Owners Of Grindrod Bank

Owners Of Grindrod Bank


The stock of Grindrod Bank is 100% owned by Grindrod Limited, large shipping, and logistics company, whose shares trade on the Johannesburg Stock Exchange, under the symbol: GND. Grindrod Limited is a large conglomerate, whose businesses include shipping, manufacturing, logistics, transportation, investments, and finance.

In July 2014 Bidvest Limited announced that it was looking to acquire 100% of Grindrod Bank and would hope to conclude the deal by the end of 2014. Under the deal, Grindrod Bank would be merged into Bidvest Bank.

Grindrod Bank maintains a strong focus on developing its intellectual capital. We recognize the role that our people play in our sustainable growth and continued success. Accordingly, we source extraordinary individuals, with exceptional drive and professional expertise, to create a truly dynamic, niche bank.

Our employees are afforded the freedom to create and build on innovative thinking, which in turn provides effective and efficient financial products and services for our clients. A flat hierarchical structure facilitates direct access to top management and provides the necessary agility for fast turnarounds on business decisions and deal completion.

Essential ingredients for the success of Grindrod Bank is a working environment where:

  • Employees are treated with dignity and respect;
  • Communication is open, honest and courteous;
  • Ethical standards are high; and
  • Equity is a reality.

Our Employment Equity Committee is in place to ensure that the company promotes equal opportunities and fair treatment to all those within the workplace.