is well positioned to further capitalise on opportunities using its extensive experience in the logistics value chain, respected brand and shareholder support. Current depressed commodity prices and shipping rates will continue to put pressure on earnings in the near term.
17-Feb-2015
(Official Notice)
In accordance with paragraph 3.4(b) of the Listings Requirements of the JSE Ltd., a company is required to publish a trading statement as soon as it becomes aware, with a reasonable degree of certainty, that the financial results for the next period to be reported on are likely to vary by more than 20% from the previous corresponding period.



Shareholders are advised that headline earnings for the twelve month period ended 31 December 2014 is expected to be between R715,8 million and R750,9 million which is an increase of between 2% and 7% (2013: R701,8 million). As a result of the realisation of a large foreign currency translation reserve in the prior year, earnings for the period to 31 December 2014 is expected to be between R1 024 million and R965 million which is a decrease of between 13% and 18% (2013: R1 177 million).



During the year the company increased the number of issued shares by 27% to 751 million and consequently weighted average number of issued shares increased by 15% to 678 million.



As a consequence of the share issue Grindrod expects its headline earnings per share for the twelve month period ended 31 December 2014 to be between 110,4 and 104,5 cents per share which is a decrease of between 7% and 12% (2013:118,7 cents per share) and its earnings per share to be between 153,3 and 143,4 cents per share which is a decrease of between 23% and 28% (2013: 199,1 cents per share).



The information contained in this trading statement has not been reviewed nor reported on by the company?s external auditors.



Grindrod will release its final results to 31 December 2014 on 25 February 2015 and will be holding investor presentations in Johannesburg 25 February 2015, Cape Town 26 February 2015 and Durban 27 February 2015.
05-Feb-2015
(Media Comment)
Business Day reports that Grindrod will continue with its expansion of a coal terminal near Richards Bay. RBTGrindrod Terminals executive director Bongani Biyela said that Grindrod will add 4.5 million tonnes a year, expanding to 20 million tonnes in the second phase.
28-Nov-2014
(Official Notice)
Shareholders are advised of the appointment of Ms Tantaswa Fubu as independent non-executive director and member of the Audit committee effective 27 November 2014. Tantaswa is currently the Executive Head of People and Transformation at KPMG and the national president of the Association for the Advancement of Black Accountants of Southern Africa and is a chartered accountant and holds various other academic qualifications.
27-Nov-2014
(Official Notice)
Shareholders are advised that Mr Mike Groves has retired as non-executive director of Grindrod effective 26 November 2014. Mike was appointed to the board on 19 August 1986 and was the Chairman of the audit committee and member of the Remuneration and Nomination committee. He is also a non-executive director of Grindrod Bank Ltd.
13-Nov-2014
(Media Comment)
Business Day reports that Grindrod is satisfied with the performance of its banking unit and is not looking actively for a buyer after the Bidvest Group deal was abandoned. Grindrod CEO Alan Olivier said " We are very comfortable with Grindrod Bank. It's doing very well."
16-Oct-2014
(Official Notice)
Grindrod and The Bidvest Group Ltd. ("Bidvest") ("the Parties") would like to refer shareholders to their previous announcement that Grindrod had received an unsolicited offer from Bidvest for the purchase of Grindrod Bank.



Grindrod and Bidvest have failed to reach final agreement for the purchase and have agreed to discontinue the discussions. The reason for this is that Bidvest has been unable to satisfy itself as to the potential reputational impact from recent negative publicity relating to the SASSA contract. Grindrod is comfortable that the issues raised in the press do not pertain to Grindrod Bank's role in the contract.



Bidvest wished to note that no problems were identified in the course of its due diligence process of Grindrod Bank which caused the parties to terminate discussions. Grindrod will continue its strategy to grow Grindrod Bank's business, with a number of strategic alternatives and capital support, for the benefit of Grindrod's stakeholders.
15-Sep-2014
(Official Notice)
It is with great sadness that Grindrod advised of the passing of the company's dear colleague and friend, Captain Dave Rennie on the 12th of September 2014. Dave joined the group in 1978, held various positions and directorships within the group and was appointed as director to the Grindrod board in 2002.
21-Aug-2014
(C)
Revenue from continuing operations for the interim period shot up to R4.371 billion (2013: R3.637 billion). Operating profit before interest and taxation lowered to R258.7 million (2013: R266.6 million), while net profit for the period attributable to owners of the parent increased to R722.5 million (2013: R560.6 million). Furthermore, headline earnings per share from continuing operations dropped to 44.9 cents per share (2013: 76.3 cents per share).



Preference dividend

An interim gross dividend of 389 cents per cumulative, non-redeemable, non-participating and non-convertible preference share (H1 2013: 371 cents) has been declared for the six-month period ended 30 June 2014, payable to preference shareholders in accordance with the timetable below.



Ordinary dividend

An interim gross dividend of 13.6 cents per ordinary share (H1 2013: 20 cents) has been declared out of income reserves for the six-month period ended 30 June 2014, payable to ordinary shareholders in accordance with the timetable below.



Prospects

Grindrod is well positioned to further capitalise on its opportunities using its extensive experience in the logistics value chain, respected brand and shareholder support. Current depressed shipping rates will put pressure on earnings in the near term.
01-Aug-2014
(Official Notice)
Shareholders are advised that Grindrod expects its earnings per share (EPS) for the six month period ended 30 June 2014 to increase by between 25% and 30% (2013: 90,2 cents per share) and headline earnings per share (HEPS) to decrease by between 30% and 35% (2013: 76,2 cents per share).



The increase in EPS is attributed to the fair value that is required to be raised as a consequence of the acquisition of the shares in the BEE joint ventures. The decrease in HEPS is due to the continued depressed shipping markets, the impact of the industrial action in South Africa and closure of the commodity trading business.



Grindrod will release its interim results to 30 June 2014 on 21 August 2014 and will be holding an investor presentation in Johannesburg on that day.
18-Jun-2014
(Official Notice)
28-May-2014
(Official Notice)
Grindrod shareholders are advised that at the annual general meeting of shareholders held on 28 May 2014, the requisite majority of shareholders passed the ordinary and special resolutions as set out in the notice of meeting included in the 2013 integrated annual report, which was posted to shareholders on 28 March 2014.
27-May-2014
(Official Notice)
Shareholders of Grindrod Ltd (Grindrod) are referred to the announcement released on the Stock Exchange News Service of the JSE Limited on Tuesday, 13 May 2014, (the "Claw-back Offer Announcement") setting out the terms of a claw-back offer of Grindrod shares to Qualifying Grindrod Shareholders (the Claw-back Offer). Capitalised terms not defined in this announcement shall have the meanings given to them in the Claw-back Offer Announcement.



Results of the Claw-back Offer

The Claw-back Offer closed on Friday, 23 May 2014.

Remgro and Grindrod Investments are pleased to announce that Qualifying Grindrod Shareholders accepted the Claw-back Offer in respect of a total of 5,307,691 Claw-back Offer Shares at the Claw-back Offer price of R25.00 per share, together with the Securities Transfer Tax (STT) payable thereon, for a total purchase consideration of approximately R133 million. More than 15,000 valid acceptances were received.



Settlement of the Claw-back Offer

CSDP or broker accounts in respect of dematerialised Qualifying Grindrod Shareholders will be credited with validly purchased Claw-back Offer Shares and debited with the aggregate purchase price due (together with the STT payable thereon) on Tuesday, 3 June 2014. Share certificates in respect of validly purchased Claw-back Offer Shares will be posted to certificated Qualifying Grindrod Shareholders on or about Tuesday, 3 June 2014.
13-May-2014
(Official Notice)
Grindrod shareholders are referred to the announcement released on the Stock Exchange News Service earlier this morning by Remgro Ltd. and Grindrod Investments (Pty) Ltd. regarding a claw-back offer to qualifying Grindrod minority shareholders ("Claw-back Offer").



The announcement sets out all the relevant information for the Claw-back Offer, including the final terms of the Claw-back Offer, the qualifying criteria for participation in the Claw-back Offer, the salient dates and times for the Claw-back Offer and the procedures for acceptance and payment of the Claw-back Offer.
09-May-2014
(Official Notice)
Shareholders are referred to the announcement released on SENS on Thursday, 8 May 2014 regarding an accelerated bookbuild offering to qualifying investors ("Bookbuild").



Grindrod announced that it has successfully priced and closed the Bookbuild.



The Bookbuild was significantly oversubscribed and, in light of the very strong demand, the Bookbuild was upsized to R2.4 billion. 96 million new Grindrod ordinary shares ("Bookbuild Shares") were placed with qualifying investors at a price of R25.00 per Bookbuild Share.



The issue price represents a discount of 1.6% to the closing price of Grindrod shares on Thursday, 8 May 2014.



Subject to approval by the JSE Ltd. ("JSE"), listing and trading of the Bookbuild Shares is expected to commence at 09h00 on Friday, 16 May 2014.
08-May-2014
(Official Notice)
Grindrod announces the launch of an offering of new ordinary shares ("Bookbuild Shares") to raise approximately R2.0 billion through an accelerated bookbuild offering ("Bookbuild") to qualifying investors ("Bookbuild"). The company reserves the right to increase the size of the Bookbuild, subject to demand.



The proceeds of the Bookbuild are intended to be used primarily for the development of port, terminal and rail capacity as well as further investment within the agriculture sector.



Terms of the Bookbuild

The Bookbuild is offered through an accelerated bookbuild process to qualifying investors only and does not constitute nor is it intended to constitute an offer to the public to purchase or subscribe for any shares.



The initial price range at which the Bookbuild Shares are being offered is R24.50 to today's closing price.



The book for the Bookbuild is open with immediate effect and is expected to close today (Thursday, 8 May 2014). Pricing and allocations will be announced as soon as practicable following the closing of the book. Listing and trading of the Bookbuild Shares on the JSE Ltd. is expected to commence on Friday, 16 May 2014.



