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LATEST NEWS FOR Grindrod Ltd.  

Grindrod, listed on the JSE Securities Exchange, is based in South Africa and is represented by subsidiaries, joint venture and associated companies in 24 countries worldwide, employing more than 4 700 skilled and dedicated people.... [more info]

Grindrod seeks to retain welfare customers with cheap accounts

6 Jul 2018 /  Roxanne Henderson and Loni Prinsloo, Bloomberg   
The bank’s profit may decline by 20% if it cannot retain welfare recipients as customers in some capacity, says MD of the division.

Five things making headlines in South Africa today

4 Jul 2018 /  Moneyweb  
June PMI, US DoJ summons Glencore over money laundering, Sassa takes Grindrod Bank to court, Eskom considers asking for debt extensions, Sasol strikes over scheme.

Sassa’s fight to recoup Grindrod bank charges intensifies

4 Jul 2018 /  Ray Mahlaka   1
The agency has begun a process of instituting legal proceedings against Grindrod Bank to recover excessive bank charges carried by social grant beneficiaries.

Thin volumes in Grindrod Shipping cause frustration

27 Jun 2018 /  Sasha Planting   1
SA shareholders respond by selling their shares.

Don’t judge us on CPS standards, pleads Post Office

22 Jun 2018 /  Ray Mahlaka   15
Paymaster-in-waiting faces litmus test in the next three months – if successful, grant payments will be exclusively in the state’s hands.

Why Capitec (and not Nedbank, the PIC or the Grindrod consortium) should buy Mercantile

20 Jun 2018 /  Hilton Tarrant   3
The business banking space is hotting up, and few will be able to match the simplicity and fees that Capitec offers.

Five things making headlines in South Africa today

UPDATE
19 Jun 2018 /  Moneyweb  
Denel suspends CFO, Information Regulator to question Liberty, Mercantile Bank on offer, M&R's tie up with Aveng, rand slips.

Capitec bids for business bank to veer from consumer lending

UPDATE
18 Jun 2018 /  Roxanne Henderson, Bloomberg   1
Capitec Bank is among four acquirers short-listed for Mercantile Bank.

Treasury says Net1’s welfare charge is too high

2 May 2018 /  Antony Sguazzin   4
Treasury recommends that Net1 be paid 24% less than requested to pay Sassa recipients for a further six months.

Massive buying in JSE shares

27 Feb 2018 /  Nastassia Arendse  
Grindrod looks to split up the company, list shipping separately - David Shapiro on Tuesday’s busy market

Net1 eyes fintech services after life without Sassa

14 Feb 2018 /  Ray Mahlaka    6
It plans to extend banking services to underserviced individuals, some of who are social grant recipients in far-flung rural areas.
Moneyweb Investor

Ten stocks that Zuma can’t break

14 Dec 2017 /  Sasha Planting   2
Regardless of how badly the government messes up the economy.

Grindrod plans to spin off shipping business

23 Aug 2017 /  Nqobile Dludla, Reuters  
In order to unlock its value.

Grindrod hits 1-1/2-week high after flags narrower H1 loss

15 Aug 2017 /  Reuters  
The company says it expects H1 headline loss to narrow by as much as 69% to R119 million.
Moneyweb Investor

Doing the heavy lifting

17 May 2017 /  Patrick Cairns  
What industrial funds have been buying and selling.

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