Grindrod Bank History
Grindrod Bank is a registered Financial Services (FSP 6317) and Credit Provider (NCRCP25), regulated by the South African Reserve Bank and Financial Services Conduct Authority, authorised to offer a range of products and services.
We operate within the bounds of good corporate governance and ethical business practice, that is informed by King IV, making sure that our strategy and operations are also aligned with the requirements and guidelines set in the Basel III framework.
We at Grindrod Bank are proud of our well-established and entrenched corporate culture that demands the highest of ethical standards for our employees.
With dedication and focus on our client offering, Grindrod Bank is able to provide and facilitate tailor-made product sets and personalised service to our clients. We continue to enjoy a consistent client base that has grown year-on-year, with a significant number of our clients have been with Grindrod Bank since its inception. We pride ourselves on the close, personal relationship we have with all our clients while recognising our role in making a meaningful contribution to the South African economy through both job-creation and investment opportunities.
Grindrod Bank believes that in order to bring in new players into the economy, the products and services available in the financial sector should be adapted to meet the unique challenges faced by SMEs and entrepreneurs from previously disadvantaged communities.
Grindrod Limited – listed on the JSE Securities Exchange – is based in South Africa and is represented by subsidiaries, joint venture and associated companies in 30 countries worldwide, employing more than 4 000 skilled and dedicated people, with a distinct focus is on unlocking trade corridors and investing in strategic infrastructure to facilitate the movement of cargo from pit to port and on to international markets.
The Group’s head office is in Durban and it maintains a strong operating presence at each of South Africa’s major ports as well as in Johannesburg, Mozambique, Botswana, and Namibia.
The vision for Grindrod Limited is to create sustainable returns and long-term value for shareholders. This is achieved through the contribution of its divisions; those divisions being Freight Services, and Financial Services. The business units within Freight Services, provide operating and marketing synergies locally and internationally. In pursuing the strategy of becoming a fully integrated freight logistics service provider, Grindrod continues to invest in assets and opportunities across its operations with specific focus on oil and gas, dry bulk, bulk liquid commodities, containerised cargo and vehicles.