African Bank’s chief executive officer, Kennedy Bungane says: “Following the release of our successful half-year results this week, our acquisition of Grindrod Bank enables us to further realise our ...

The agency has begun a process of instituting legal proceedings against Grindrod Bank to recover excessive bank charges carried by social grant beneficiaries. The battle between the South African ...

This follows the Competition Tribunal’s approval of its acquisition of Grindrod Bank with no conditions and the subsequent issuing of a merger clearance certificate. The tribunal’s certificate stated ...

African Bank has announced its intention to acquire 100% of Grindrod Bank for R1.5-billion, slightly less than Grindrod Bank’s net asset value of R1.67-billion. This is a giant leap forward in African ...

Grindrod says it doesn’t see a legal basis in the demand by South African Social Security Agency (Sassa) for the bank to refund social grant beneficiaries after they were hit with a 45% hike in bank ...

Grindrod, the listed shipping and logistics business, on Wednesday announced the sale of 18% of its subsidiary, Grindrod Bank, to three independent black economic empowerment (BEE) entities. This ...

Julian Beare was announced as independent non-executive chair of Grindrod Bank on Monday afternoon. Grindrod Bank announced the appointment of Beare and others amongst changes to its board through a ...

Societe Generale Securities Services (SGSS) has been mandated in South Africa by Grindrod Asset Management, the asset management division of the Grindrod Bank Limited, to provide custody and trustee ...

African Bank has acquired 100% of Grindrod Bank. The deal, worth R1.5 billion, will give African Bank an existing corporate and SME client base. Grindrod Bank already has a multi-billion Rand loan ...

Grindrod, the ports, terminal, logistics and banking group lifted headline earnings many times over to R345 million in the six months to June 30, from R23m at the same time last year. This was off the ...

The battle between the South African Social Security Agency (Sassa) and Grindrod Bank is set to intensify at court over the latter’s abrupt decision to hike bank charges by more than 40% for social ...

Sassa has upped the ante on recovering excessive bank fees via court action, which Grindrod says should be directed to Net1 instead of the bank. Grindrod says it doesn’t see a legal basis in the ...