Shareholder commitments

Remgro Ltd. ("Remgro"), through Industrial Partnership Investments (Pty) Ltd., has undertaken to submit an order of R800 million into the book of demand at the clearing price of the Bookbuild. The Grindrod family, through Grindrod Investment (Pty) Ltd. ("Grindrod Investments"), has undertaken to submit an order of R250 million into the book of demand at the clearing price of the Bookbuild.



The allocations to Remgro and the Grindrod Investments are not guaranteed and their orders will be scaled back in the event that the Bookbuild is over-subscribed.



Bookrunner

Rand Merchant Bank, a division of FirstRand Bank Ltd., is acting as bookrunner for the Bookbuild. For further information, please contact Chris Meyer on +27 (0)11 282 8286.
30-Apr-2014
(Official Notice)
Grindrod shareholders are referred to the announcement released on SENS on 8 April 2014 and to the circular issued to Grindrod shareholders on 28 March 2014, relating, inter alia, to the proposed equity capital raising that will lead to the total issue of Grindrod shares of up to R4.0 billion, with net cash proceeds to Grindrod of up to R3.0 billion, the acquisition of BEE interests in Grindrod subsidiaries and a new BEE transaction at listed company level. At the general meeting of Grindrod shareholders held today, 30 April 2014, all the special and ordinary resolutions proposed, were passed by the requisite majority of votes.
08-Apr-2014
(Official Notice)
28-Mar-2014
(Official Notice)
28-Mar-2014
(Official Notice)
Shareholders are advised that the company?s annual financial statements for the year ended 31 December 2013 are available on the company?s website and are unchanged from the audited results which were published on SENS on 25 February 2014. The 2013 integrated annual report, posted on 28 March 2014 is also available on the company?s website on www.grindrod.co.za.



Notice is hereby given that the annual general meeting of the company will be held in the boardroom, 1st Floor, Quadrant House, 115 Margaret Mncadi Avenue, Durban on Wednesday, 28 May 2014 at 14h00, to transact business as stated in the notice of the annual general meeting. The notice of annual general meeting forms part of the integrated annual report.



The record date of shareholders to be recorded as such in the securities register of the Company in order to be able to attend, participate and vote at the annual general meeting is Friday, 23 May 2014. The last date to trade to be able to attend, participate and vote at the annual general meeting is Friday, 16 May 2014.

28-Mar-2014
(Media Comment)
Business Day reported that Grindrod's diesel-electric locomotive, which the group claims is the cheapest in the world, could position Grindod as a competitor to Transnet and rival manufacturers such as General Electric and Electro-Motive Diesel. Grindrod owns 51% of RRL Grindrod Locomotives. RRL Grindrod Locomotives CEO, Robert Spoon, said that its locomotives "were consistently priced better than other original equipment manufacturers." The company says that its locomotives were as much as 30%-50% cheaper than market prices.
27-Feb-2014
(Official Notice)
On 29 May 2013, the shareholders of Grindrod approved a special resolution authorising the board of directors of Grindrod ("the board") to provide financial assistance to related and inter-related companies.



The board has, pursuant to the above authorisation at a board meeting held on 25 February 2014 and in accordance with section 45 of the Act, resolved to provide guarantees to related and inter-related companies, to secure the banking facilities required by such companies.



The total financial assistance provided to related and inter-related companies in terms of resolutions passed by the board during the current financial year exceeds one-tenth of one percent of Grindrod?s net worth.
27-Feb-2014
(C)
Revenue for the year decreased to R15.7 billion (R27.3 billion) and EBITDA declined to R886.7 million (R929.9 million). Operating profit before interest and taxation lowered to R423.6 million (R517.5 million). However, profit for the year attributable to ordinary shareholders jumped to R1.2 billion (R836.7 million). Furthermore, headline earnings per share rose to 118.7 cents per share (102.6 cents per share).



Final dividend

Preference dividend

Notice is hereby given that a gross final dividend of 377.0 cents per cumulative, non-redeemable, non-participating and non-convertible preference share (379.0 cents) has been declared out of income reserves for the year ended 31 December 2013, payable to preference shareholders in accordance with the timetable.



Ordinary dividend

Notice is hereby given that a gross final dividend of 17.1 cents per ordinary share (15.4 cents) has been declared out of income reserves for the year ended 31 December 2013, payable to ordinary shareholders in accordance with the timetable.



Prospects

Grindrod is well positioned to further capitalise on its well-developed opportunities using its extensive experience in the logistics value chain, respected brand and shareholder support.
10-Feb-2014
(Official Notice)
Shareholders are advised that Grindrod expects its earnings per share (EPS) and headline earnings per share (HEPS) for the twelve month period ended 31 December 2013 to increase by between 35% and 45% (2012: 141,8 cents per share) and 12% and 18% (2012: 102,6 cents per share) respectively.



The increase in EPS is attributed to an increase in operating earnings and the recognition of foreign currency translation reserves on cessation of certain offshore operations due to restructuring. This increase is partially offset by a goodwill impairment in the agricultural commodities business. The information contained in this trading statement has not been reviewed nor reported on by the company?s external auditors.



Grindrod will release its final results to 31 December 2013 on 27 February 2014 and will be holding investor presentations in Johannesburg (27 February 2014), Cape Town (28 February 2014) and Durban (3 March 2014).

23-Sep-2013
(Media Comment)
Business Day reported that Grindrod made a second investment into agri-business, acquiring a 20% stake in Lichtenburg-based co-op NWK. Earlier to this transaction, the group also bought a 20% stake in Senwes. An analyst said this was a strategic move by the group as this would support the more prominent freight services and shipping divisions and also benefit from diversification. Grindrod is better able to consolidate its position in the industry and would be important in maintaining the volumes that go through their shipping operations.
02-Sep-2013
(Official Notice)
On 29 May 2013, the shareholders of Grindrod approved a special resolution authorising the board of directors of Grindrod ("the Board") to provide financial assistance to related and inter- related companies. The Board has, pursuant to the above authorisation at a board meeting held on 30 August 2013 and in accordance with section 45 of the Act, resolved to provide guarantees to related and inter-related companies, to secure the banking facilities required by such companies. The total financial assistance provided to related and inter- related companies in terms of resolutions passed by the Board during the current financial year exceeds one-tenth of one percent of Grindrod's net worth.
02-Sep-2013
(C)
Revenue for the interim period plunged to R7 billion (2012: R18.8 billion). Earnings before interest, taxation, depreciation and amortisation lowered to R535.4 million (2012: R546.7 million), while operating profit before interest and taxation dropped to R317 million (2012: R350 million), and profit for the period attributable to ordinary shareholders weakened to R533.2 million (2012: R608.4 million). Furthermore, headline earnings per share grew to 76.2cps (2012: 58.9cps).



Dividend

An interim ordinary dividend of 20cps (2012: 17.5cps) has been declared.



Change in directorate

As a result of his relocation to Shanghai, Mr PJ Liddiard (as alternate to Mr JJ Durand) resigned from the board on 29 August 2013. Mr PJ Uys was appointed to the board as alternate to Mr JJ Durand with effect from 30 August 2013.
22-Aug-2013
(Official Notice)
Shareholders were advised that Grindrod expects its headline earnings per share (HEPS), for the six month period ended 30 June 2013, to increase by between 25% to 35% (30 June 2012 HEPS: 58.9 cents restated) and earnings per share (EPS) for the six month period ended 30 June 2013, to decrease by between 5% and 15% (30 June 2012 EPS: 103.1 cents per share).



The new Headline Earnings Circular 2/2013 was issued on 15 August 2013. This required the restatement of the 30 June 2012 HEPS to exclude the compensation for impairment of Ocean Africa Container Lines (Pty) Ltd. This restatement resulted in the HEPS increasing over the prescribed 20% level, requiring disclosure. The decrease in EPS is mainly due to the inclusion of the profit on the sale of 35% of the Maputo coal terminal in the comparative June 2012 results.



Grindrod will release its interim results for the six months ended 30 June 2013 on 2 September 2013.
29-May-2013
(Official Notice)
Grindrod shareholders were advised that at the annual general meeting of shareholders held today, the requisite majority of shareholders, passed the ordinary and special resolutions as set out in the notice of meeting included in the 2012 integrated annual report, which was posted to shareholders on 3 April 2013.
15-Apr-2013
(Media Comment)
According to Business Report, Grindrod and the Maputo Port Development Company (MPDC) are looking to invest USD1.7 billion over a period of five years to improve ports in Mozambique as demand increases. The MPDC confirmed that the annual capacity at the Maputo and Matola ports would be tripled to 50 million tons by 2020 from the current 15 tons.
03-Apr-2013
(Official Notice)
Shareholders are advised that the company's annual financial statements for the year ended 31 December 2012, are available on the company's website and are unchanged from the audited results which were published on SENS on 27 February 2013. The 2012 integrated annual report, posted on 3 April 2013 is also available on the company's website on www.grindrod.co.za.



Notice of AGM

Notice is given that the annual general meeting of the company will be held in the boardroom, 1st Floor, Quadrant House, 115 Margaret Mncadi Avenue, Durban on Wednesday, 29 May 2013 at 14h00, to transact business as stated in the notice of the annual general meeting. The notice of annual general meeting forms part of the integrated annual report.



The record date of shareholders to be recorded as such in the securities register of the Company in order to be able to attend, participate and vote at the annual general meeting is Friday, 24 May 2013. The last date to trade to be able to attend, participate and vote at the annual general meeting is Friday, 17 May 2013.
27-Feb-2013
(C)
Revenue for the year dropped 24% to R27.3 billion (R35.9 billion) whilst operating profit before interest and taxation lowered to R541.4 million (R642.6 million). Profit attributable to owners of the parent shot up to R910.6 million (R584.2 million). Furthermore, headline earnings per share grew 22% to 121.9cps (99.6cps).



Dividend

Preference dividend

Notice was given that a gross final dividend of 379.0 cents per cumulative, non-redeemable, non-participating and non-convertible preference share (363.0 cents) has been declared for the year ended 31 December 2012.



Ordinary dividend

Notice was given that a gross final dividend of 15.4 cents per ordinary share (12.0 cents) has been declared for the year ended 31 December 2012.



