Grindrod’s strategy of providing services throughout the complete commodity supply chain was reaffirmed as the right strategy for the group.
2011 has been an important year for Grindrod. Over the past number of years the group has been able to fund its growth into logistics and ports and terminals infrastructure by utilising the profits from the Shipping division. With the decline in shipping markets resulting from an oversupply of new ships worldwide, a review of the group’s funding requirements was necessary to enable us to take advantage of significant strategic opportunities as they arose. This led to a re-evaluation of Grindrod’s strategy in respect of key investment projects, equity and funding sources.