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 an expansive range of products and services. The company specialises in the management of cash deposits, corporate lending, and providing custom financial services to corporate, insititutional, and private clientele.
As a proudly South African company, have managed to make a significant contribution to the country’s transformational agenda, through their black industrialist’ programme, SME strategy, and B-BBEE implementation. The company has offices in Durban, Johannesburg, and Cape Town and they consider properties in most locations within South Africa.
It is through close collaboration with their clients, partners, and other financial institutions that they been able to grow across numerous industries and sectors.
Sectors the company assists in include:
• Investments and Savings;
• Specialised Property Finance; and
• Corporate, SME, and Investment Banking.
Their Corporate Finance and M&A team is the sub-Saharan African member firm of Oaklins, the leading international mid-market M&A advisor. The company’s range of advisory services includes M&A sell-side and buy-side, equity capital markets, listings and IPOs, valuations, fairness opinions and BEE. Grindrod Bank is a JSE Sponsor and Designated Advisor.
Their Corporate Finance and M&A team provides clients with the highest standard of independent, objective, and innovative corporate finance advice and transaction execution services. As the Oaklins South Africa office they deliver superior expertise and skills knowledge and the benefits of unparalleled worldwide networks.
The Corporate and SME Banking division offers products and services designed to assist customers in building value, managing growth and maximising the company’s potential.
The division provides short-term facilities of between R10 million and R50 million, aimed at improving and enhancing cash flow management and working capital cycle. They also focus on transactions where funding is utilised to grow well managed, small to mid-market companies, with a history of steady profits and strong cash-flow generation.
The company offers:
• Debtor Finance;
• Overdraft Facilities; and
• Term Debt.
The company offers a diverse range of deposit, lending and payment services, including tailoured solutions to business clients, ranging from sole practitioners to corporate professional firms, with whom they engage through various channels including dedicated portfolio managers.
Grindrod Bank’s property division focuses on customised financial solutions for development and investment opportunities. The focus is on traditional commercial and industrial property funding, which can extend to retail centres and office buildings.
Funding options range from traditional senior finance to higher leverage mezzanine debt:
• Traditional senior mortgage finance is offered where properties are geared up to a level of approximately 70% of bank value; and
• Funding over and above the traditional level is considered mezzanine debt which is used to bridge the gap between the available equity and the traditional senior debt level.