Prospects

Grindrod is well positioned for growth, however drybulk shipping markets are likely to remain under pressure which will continue to impact the shipping earnings.
26-Feb-2013
(Official Notice)
Grindrod shareholders are advised that the final results for the twelve months ended 31 December 2012, are expected to be released on 27 February 2013. Grindrod is holding a final results presentation in Johannesburg, Cape Town and Durban as follows:

* Johannesburg - 27 February 2013 at 10h00

* Cape Town - 28 February 2013 at 10h00

* Durban - 1 March 2013 at 11h00



Analysts and investors are able to link up via live conference call on 27 February 2013. A copy of the presentation will be posted on the Grindrod website www.grindrod.co.za on 27 February 2013.
01-Feb-2013
(Official Notice)
Shareholders are advised that Grindrod expects its earnings per share (EPS) and headline earnings per share (HEPS) for the twelve month period ended 31 December 2012 to increase by between 25% and 35% (2011: 111 cents per share) and 15% and 25% (2011: 99.6 cents per share) respectively. Grindrod will release its final results to 31 December 2012 on 27 February 2013 and will be holding investor presentations in Johannesburg (27 February 2013), Cape Town (28 February 2013) and Durban (1 March 2013).
16-Jan-2013
(Official Notice)
Shareholders were advised that Mr Craig Anthony Struan Robertson has resigned as company secretary of Grindrod Ltd., to pursue other interests. Mrs Catherina Isabella Lewis will assume the position of company secretary, effective 1 February 2013. Cathie joins Grindrod with a number of years of experience in a listed company environment. She is an admitted attorney of the High Court. To ensure a smooth transition, Craig Robertson will only exit the group on 31 March 2013.
28-Nov-2012
(Official Notice)
The board of directors of Grindrod announced the appointment of Alf Cato Brahde and Grant Glenn Gelink as independent non-executive directors effective 1 January 2013. In addition, Bongiwe Ntuli has been appointed as a member of the group executive committee in the position of Executive: Corporate Services with effect from 1 December 2012
26-Oct-2012
(Official Notice)
22-Aug-2012
(C)
Revenue increased by 9% to R18.8 billion (R17.3 billion). EBITDA rose by 8% to R546.7 million (R504.1 million) and operating profit before interest and taxation was up 2% to R350 million (R341.9 million). Net attributable profit soared by 119% to R608.4 million (R277.4 million).In addition, headline earnings per share grew 25% to 69.4c (55.7cps).



Dividends

Notice was given that an interim gross dividend of 17.5c per ordinary share (17.5cps) has been declared for the six month period ending 30 June 2012, as well as an interim gross dividend of 395c per cumulative, non-redeemable, non-participating and non-convertible preference share (357cps).



Outlook

The group anticipates an increase in full year earnings in 2012.
19-Jun-2012
(Media Comment)
According to Business Day, Grindrod expanded its fuel business by finalising the purchase of a 75.5% interest in Botswana-based bulk liquid fuel transporter Petrologistics which will now trade as Grindrod Petrologistics. Petrologistics operates in Botswana under long-term contracts with customers such as Puma, Engen and Shell.
07-Jun-2012
(Official Notice)
Grindrod shareholders were advised that at the adjourned meeting of preference shareholders held on 7 June 2012, the special resolution proposed at the meeting was approved by the requisite majority of votes.
31-May-2012
(Official Notice)
Shareholders are advised of the following changes to the board/executive team of Grindrod:

* Tony Stewart, has resigned effective 31 May 2012 as executive director of Grindrod and chief executive of the Trading Division of Grindrod, to pursue other interests;

* Wayne Hartmann will assume the position of chief executive of the Trading division of Grindrod, effective 01 June 2012.

Tony Stewart will not be immediately replaced on the Grindrod board and will remain with the group until 30 June 2012 to ensure a smooth transition.
30-May-2012
(Official Notice)
Grindrod shareholders are advised that at the annual general meeting of shareholders held on Wednesday, 30 May 2012, the requisite majority of ordinary shareholders, passed the resolutions tabled, as set out in the notice of meeting included in the 2011 integrated annual report, which was posted to shareholders on 19 April 2012. Resolutions 1.3 and 1.4 were withdrawn, following the untimely death of Mr MH Visser. Holders of preference shares are advised that the quorum for the meeting of preference shareholders of the company was not obtained and the meeting has been adjourned to Thursday, 7 June 2012 at 14h00. The adjourned meeting will be held in the boardroom, 1st Floor, Quadrant House, 115 Margaret Mncadi Avenue, Durban.
30-May-2012
(Official Notice)
Shareholders are advised that Grindrod expects that earnings and earnings per share for the half year to 30 June 2012 will be affected by the following material events:

* The profit of R415 million on the disposal of 35% of Grindrod's investment in the Maputo Coal Terminal

* The specific issue of 133 million ordinary shares on 31 October 2011 which increased issued shares by 28% resulting in a dilutionary effect on earnings and headline earnings per share in the current period.

* The impairment of ship values by R131 million due to the continued weakness in shipping markets.



As a consequence, basic earnings will reflect an increase of between 100% to 110% and basic earnings per share are expected to increase by between 55% and 65% for the six month period ending 30 June 2012. Headline earnings will reflect an increase of between 10% and 15% and headline earnings per share are expected to decrease by between 10% and 20% for the six month period ending 30 June 2012, Basic earnings and headline earnings for the corresponding period in 2011 were R277 million (60.8 cents per share) and R254 million (55.7 cents per share) respectively. Grindrod will release its interim results to 30 June 2012 on or about 22 August 2012.
11-May-2012
(Official Notice)
Following the untimely death of MH Visser on 26 April 2012, the board of directors of Grindrod announces the appointment of Jan Jonathan Durand as a non-executive director of the company and Peter John Liddiard as his alternate, with effect from 9 May 2012.
30-Apr-2012
(Official Notice)
The chairman and board of directors of Grindrod Limited are deeply saddened by the tragic death of Thys Visser, a non-executive director of the company on 26 April 2012. The board extends its condolences to the Visser family and wish them much strength during this difficult time.
19-Apr-2012
(Official Notice)
Shareholders are advised that the company's annual financial statements for the year ended 31 December 2011, are available on the company's website and are unchanged from the audited results which were published on SENS on 29 February 2012. The 2011 integrated annual report, posted on 19 April 2012 is also available on the company's website on www.grindrod.co.za. Notice was given that the annual general meeting of the company will be held in the boardroom, 1st Floor, Quadrant House, 115 Margaret Mncadi Avenue, Durban on Wednesday, 30 May 2012 at 14h00, to transact business as stated in the notice of the annual general meeting. The notice of annual general meeting forms part of the integrated annual report.
27-Mar-2012
(Official Notice)
Grindrod has agreed to sell a 50% interest in Cockett Marine Oil (Cockett) to Vitol, the largest independent energy trading business in the world. The consideration amount is undisclosed and the transaction is subject to competition commission approval. Cockett is one of the leading value added resellers and physical marine fuel suppliers in the world with a network of offices across Europe, Americas and Far East providing a global service to shipping clients. Cockett is developing a network of physical supply operations in strategic locations delivering approximately five million tonnes of marine fuels annually at competitive prices whilst guaranteeing quality of service and product. This announcement follows the finalisation of the agreement effective 1 January 2012 in which Vitol will acquire from Grindrod a 35% interest in the company which owns the Maputo coal terminal concession. In addition Vitol and Grindrod announced their intention to combine their respective sub Saharan coal trading businesses (65% Vitol / 35% Grindrod).
29-Feb-2012
(C)
Revenue increased by 22% to R35.9 billion (R29.4 billion) for the twelve months to 31 December 2011. EBITDA declined by 15% to R1 billion (R1.2 billion) and operating profit before interest and taxation decreased by 28% to R642.6 million (R887.3 million). Profit for the year attributable to ordinary shareholders declined by 32% to R531 million (R780.3 million). In addition, headline earnings per share fell by 41% to 99.6cps (167.7cps).



Dividends

A final dividend of 12cps (2010: 27cps) has been declared. In addition, a final preference dividend of 363 cents per cumulative, non- redeemable, non-participating and non-convertible preference share (2010: 386cps) has been declared.



Prospects

The group anticipates an increase in earnings in 2012 despite uncertainty in the shipping markets. The investment in strategic infrastructure, from a strong financial base, supports the goal of sustainable longer-term growth for shareholders
28-Feb-2012
(Official Notice)
Grindrod Ltd. shareholders are advised that the final results for the twelve months ended 31 December 2011, are expected to be released on 29 February 2012. Grindrod is holding a final results presentation in Johannesburg on Wednesday, 29 February 2012 at 10h00.



Analysts and investors are able to link up via live conference call using one of the following numbers:

Local

*Johannesburg: +27 11 535 3600

*Durban : +27 31 812 7600

*Cape Town : +27 21 819 0900



International: +27 11 535 3600



Playback access number : +27 11 305 2030 Code 19786#



A copy of the presentation will be posted on the Grindrod website www.grindrod.co.za.
30-Nov-2011
(Official Notice)
In accordance with section 122 of the Companies Act, 71 of 2008, shareholders are advised that Grindrod has received notice from Industrial Partnership Investments Ltd ("Remgro group") that it has acquired further ordinary shares in the Company, resulting in its shareholding in Grindrod increasing to 20.5%.

24-Nov-2011
(Media Comment)
Business Day reported that Grindrod aims to almost double coal-handling capacity at the Matola terminal in Mozambique to 4.5 million tons. Grindrod's commercial executive, Craig Grinyer, said that the terminal currently handled 2.65 million tons at present.
17-Nov-2011
(Official Notice)
The board of directors of Grindrod announced that Martyn Wade, chief executive of the shipping division has been appointed as an executive director of the company with effect from 16 November 2011. Martyn is based in Singapore.
01-Nov-2011
(Official Notice)
Grindrod and Remgro Ltd ("Remgro") shareholders were referred to the joint announcement published by Grindrod and Remgro on Tuesday, 20 September 2011 and to the circular to Grindrod shareholders dated Monday, 26 September 2011 ("circular"), relating to, inter alia, the subscription by Remgro for up to 133 333 334 new ordinary shares ("subscription shares") in the share capital of Grindrod ("transaction") and the non-renounceable offer made by Remgro ("Remgro offer") to Grindrod ordinary shareholders (excluding Grindrod ordinary shareholders who are prohibited by the laws of any foreign jurisdiction from receiving or accepting the offer by Remgro) registered as such on Friday, 21 October 2011 ("qualifying Grindrod shareholders") and the further announcements published by Grindrod on 26 September 2011 and 24 October 2011.



