Chairman's Report

Privilege to have been chairman...

It is my privilege to have been chairman of the group during this centenary year and to report to shareholders on its activities over the past year. As part of the celebrations of this milestone...

Ivan Clark, Chairman

CEO's Report

The global economy began its recovery from economic crisis...

As the global economy began its recovery from economic crisis, the focus for Grindrod in the 2009 financial year was on stability and balance sheet protection.

Alan Olivier, CEO

FD's Report

Group revenue of R30,2 billion was 9% higher...

Group revenue of R30,2 billion was 9% higher than the prior year due mainly to the growth in the Trading division’s volumes and commodity pricing together with the impact of acquisitions made by the group during the year.

Tony Stewart, FD

Shipping

Two key brands in two sectors of the market...

• Unicom owns, charters and operates products tankers, bunker tankers and chemical tankers;
• IVS owns, charters and operates drybulk ships.

Freight Services

Infrastructure and logistics businesses...

Freight Services comprises the group’s investment in infrastructure and logistics businesses. The business has grown significantly over the last few years, primarily as a result of growth in the Ports and Terminals sector.

Trading

Marketing, efficient distribution and financing...

The division aims to facilitate the marketing, efficient distribution and financing of a wide variety of commodities traded globally. The division prides itself on developing lasting customer and supplier relationships, providing an enhanced service offering that includes commodity trading, logistics management, export/import documentation and financing activities.

Financial services

A registered financial services provider...

Grindrod Bank is a registered financial services provider, regulated by the South African Reserve Bank and is an Authorised Financial Services and Credit Provider (NCRCP25). Established in 1994, the Bank has matured into a competitive niche bank, with a particularly strong reputation in property finance and wealth management.