Fulfilment of conditions precedent

All the conditions precedent to the subscription agreement entered into between Grindrod and Remgro, as set out in the circular, have been fulfilled.



Results of the Remgro offer

Pursuant to the Remgro offer, which closed on Tuesday, 25 October 2011, qualifying Grindrod shareholders subscribed for 24 463 700 subscription shares or 4.1% of the post issue ordinary share capital of Grindrod. Accordingly, Remgro has subscribed for 108 869 634 subscription shares or 18.2% of the post issue ordinary share capital of Grindrod. Remgro now holds 115 278 498 Grindrod ordinary shares, equivalent to 19.3% of the post issue ordinary share capital of Grindrod. This includes 6 408 864 Grindrod ordinary shares acquired by Remgro in the open market.



Board representation

Grindrod shareholders are advised that Mr Matthys Hendrik Visser has been appointed to the board of directors of Grindrod as a non-executive director with effect from 31 October 2011. Mr Jan Jonathan Durand has been appointed as alternate non-executive director to Mr Visser. In terms of Grindrod's Memorandum of Incorporation, the appointments of Messrs Visser and Durrand will have to be confirmed at Grindrod's next annual general meeting.



Disclosure of beneficial interests in Grindrod securities

Further to the subscription by Remgro for the subscription shares, Remgro has formally notified Grindrod of its beneficial interest in the securities of the company as required in terms of section 122(1) of the Companies Act, No 71 of 2008, as amended.
24-Oct-2011
(Official Notice)
Grindrod shareholders are referred to the joint announcement published by Grindrod and Remgro Ltd ("Remgro") on Tuesday, 20 September 2011, relating to, inter alia, the subscription by Remgro for 133 333 334 new ordinary shares ("subscription shares") in the share capital of Grindrod at a subscription price of R15.00 per subscription share ("transaction") and the non-renounceable offer made by Remgro ("Remgro offer") to Grindrod ordinary shareholders (excluding Grindrod ordinary shareholders who are prohibited by the laws of any foreign jurisdiction from receiving or accepting the offer by Remgro) registered as such on Friday, 21 October 2011 ("qualifying Grindrod shareholders") and the further announcement published by Grindrod on Monday, 26 September 2011.



Results of general meeting

At the general meeting of Grindrod shareholders held at 10h00 on Monday, 24 October 2011 the ordinary resolutions necessary to effect the transaction were approved by the requisite majority of Grindrod ordinary shareholders.



The Remgro offer

Qualifying Grindrod shareholders are reminded that forms of acceptance and payment instructions must be lodged with the company's transfer secretaries and payment of the subscription price must be received by no later than 17h00 on Tuesday, 25 October 2011, as set out in the Remgro form of acceptance and payment instruction attached to the circular distributed to Grindrod shareholders on Monday, 26 September 2011.
26-Sep-2011
(Official Notice)
20-Sep-2011
(Official Notice)
Grindrod and Remgro issued a joint announcement today regarding a proposed R2 billion capital injection into Grindrod to be implemented by way of a specific issue of new Grindrod ordinary shares for cash. In terms of the agreement between Grindrod and Remgro, Remgro will subscribe for 133 333 334 new Grindrod ordinary shares at a subscription price of R15.00 per share, an 8.8% premium to the unaffected 30 day VWAP. The new Grindrod ordinary shares represent approximately 22% of the enlarged ordinary share capital of Grindrod.



Remgro will make an offer to Grindrod`s existing shareholders allowing them to participate in the capital raising. Grindrod shareholders will be offered a non-renounceable right to subscribe for 28.6657 new Grindrod ordinary shares in Remgro`s stead for every 100 Grindrod ordinary shares held. To the extent that qualifying Grindrod shareholders accept the Remgro offer, the number of new Grindrod ordinary shares to be allotted and issued to Remgro will reduce on a share-for-share basis with any resultant fractions of ordinary shares being rounded up or down to the nearest whole number. The transaction remains subject to the fulfilment or waiver of a number of conditions precedent, including approval by a 75% majority vote of Grindrod shareholders in general meeting.

The transaction is in line with Grindrod`s communicated strategy to further diversify its portfolio of businesses and transform into an integrated logistics service provider. The group's ability to offer full end-to-end supply chain services is a key competitive advantage. In pursuit of this strategy, Grindrod is seeking to accelerate the group`s pipeline of strategic capital projects in Southern Africa. The transformational capital expenditure programme, which will require in excess of R10 billion over the next five years, will result in substantial investment in Grindrod`s strategically positioned ports and terminals capacity, in particular phase 4 of the Maputo Coal Terminal.
20-Sep-2011
(Official Notice)
09-Sep-2011
(Official Notice)
In accordance with the requirements of paragraph 3.59 of the Listing requirements of the JSE, shareholders should note that Ian Michael Groves has assumed the role of lead independent director with effect from 17 August 2011.
22-Aug-2011
(Official Notice)
Shareholders were advised that the company has entered into negotiations with a potential strategic partner and provider of growth capital ("Potential Strategic Partner") regarding a potential capital injection of up to R2 billion into Grindrod by way of a specific issue of new Grindrod ordinary shares for cash ("the Proposed Strategic Investment"). Shareholders were advised that the proposed issue price of any new Grindrod ordinary shares that would be issued in terms of the Proposed Strategic Investment will not be less than the 30 trading day volume weighted average price of Grindrod ordinary shares as at 19 August 2011. The Proposed Strategic Partner has indicated an intention to offer Grindrod ordinary shareholders the opportunity to acquire a pro-rata share of any new Grindrod ordinary shares issued in terms of the Proposed Strategic Investment at the proposed issue price immediately following implementation of the Proposed Strategic Investment. Whether or not negotiations are successfully concluded, the Proposed Strategic Investment may have a material effect on the price of the company's securities. Accordingly, shareholders were advised to exercise caution when dealing in the company's securities until a further announcement is made.
18-Aug-2011
(C)
Revenue increased by 19% to R17.8 billion (R14.9 billion). Trading profit rose by 14% to R589.1 million (R685.6 million), but operating profit before interest and taxation was down 23% to R406.6 million (R527.6 million). Net attributable profit declined by 36% to R277.4 million (R435.5 million). In addition, headline earnings per share fell by 42% to 55.7c (95.4cps).



Dividends

An ordinary interim dividend of 17.5cps has been declared. In addition, a preference dividend of 357c per preference share was also declared.



Outlook

The positive yet volatile global commodity demand is expected to continue which will provide opportunities for growth in the Freight Services and Trading businesses whilst the oversupply of ships, particularly in the drybulk sector, will continue to impact shipping earnings. Group results remain sensitive to the rand/US dollar exchange rate.
12-Aug-2011
(Official Notice)
Grindrod Limited stakeholders are advised that the interim results for the six months ended 30 June 2011 are expected to be released on or about 18 August 2011.



Grindrod is holding an interim results' presentation in Johannesburg on Thursday, 18 August 2011 at 10h00. Analysts and investors are able to link up via live conference call using one of the following numbers:

*Local : 011 581 2002

*International : +27 11 535 3600

A copy of the presentation will be posted on the Grindrod website www.grindrod.co.za.

21-Jul-2011
(Official Notice)
Grindrod shareholders are advised that at the Special General Meeting of shareholders held on 20 July 2011, the special resolution pertaining to the provision of financial assistance to companies or corporations which are related or inter-related to the company, as set out in the notice posted to shareholders on 9 June 2011, was duly approved by the requisite majority of Grindrod shareholders.
22-Jun-2011
(Official Notice)
Shareholders are referred to the announcement published on 28 March 2011, wherein, shareholders were advised of changes to the board and executive of Grindrod Limited. John Jones resignation from the board will now become effective on 30 June 2011, as he will be on leave until his retirement on 31 August 2011.
09-Jun-2011
(Media Comment)
The Financial Mail reported that Grindrod's most exciting asset is the company's concession at the Maputo and Matola ports in Mozambique. The port could earn Grindrod a return of between 18%-20% per annum. Dave Rennie, CEO of Grindrod Freight Services, says the company's share of the investment in the Maputo and Matola ports is USD140 million, out of a total USD225 million. The port needs a further capital injection of USD250 million until around 2016.
08-Jun-2011
(Media Comment)
Business Day highlighted that shipping and logistics group Grindrod plans to expands its Mozambican and South African coal terminals to meet growing demand for the export capacity from miners.Grindrod CEO Alan Olivier said any expansion would be subject to the availability of rail capacity linking mines in the Witbank and Waterberg regions with the ports.
31-May-2011
(Official Notice)
Shareholders are advised that Grindrod expects its earnings per share and headline earnings per share for the six month period ending 30 June 2011 to decrease by between 35% and 45% compared to the corresponding period of the previous year. This is as a result of weak shipping earnings and the stronger Rand/USD exchange rate. The performances of the other operating divisions are expected to be similar to the first half of 2010. Earnings and headline earnings per share for the six month period to 30 June 2010 were 95.8 cents and 95.4 cents respectively. Grindrod expects its earnings to improve in the second half of 2011 compared to the first half. Grindrod will release its interim results to 30 June 2011 on or about 18 August 2011.
26-May-2011
(Official Notice)
Grindrod shareholders were advised that at the annual general meeting held on Wednesday, 25 May 2011, the requisite majority of ordinary and preference shareholders respectively, passed the resolutions as set out in the notice included in the 2010 annual report, which was posted to shareholders on 12 April 2011.
12-Apr-2011
(Official Notice)
The company's annual financial statements for the year ended 31 December 2010, included in the annual report posted on 12 April 2011, are unchanged from the audited results which were published on SENS on 24 February 2011. The 2010 annual report is available on the company's website at www.grindrod.co.za.



The annual general meeting of the company will be held in the boardroom, 1st Floor, Quadrant House, 115 Margaret Mncadi Avenue, Durban on Wednesday, 25 May 2011 at 14h00, to transact the business as stated in the notice of the annual general meeting. The notice of annual general meeting forms part of the annual report.
28-Mar-2011
(Official Notice)
Shareholders wee advised of the following changes to the board/executive team of Grindrod:

*Laurence Stuart-Hill, executive director and Chief Executive of Shipping (Tankers) has resigned effective 30 June 2011 to pursue other interests;

*John Jones, executive director and Chief Executive of Logistics retires effective 31 August 2011

Laurence and John will not be immediately replaced on the Grindrod board.
24-Feb-2011
(C)
Revenue increased by 9% to R30.2 billion (R27.7 billion) for the twelve months to 31 December 2010. Trading profit declined by 9% to R1.3 billion (R1.4 billion) and operating profit before interest and taxation decreased by 16% to R964 million (R1.1 billion). Profit for the year attributable to ordinary shareholders declined by 11% to R780.3 million (R872.8 million). In addition, headline earnings per share fell by 12% to 167.6cps (189.6cps).



Dividends

A final ordinary dividend of 27cps (27cps) has been declared. In addition, a final preference share dividend of 386cps (429cps) per preference share has been declared.



Outlook

The outlook for commodity demand is positive. The Freight Services and Trading businesses will benefit from this demand and provide opportunity for growth. The oversupply of ships, particularly in the drybulk sector, will impact shipping earnings. The group results remain sensitive to the Rand/US Dollar exchange rate. For and on behalf of the board
08-Feb-2011
(Official Notice)
Grindrod stakeholders are advised that the company will be releasing its results for the year ended 31 December 2010 on 24 February 2011. Results presentations will be held in Johannesburg, Cape Town and Durban.
22 Nov 2010 16:09:24
(Official Notice)
Grindrod advises all stakeholders that in order to further execute on its growth potential in its Freight Services division, executive management responsibility has been split as follows:

*Ports, Terminals, Rail and Seafreight - Dave Rennie

*Logistics, Intermodal, Clearing and Forwarding and Ships Agencies - John Jones

These changes are made with effect from 1 December 2010. It is to be noted that Messrs Rennie and Jones are currently executive directors of Grindrod Ltd and the changes referred to above merely represent a restructure in responsibilities.
27 Oct 2010 12:19:47
(Official Notice)
Investors, analysts and shareholders are advised that the group has provided some supplementary information to the interim results presentation on the investor relations page of its website to further assist with analysis of the group's interim results. The presentation can be viewed on the investor relations page under the presentations tab of the group's website www.grindrod.co.za.

15 Oct 2010 16:03:35
(Official Notice)
Shareholders are referred to the director's share dealings announcement published on SENS on 12 October 2010. Shareholders should take note that the directors dealing reported in the aforementioned announcement took place on-market.
07 Sep 2010 08:19:43
(Official Notice)
Grindrod announced a restructure of its executive committee. Tony Stewart will assume responsibility for the trading division from Brendan McIlmurray who retires on 30 June 2011. Tony has performed the finance director role for the past seven years and will be succeeded by Andrew Waller effective 1 March 2011. Andrew is currently a partner of Deloitte - Touche. Andrew will join the group on 1 January 2011 which will ensure that there is adequate time for a proper and orderly hand over of both the trading and finance roles in the months ahead.
19 Aug 2010 09:09:30
(C)
Revenue for the interim period was 20% higher at R14.8 billion (2009: R12.4 billion). Trading profit was 14% lower at R685 million (2009: R801 million), while operating profit before interest and taxation decreased by 19% to R527 million (2009: R653 million). Profit attributable to ordinary shareholders was 10% lower at R435 million (2009: R483 million). Furthermore, headline earnings per share fell 10% to 95.4cps (2009: 105.7cps).



Dividends

* Preference dividend: A dividend of 406 cents per cumulative, non-redeemable, non-participating and non-convertible preference share (2009: 522.5 cents) was declared.

* Ordinary dividend: A interim dividend of 27 cents per ordinary share (2009: 30 cents) was declared.



Prospects

Continuing strong growth from China, India and Brazil is anticipated together with an upturn in other economies, although at a relatively subdued level. Volatility is likely in shipping, commodity and financial markets which may offer opportunities to the group. The high contract cover will reduce the group's exposure to possible shipping market fluctuations. The group results are sensitive to rand/US dollar exchange rates. Acceptable returns on shareholders' funds are expected for 2010.
01 Jul 2010 15:22:24
(Official Notice)
Grindrod Ltd stakeholders are requested to note the following:

* Interim results for the six months ended 30 June 2010 are expected to be released on or about 19 August 2010.

* Grindrod will be holding a formal interim results' presentation in the ballroom, Main Club House, Inanda Club, 1 Forrest Road, Inanda, Sandton on Thursday, 19 August 2010 at 10h00. Analysts and investors not able to attend can participate through a conference call facility. Details of the conference call will be available on the Grindrod website www.grindrod.co.za in due course, and a copy of the presentation will be posted on the site prior to the start of the conference call.

* Grindrod will be hosting an investor site visit to its Richards Bay operations and presenting an overview of businesses on Monday and Tuesday 23 and 24 August 2010.
20 May 2010 16:44:30
(Official Notice)
Grindrod Ltd shareholders are advised that at the annual general meeting of members held on Wednesday, 19 May 2010, the requisite majority of ordinary and preference shareholders respectively, passed the resolutions as set out in the notice included in the 2009 annual report, which was posted to shareholders on 12 April 2010. Shareholders are further advised that Mr RA Norton has retired as a director of the company with effect from 19 May 2010.
29 Apr 2010 13:57:32
(Official Notice)
Grindrod (South Africa) (Pty) Ltd ("GSA"), an indirectly held 75% less one share subsidiary of the company, has acquired 100% of the issued share capital of Fuelogic from Arrowbulk Carriers (Pty) Ltd ("Arrow"), Ukhamba Holdings (Pty) Ltd, Calulo Petrochemicals (Pty) Ltd ("Calulo") and Graham Searle with effect from 21 April 2010. The shareholders of Arrow comprise The Neil Rutenberg Family Trust, The Salad Trust and Imperial Holdings Ltd.



Description of the business

Fuelogic is a bulk liquid fuel transporter operating in Southern Africa under long-term contracts from customers. Its operations include:

*primary distribution of fuel from refineries and import facilities to terminals, depots and large customers;

*secondary distribution of fuel from terminals and depots to customers; and

*transportation of liquid petroleum gas.



Purchase consideration

The purchase consideration of R160 million will be discharged in full in cash.



Conditions precedent

All conditions precedent to the transaction, including the approval of the Competition Commission, have been met.



Subsidiary

Fuelogic will, as a result of this transaction, be deemed to be a subsidiary of Grindrod and its articles of association will therefore be amended to conform to Schedule 10 of the Listings Requirements of the JSE Ltd.



Related party

Calulo has an 18,98% shareholding in Fuelogic and a 15% shareholding in GSA. Calulo is involved in the transaction in the capacities of both seller and purchaser and effectively a net seller of 3,98% of its share capital in Fuelogic.



Fairness opinion

The transaction is considered by independent expert, Deloitte - Touche Corporate Finance, to be fair to the company's shareholders. The fairness opinion will be available for inspection at the registered office of the company for 28 days from Thursday, 29 April 2009.
22 Apr 2010 15:57:56
(Official Notice)
Shareholders were advised that the company's 2009 annual report for the financial year ended 31 December 2009 is available on the company's website on www.grindrod.co.za and hard copies have been posted to shareholders. The annual financial statements contain no modifications to the audited results, which were published on 18 February 2010.



Annual general meeting

Notice was also given that the annual general meeting of the company will be held in the boardroom, 1st floor, Quadrant House, 115 Margaret Mncadi avenue, Durban on Wednesday, 19 May 2010 at 14h00, to transact business as stated in the notice of the annual general meeting.
08 Apr 2010 08:51:10
(Media Comment)
Grindrod will add at least R380 million in annual turnover to it's business when it has completed the acquisition of all shares in transport company Fuelogic in sequential stages from it's shareholders. The Competition Tribunal approved the merger between Grindrod and Fuelogic unconditionally.
04 Mar 2010 09:29:23
(Media Comment)
Business Day reported that there could be acquisitions for Grindrod in the cards if the global shipping industry remained fragile. However, FD Tony Stewart said that Grindrod was monitoring the market but there was "nothing at this stage" despite the company having a strong balance sheet and a good liquidity position.
18 Feb 2010 17:49:40
(Official Notice)
Shareholders were advised that Tim McClure current executive responsible for Island View Shipping, a subsidiary of Grindrod Ltd, retires at the end of July 2010. The Grindrod Ltd board has appointed Martyn Wade as his successor.
18 Feb 2010 07:42:47
(C)
Revenue declined by 18% to R27.7 billion (R33.7 billion) for the twelve months to 31 December 2009. Trading profit more than halved by 53% to R1.4 billion (R3 billion) and operating profit before interest and taxation slumped by 59% to R1.1 billion (R2.8 billion). Profit for the year attributable to ordinary shareholders declined by 60% to R872.8 million (R2.2 billion). In addition, headline earnings on a per share basis fell by 63% to 189.6cps (511.7cps).



Dividends

A final ordinary dividend of 30cps (68cps) has been declared. In addition, a final preference share dividend of 428c (623c) per preference share has been declared.



Outlook

The global and local economies are in the process of recovering from the severe recession which was at its worst in the first half of 2009. The improved economic activity, mainly driven by growth in China and India, has led to increasing commodity demand, generally higher commodity prices and a substantial rise in trade volumes. It is anticipated that all divisions will

benefit from the improving cycle.



There is some concern that the large number of new drybulk ships due for delivery in the short-term could adversely affect the drybulk shipping market and consequently the results of the shipping division notwithstanding the benefit of improved demand for commodities.



The outlook for the freight services operations is favourable, with the business expected to benefit from an increase in volumes handled at the recently expanded drybulk terminals. trading and financial services should at least maintain their performances.



The group results are extremely sensitive to the rand/US dollar exchange rate and continued strength of the local currency will impact negatively on earnings.



No ship sales are planned for 2010 at this time. However, the group could benefit from well timed use of its strong balance sheet to expand operations. In spite of the uncertainties above, management expects to achieve continued acceptable returns on shareholder funds for 2010.
21 Jan 2010 13:25:26
(Official Notice)
Shareholders were advised that Grindrod expects its earnings per share and headline earnings per share for the financial year ended 31 December 2009 to decrease by between 55% and 65% compared to the previous year. This is as a result of considerably lower shipping markets, reduced profits on disposal of ships and the impact on earnings of a stronger rand / dollar exchange rate. Earnings and headline earnings per share for the year to 31 December 2008 were 475,7 cents and 511,7 cents respectively. Grindrod will release its final results for the year ended 31 December 2009 on or about 18 February 2010.
15 Jan 2010 08:26:54
(Media Comment)
Business Day reported that the latest shake-up of Grindrod's board was part of its succession planning and an effort to conform to new corporate governance rules by adding more independent directors. Grindrod is grappling with the resignation of a board member and the looming retirement of others. The recent appointments have also improved the balance of the board by breaking from the past when executive directors were a majority on Grindrod's board. The board now has eight non-executive members and seven executive directors. Grindrod confirmed that there was no immediate plan to appoint additional directors to the board.
31 Dec 2009 09:39:22
(Official Notice)
The board of directors of Grindrod Ltd advises that Ms N T Y Siwendu has resigned as a director of the company with effect from 1 January 2010.
14 Dec 2009 13:01:48
(Official Notice)
The board of directors of Grindrod Ltd announced the appointment of Messrs Mkhuseli Faku, Michael Hankinson and Sandile Zungu as independent non-executive directors, with effect from 15 December 2009.
23 Oct 2009 09:23:13
(Media Comment)
According to Finweek, Grindrod is transporting more commodities, a possible indication of an improving economic environment. CEO Alan Olivier said operating trade volumes out of South Africa over the first four months of 2009 were poor, but have since climbed back to previous levels.
20 Aug 2009 09:32:37
(C)
Revenue decreased to R12.4 billion (R14 billion) and trading profit declined to R801.4 million (R1.4 billion). Grindrod generated earnings of R483.8 million for the six months period (R1.1 billion), down 56% on the corresponding period of the prior year which is in line with the trading update issued on 1 July 2009. Headline earnings per share also decreased by 56% to 105.7cps (242.8cps).



Dividends

An interim ordinary dividend of 30cps has been declared. In addition, a preference dividend of 522.5cps has also been declared.



Outlook

The credit crisis and global economic downturn have impacted volumes of cargo moved by sea, as well as land-based freight services businesses. However, there has been recent improvement in international business activity, particularly in the demand for and price of commodities. A recovery in shipping markets will, however, be countered by the delivery of a large number of new ships in the short-term. The group has a low cost fleet of ships, a high level of contract cover, considerable cash resources and continues to anticipate earnings growth from its Trading, Freight Services and Financial Services businesses for the full year. This positions it favourably for a recovery in world markets in the medium- term. The group will have lower earnings for the full year compared with the extraordinary levels achieved in 2008.
05 Aug 2009 10:51:50
(Media Comment)
According to Business Report, Grindrod's banking unit had low levels of problem loans despite the economic downturn. Grindrod Bank said only two of its 130 loans were having trouble at the moment, representing just 0.35% of the bank's R1.1 billion loan book. Division head, David Polkinghorne told a media briefing that the reason the bank had such a low level of bad loans was because Grindrod Bank knew all its corporate clients well.
01 Jul 2009 15:11:37
(Official Notice)
Shareholders are advised that Grindrod expects its earnings per share and headline earnings per share for the six month period to 30 June 2009 to decrease by between 50% and 60%, compared to the corresponding period of 2008. This is as a result of the impact of the world economic decline on group activities, substantially weaker shipping markets and the material effect of a substantially stronger Rand/US Dollar exchange rate. Headline earnings per share for the six months to 30 June 2008 was 242.8 cents. Grindrod will release its interim results for the six months ended 30 June 2009 on or about 19 August 2009.
21 May 2009 13:48:15
(Official Notice)
Grindrod shareholders are advised that at the annual general meeting of members held on Wednesday, 20 May 2009, the requisite majority of preference and ordinary shareholders respectively, passed the resolutions as set out in the notice included in the 2008 annual report and posted on 21 April 2009.
19 May 2009 14:48:14
(Media Comment)
According to Business Report, Grindrod's decision not to pay special dividends to shareholders when business was booming has paid off. This is because the group is now in a strong position to take advantage of grim markets to expand its fleet, said Grindrod boss Alan Olivier.
04 May 2009 09:11:26
(Media Comment)
Business Day reported that Grindrod rose by 6.08%, or 80c, to close at R13.95, on Thursday, 30 April 2009. This was on the back of reports that new measures will be taken by the South Korean government to provide USD8.8 billion to help that nation's ship owners. Such measures should benefit the global shipping industry.
20 Apr 2009 11:17:37
(Official Notice)
Grindrod Ltd's 2008 annual report (financial year ended 31 December 2008) is available on the company's website on www.grindrod.co.za and hard copies will be posted to shareholders on Tuesday, 21 April 2009.
26 Feb 2009 07:57:03
(C)
Revenue increased by 88% to R33.7 billion (R17.9 billion). Trading profit rose by 91% to R3 billion (R1.6 billion). Net profit attributable to ordinary shareholders increased by 81% to R2.2 billion (R1.2 billion). In addition, headline earnings per share grew by 95% to 511.7cps (263.1cps).



Dividend

A final ordinary dividend of 68cps has been declared. In addition, a final preference share dividend of 623cps has been declared.



Prospects

The 2008 financial year was an extraordinary year in the group's history with outstanding results achieved mainly through record earnings levels on contracted and spot drybulk ships, profits earned on ship sales and a weaker rand/US dollar exchange rate. In spite of the current economic outlook, earnings growth is anticipated from the Trading, Freight and Financial Services businesses. The group's balance sheet strength and favourable liquidity position offer a high level of resilience in these markets and will create opportunities to expand through acquisition.



The credit crisis and the global economic downturn have impacted shipping freight movements and this, together with the anticipated growth in world fleet of ships, is expected to result in continued softer shipping markets in 2009. However, the group will continue to benefit from a high level of contract cover at prices above current spot rates and a low cost fleet of ships. There will nevertheless be a decline in the Shipping division's profitability. Consequently, the group expects a reduction in earnings in comparison to the "super profits" achieved in 2008, but still anticipates acceptable returns on shareholders' funds in 2009.
23 Feb 2009 17:21:03
(Official Notice)
With reference to the announcement of its BEE transaction in respect of the majority of its 100% owned South African based freight services operations, the company wishes to clarify that the issue of new equity is by its subsidiary, Grindrod (South Africa) (Pty) Ltd and not by Grindrod Ltd.
23 Feb 2009 15:23:15
(Official Notice)
Grindrod Ltd, the JSE listed shipping and logistics business, has pleasure in announcing a BEE transaction resulting in the sale of 25% plus 1 share of its subsidiary, Grindrod (Pty) Ltd to Calulo Petrochemicals (Pty) Ltd and Adopt-a-School Foundation by way of the issue of new equity for a total consideration of R274 million. The BBBEE partners' shares in GSA will be subject to the normal restrictions on alienation and encumbrance for a period of ten years from the commencement date of 1 January 2009.



The transaction structure has largely been vendor financed by Grindrod, with the exception of an own equity contribution by Calulo. AAS's investment in GSA has been 100% vendor financed by Grindrod, which in addition to the main vendor financed structure, includes an interest free loan of R10 million that will remain in place for the full lock-in period. The Grindrod vendor financing, facilitated by means of a preference share structure, has been provided at a market related facilitated rate appropriate for transactions of this nature. The transaction is subject to a ten year lock-in. The BBBEE partners will, however, be entitled to sell their shares to other BBBEE partners at any point in time between years seven and ten of the commencement of the lock-in period, subject to Grindrod's approval. All disposals of shares in GSA by the BBBEE partners are subject to pre-emptive rights in favour of Grindrod.
15 Jan 2009 08:32:36
(Media Comment)
Grindrod Holdings and Grindrod Freight Investments, subsidiaries of the shipping and logistics group are on the acquisition trail. The former plans to buy P-O Ports Nationwide Cargo Terminals and the latter is eyeing both Greystones Enterprises and Greystones Cargo Systems, according to the competition commission activity schedule. Business Report has established that Grindrod Freight Investments will be buying out Greystiones Enterprises and Greystones Cargo Systems. Greystones Enterprises is a cargo handling company, while Greystones Cargo Systems is a joint venture between FRS USA and Greystones Enterprises. Some of the cargo the companies handle are ferochrome and woodchips. P - O Ports Nationwide Cargo Terminals is one of the major companies in the country that handle loading and unloading of ships. Grindrod refused to comment, noting that the deals were subject to confidentially agreements.
25 Nov 2008 17:46:12
(Official Notice)
An investor analyst visit of Grindrod's port and terminal operations in Maputo, Mozambique took place on 24 November 2008. A copy of the presentation by management is available on the company's website www.grindrod.co.za.
10 Sep 2008 09:51:26
(Media Comment)
According to Business Report, Grindrod was investigating making a substantial investment in the Maputo port to bring it up to Durban's standards. CE Alan Olivier said that such a huge investment "may necessitate raising additional capital" and Coronation Fund Managers' portfolio manager, Alistair Lea, said that it would be "a great source of annuity income and diversification" for Grindrod.
22 Aug 2008 08:21:11
(Media Comment)
Grindrod might acquire rivals to expand as the price of building new vessels rose because of increasing costs, said CE Alan Olivier. Business Report noted that Grindrod shares were up 0.41% on Thursday, 22 August 2008, to close at R24.20.
20 Aug 2008 12:18:50
(Official Notice)
The board of directors of Grindrod advised that its earnings and headline earnings per share for the year ended 31 December 2008 is expected to increase by between 80% and 100% on the 263.1cps reported for the twelve months ended 31 December 2007. Grindrod will release its financial results for the year ended 31 December 2008 towards the end of February 2009.
20 Aug 2008 12:10:59
(C)
Revenue increased by 93% to R13.5 billion (R7 billion). Trading profit rose by 92% to R1.4 billion (R749.1 million). Grindrod generated attributable earnings of R1.1 billion (R570.5 million) for the six months ended 30 June 2008, up 94% on the corresponding period of the prior year, while headline earnings per share increased by 95% to 242.8cps (124.6cps).



Dividends

A ordinary interim dividend of 68cps and a preference dividend of 589cps have been declared.



Prospects

Shipping market fundamentals continue to be positive and consequently earnings are expected to remain at firm levels for the balance of the 2008 financial year. The group has significant contract cover and will look to further expand this base for 2009 and beyond. Further improvement is expected in the performance of the trading, freight services and financial services divisions which are being expanded through investment, mainly in infrastructural development opportunities. The group expects headline earnings per share for the 2008 financial year to be 80% to 100% higher than the 263.1 cents achieved in 2007.
30 Jul 2008 15:06:00
(Official Notice)
The board of directors of Grindrod wish to advise that Professor W D Geach has been appointed a director (independent non-executive) of the company with effect from 29 July 2008.
02 Jul 2008 15:44:28
(Official Notice)
Shareholders were advised on 21 April 2008 that Grindrod expected its earnings per share and headline earnings per share for the six month period to 30 June 2008 to increase by between 55% and 75%, compared to the corresponding period of 2007. Shareholders are advised that a 85% to 95% increase in earnings and headline earnings per share is now anticipated for the half year to 30 June 2008 compared to the corresponding period of the previous year. The growth since the previous trading statement has primarily been driven by stronger than anticipated operational performance of the shipping division and a ship sale originally contracted for the second half of the year has been concluded in the first half. The forecast contained in this Trading Update has not been reviewed or reported on by the company's external auditors. Grindrod will release its interim results for the six months ended 30 June 2008 on or about 21 August 2008.
22 May 2008 15:49:51
(Official Notice)
Grindrod shareholders are advised that at the general meeting of preference shareholders and annual general meeting of ordinary shareholders held on Wednesday, 21 May 2008, the requisite majority of preference and ordinary shareholders respectively, passed the resolutions at the respective meetings as set out in the notices included in the 2007 annual report and posted on 18 April 2008. It is to be noted that ordinary resolution 5 relating to the authority to issue shares for cash was withdrawn by the company. Special resolution number 3 will be lodged with the Registrar of Companies for registration.
08 May 2008 16:55:20
(Official Notice)
Ms N Y T Siwendu has been appointed a director of the company with effect from 6 May 2008.
21 Apr 2008 14:16:03
(Official Notice)
Grindrod expects its earnings per share and headline earnings per share for the six month period to 30 June 2008 to increase by between 55% and 75%, compared to the corresponding period of 2007 as a result of strong operational performance. Grindrod will release its interim results for the six months ended 30 June 2008 on or about 20 August 2008.
20 Mar 2008 08:32:46
(Media Comment)
Grindrod has purchased Bay Stevedores for an undisclosed sum in a deal effective from 1 July 2007, reported Business Day. The deal had to be retrospective as it took time to transfer the stevedoring and licence agreement to Grindrod Terminals.
13 Mar 2008 09:10:07
(Media Comment)
In the Financial Mail's ("FM") special report on Grindrod it was mentioned that when chairman Ivan Clark began his tenure as CEO in 1999, he told the board that his aim was to boost the share price from R1.00 to R6.00. The share reached R6.00 four years later, and is now sitting around R23.50. In addition, if it was not for the company's share split in 2005 to boost liquidity, the appreciation would have been five times better, the equivalent of R120.00. Despite this the Grindrod is still not well known in South Africa even though it has captured the attention of the global shipping community. The core shipping division contributes 86% of Grindrod's overall revenue and the group has exciting prospects for growth in areas like terminals and harbour administration. The FM went on to say that the calls that Clark made nearly a decade ago have certainly paid off.
25 Feb 2008 15:59:26
(Official Notice)
Shareholders are hereby advised of the passing away of Nomazizi Mtshotshisa on 22 February 2008.
21 Feb 2008 10:24:41
(C)
The board of Grindrod announced a 19% increase in earnings to R1.195 billion (2006: R1.008 billion) for the year ended 31 December 2007. Headline earnings per share also increased by 19% to 263.1 cents per share (2006: 220.8 cents).



Dividends

A final dividend of 44 cents per ordinary share has been declared, bringing the total dividend/distribution for the year to 78 cents (2006: 66 cents). A dividend of 550 cents per cumulative, non-redeemable, non participating and non-convertible preference share (2006: 470,3 cents) has also been declared for the year ending 31 December 2007.



Prospects

Shipping market fundamentals continue to be positive and consequently freight rates are expected to be at favourable levels for 2008. The group also has significant contracted income at higher levels in its shipping division and continues to grow its fleet at low contracted costs. The weakening of the Rand/US Dollar exchange rate should also benefit the shipping division. Further improvement is expected in the performance of the Trading, Freight Services and Financial Services divisions which are being expanded through investment, mainly in infrastructural development opportunities. Consequently, the group expects to achieve strong growth in earnings for the 2008 financial year.
13 Feb 2008 12:42:44
(Media Comment)
According to Finweek, Grindrod was still looking at a possible separate listing overseas. CEO Alan Olivier said that he has "always said it makes sense for us to list overseas', but that there was no great urgency as Grindrod does not need capital at present. One of the reasons that Grindrod has cited for possibly seeking an overseas listing is that as the only listed shipping operation on the South African market, the share is not covered by many analysts, a situation that could change if listed overseas.
22 Jun 2006 18:08:58
(Official Notice)
The company has repurchased 14 096 859 (3%) of its ordinary shares on the open market, acting on the general authority granted to the directors by shareholders at the annual general meeting on 25 May 2005 and subsequently renewed at the annual general meeting on 24 May 2006.
21 Jun 2006 17:44:11
(Official Notice)
Grindrod again swept aside the field to win Marine Money International Listed Shipping Company of the Year Award at a gala function held in New York. Grindrod beat some 150 shipping companies listed throughout the world as ranked by Marine Money International, America's largest shipping finance publication.
21 Jun 2006 11:54:23
(Media Comment)
Grindrod will continue with its fleet expansion plans despite gloomy forecasts for the global economy. The group embarked on a R2 billion fleet expansion programme in 2004. The group's CEO, Ivan Clark, told Business Report that the group was unlikely to be affected by a possible slow down in the US.
14 Jun 2006 16:18:05
(Official Notice)
Following the appointment of Alan Olivier as CEO designate to succeed Ivan Clark on his retirement at the end of 2006, Mr Olivier announced a re-structuring of the Grindrod executive team to fill the vacancy arising from his promotion and to lead the business going forward. Mr Olivier said that Laurence Stuart-Hill, who is a Grindrod Executive Director responsible for Landfreight Logistics will take over his responsibility for Unicorn Shipping, the Grindrod group's tanker owning and operating division. He went on to say that, Mr Stuart-Hill is no stranger to shipping and especially Unicorn having worked for Unicorn for 5 years prior to his appointment as Grindrod Financial Director in 1999. It was further announced that Captain David Rennie, also a Grindrod Executive Director, will in addition to his current responsibility for Ocean Africa Container Lines, assume responsibility for Landfreight Logistics and Terminals. Mr Olivier added that Captain Rennie had been with the Grindrod group for 28 years and had a sound knowledge of shipping, ports and logistics. Captain Rennie had been very successful in re-engineering the group's seafreight logistics business. The remaining members of the current executive will continue in their existing roles.
26 May 2006 15:30:20
(Official Notice)
Ivan Clark, chief executive office of Grindrod, has announced his retirement with effect from 31 December 2006. Clark would take over as non-executive deputy chairman of the group with effect from 1 January 2007 with David White, the current deputy chairman, continuing as a non-executive director. Alan Olivier currently an executive director would take on the role of chief executive officer designate with immediate effect while carrying on with his current role and would succeed Clark as chief executive from 1 January 2007.
24 May 2006 16:37:37
(Official Notice)
Shareholders are advised that, at the company's annual general meeting held on Wednesday, 24 May 2006, all the resolutions proposed thereat were duly passed, by the requisite number of shareholders.
12 Apr 2006 12:51:41
(Official Notice)
Grindrod posted its audited annual financial statements for the financial year ended 31 December 2005 to shareholders on 13 April 2006. The company has not published an abridged report at this date because the audited financial information published on 22 February 2006 is unchanged.



The 39th annual general meeting of Grindrod will be held at the registered office of the company, Quadrant House, 115 Victoria Embankment, Durban at 14h30 on 24 May 2006, to transact the business as set out in the notice of annual general meeting circulated together with the annual financial statements.
04 Apr 2006 16:35:58
(Official Notice)
Grindrod announced today that it has acquired a 12.24% share in the Maputo Port.

28 Mar 2006 15:50:09
(Official Notice)
Grindrod has announced the acquisition of 100% of Cross Country Containers (Pty) Ltd for an undisclosed sum.

14 Mar 2006 15:40:58
(Official Notice)
Grindrod announced, on 14 March 06, the acquisition of the remaining 50% of Auto Carrier Transport (Pty) Ltd. The Auto Carriers transaction is subject to Competition Commission approval. No price was given for the various transactions.
02 Mar 2006 11:13:03
(Official Notice)
Grindrod has advised all interested stakeholders that the 2005 results presentations made in Durban, Johannesburg and Cape Town over the past week will be on the company website (www.grindrod.co.za) on 2 March 2006.
22 Feb 2006 14:39:56
(C)
16 Feb 2006 17:20:28
(Official Notice)
Ordinary and preference shareholders of Grindrod are advised that the company has successfully placed a further 2 500 000 cumulative, non-redeemable, non- participating preference shares of 0.031c each, with investors for a total consideration of R276 350 000. The preference shares will be listed in the "Specialist Securities - Preference Shares" sector of the JSE on Friday, 17 February 2006.
23 Nov 2005 15:54:08
(Official Notice)
The board of directors of Grindrod advise that its headline earnings per share for the 12 months ended 31 December 2005 is expected to increase by between 45%-50% on the 123.7cps, reported for the twelve months ended 31 December 2004. (A 5 for 1 subdivision of the ordinary shares was implemented on 31 October 2005 and the comparative per share information referred to has been adjusted to reflect this position).
18 Nov 2005 10:53:47
(Media Comment)
Commenting on the future of Grindrod Ivan Clark, the group's managing director, told Business Times, "Next year is going to be a year of consolidation expansion and great opportunity for Grindrod. I can see no reason why in the next two to three years Grindrod will not double or triple its size, be in the Alsi Top 40 and listed on an international exchange. There is just so much opportunity -- and it is so exciting going forward."
15 Nov 2005 14:19:48
(Media Comment)
Business Times' Top 100 supplement noted that Grindrod has been the top performing share on the JSE over a five year period. The shipping group achieved a 96.71% compound growth in share price over the period.
31 Oct 2005 11:55:51
(Permanent)
A 5:1 share split took place on 31 October 05, historical figures have been adjusted.

19 Oct 2005 15:57:53
(Official Notice)
Grindrod ordinary shareholders are advised that at the general meeting of ordinary shareholders, held on Wednesday, 19 October 2005, the special resolutions to give effect to the subdivision of the ordinary shares (5 for 1) and the amendment of the Articles of Association, were approved by the required majority of ordinary shareholders. The special resolutions have been lodged with the Registrar of Companies for registration.



Shareholders are reminded that the salient dates remain unchanged and are as follows:

*Last day to trade in Grindrod ordinary shares with a par value of 0.01c each on Friday, 28 October

*Trading commences in new Grindrod ordinary shares with a par value of 0.002c each and new ISIN: ZAE000072328 on Monday, 31 October

*Record date for the subdivision on Friday, 4 November
27 Sep 2005 14:01:42
(Official Notice)
Shareholders are advised that the board of directors of Grindrod resolved to subdivide each ordinary share of 0.01c into five ordinary shares of 0.002c. A circular containing information on the subdivision, and a notice of general meeting of ordinary shareholders, has been posted to shareholders today. The purpose of the proposed subdivision of Grindrod`s ordinary shares is to improve liquidity and to make the share more accessible for private investors. Shareholders will be requested to consider and approve the amendment of the Articles of Association of the company to permit electronic delivery and publishing of notices, reports and other information to members, and to permit the acceptance of proxies transmitted by members to the company by electronic mail, subject to the Listings Requirements of the JSE



Salient dates

*Last day for receipt of proxies in respect of the general meeting by 12:00 on Monday, 17 October

*General meeting of shareholders at 12:00 Wednesday, 19 October

*Results of general meeting released on SENS on Wednesday, 19 October

*Special resolutions lodged with the Registrar of Companies on or about Wednesday, 19 October

*Last day to trade in Grindrod ordinary shares with a par value of 0.01c each on Friday, 28 October

*Trading commences in Grindrod ordinary shares with a par value of 0.002c each Monday, 31 October

*Record date for the subdivision on Friday, 4 November



The ISIN number of the ordinary shares of the company will change to ZAE000072328 with effect from Monday, 31 October 2005.



The general meeting of ordinary shareholders will be held in the boardroom of Grindrod, Quadrant House, 115 Victoria Embankment, Durban, at 12:00 on Wednesday, 19 October 2005, to consider and approve the special resolutions to give effect to the subdivision and the amendment of the Articles of Association.
19 Aug 2005 16:06:12
(Official Notice)
Shareholders are advised that the board of directors of Grindrod intends to ask shareholders to approve a special resolution, which will have the effect of subdividing each ordinary share of 0.01c each into five ordinary shares (`subdivision`).



The purpose of the proposed subdivision of Grindrod`s ordinary shares is to improve liquidity and to make the share more accessible for private investors. The subdivision will require ordinary shareholders to approve, inter alia, a special resolution to subdivide each ordinary share of 0.01c into five ordinary shares of 0.002c each.



The salient dates and times in respect of the subdivision will be announced in due course. A circular convening a general meeting of ordinary shareholders to approve the requisite resolution and containing further details of the subdivision is being prepared and will be posted to shareholders in due course.
17 Aug 2005 17:20:21
(Official Notice)
The private placement by Grindrod of 5 000 000 cumulative, non-redeemable, non-participating, non- convertible preference shares with a par value of 0.031c each at a subscription price of R100.00 per share, has been successfully concluded. The private placement closed on Tuesday, 16 August 2005. Irrevocable undertakings amounting to R500 million have been received from selected financial institutions and other investors to subscribe for the preference shares. The preference shares have been allocated at a coupon rate of 80% of the prime overdraft rate, as quoted by FirstRank Bank Ltd from time to time. As all funds have been received, dividends will accrue as from today, Wednesday, 17 August 2005. The anticipated date of listing will be at the commencement of business on Monday, 22 August 2005 on the JSE in the `Specialist Securities - Preference Shares` sector under the abbreviated name `Grindrod Pref` (share code: GNDP and ISIN: ZAE000071106).
17 Aug 2005 14:11:35
(C)
The group reported turnover of R2.0 billion (R1.4 billion) and an 80% increase in earnings to R407.7 million (R227.0 million) for the six months to June 2005. Headline earnings were 444.1cps (256.2cps), 73% higher than the corresponding period of 2004. A dividend of 100cps (50cps) was declared for the period.



Prospects

The group is confident of achieving good earnings growth for the year ending 31 December 2005 due to its low fleet cost and increased fleet size, the current favourable tanker markets, the high level of contracted income and the contribution from newly acquired freight operations.
03 Aug 2005 11:01:14
(Media Comment)
Grindrod has commenced a book building exercise for preference shares. Business Report said that the group intends raising R500m to grow its operations. The preference shares would be via private placement with a minimum subscription of 100 000 shares at R100.00 per share.
28 Jul 2005 09:52:41
(Media Comment)
Ivan Clark, managing director of Grindrod, told Business Day that the group would invest approximately R4bn in acquisitions, including purchasing new ships and logistics companies, until 2007.
27 Jul 2005 17:22:25
(Official Notice)
Grindrod shareholders are advised that, at the general meeting of Grindrod held on 27 July 2005, all the resolutions for the creation of the cumulative, non- redeemable, non-participating, non-convertible preference shares of 0.031c each were passed by the required majority of shareholders.
18 Jul 2005 12:42:36
(Official Notice)
On 25 May 2005 the company announced that it expected its basic earnings and headline earnings per share for the six months ended 30 June 2005 to increase by between 50%-60% on the 253.0c and 256.2c per share respectively, reported for the six months ended 30 June 2004. The board of directors of Grindrod wish to advise that its basic earnings and headline earnings per share for the six months ended 30 June 2005 are now expected to increase by between 65%-75% on the 253.0c and 256.2c per share respectively, reported for the six months ended 30 June 2004. The main reasons for this increase is the effect of the weakened rand and improved operating results for the period May and June 2005. The forecast contained in this trading statement has not been reviewed or reported on by the companys external auditors. Grindrod will release its interim results for the six months ended 30 June 2005 on or about 17 August 2005.
14 Jul 2005 17:26:12
(Official Notice)
Grindrod and Cockett Marine Oil announced that they have come to an agreement whereby Grindrod purchase a 50% share in Cockett Marine Oil with effect from July 2005. Both companies said that the purchase price was confidential but was based on a price earnings ratio, which was acceptable to both parties.

01 Jul 2005 17:25:18
(Official Notice)
Grindrod shareholders are advised that the company has posted a circular to shareholders to convene a General Meeting of shareholders on Wednesday, 27 July 2005, to consider and if deemed fit, approve the creation of preference shares. Details of the terms of the preference shares are contained in the said circular.

30 Jun 2005 17:30:07
(Official Notice)
Grindrod has acquired, through Oreport`s holding company Seascape Commodities (Pty) Ltd, a 50% shareholding in Oreport. Grindrod will subscribe for its shareholding in cash and the effective date of the transaction is 1 July 2005. This transaction is subject to the approval of the shareholders of Seascape Commodities and to certain regulatory approvals including the approval of the Competition Board. Oreport is an international marketing organisation specialising in the world-wide procurement, physical movement and distribution of a range of industrial raw materials. The parties have agreed that Oreport will continue to be run by its existing management.
17 Jun 2005 14:50:29
(Official Notice)
Grindrod has won yet another award at a world shipping conference held in New York this week and attended by over 500 delegates from around the world, Grindrod was honoured by Marine Money International a leading global ship finance publication , with the number 1 ranking of public shipping companies worldwide. At an awards luncheon held at the Waldorf Hotel, New York City Ivan Clark, Managing Director of Grindrod was presented the award. Grindrod beat 73 other listed companies worldwide including some of the largest shipping companies in the world.
20-Aug-2018
(X)
Grindrod, listed on the JSE Securities Exchange, is based in South Africa and is represented by subsidiaries, joint ventures and associated companies in 28 countries worldwide, employing more than 4 200 skilled and dedicated people. As a South African listed company, the Group?s vision is to create sustainable returns and long-term value for shareholders and other stakeholders. This is achieved through the contribution of its two divisions: Freight Services and Financial Services. Freight Services? vision is to leverage its existing strategic portfolio of port, terminals and logistics solutions, as well as intellectual property to further enhance its position as a leading freight and logistics infrastructure and services provider.


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