GrindrodBank

Grindrod Bank is an established and reputable financial institution in South Africa that offers a variety of products and services regulated by the South African Reserve Bank and the Financial Services Conduct Authority.

Good corporate governance and ethical business practices at Grindrod Bank

The bank follows good corporate governance and ethical business practices. Grindrod Bank has a strong corporate culture that demands ethical behaviour from its employees, and it is dedicated to providing personalised services and products. The bank values the close relationships it has with its clients and aims to contribute meaningfully to the South African economy.

Grindrod Limited: unlocking trade corridors and creating sustainable value

They believe that adapting financial products and services to meet the unique challenges faced by small businesses and entrepreneurs from previously disadvantaged communities is crucial to bringing new players into the economy.

The bank's parent company, Grindrod Limited, is listed on the JSE and operates in 30 countries worldwide. Grindrod Limited focuses on unlocking trade corridors and investing in strategic infrastructure to facilitate the movement of cargo from pit to port and onto international markets, with a vision of creating sustainable returns and long-term value for shareholders.

The perfect combination of technology, experience, and financial strength

Grindrod Bank's mission is to be your top choice by providing you with unmatched customer service. The bank achieves this by providing solutions that combine its technology, experience, and financial strength. Their values emphasise intellect, innovation, and integrity, as the bank strives for success through operational excellence, collaboration, speed, and agility.

Empowering exceptional individuals to drive innovation: Grindrod Bank's recipe for success

At Grindrod Bank, people are highly valued, and their contribution to the bank's success is recognised.

The bank seeks out outstanding individuals who are empowered to generate and develop innovative ideas, leading to the creation of effective and efficient financial services and products for clients. The bank's flat hierarchical structure facilitates quick access to top management, enabling fast decision-making and completion of deals.

Grindrod Bank upholds high ethical standards, promotes equal opportunities, and values treating employees with respect and dignity, which is overseen by its Employment Equity Committee.

The bank's leadership, including CEO Zwelibanzi Manyathi, CFO Rakesh Garach, and Group Executive David Polkinghorne, is highly skilled and experienced in leading and managing a dynamic, niche bank that is responsive to the evolving needs of its clients.

A one-size-fits-all approach is often not suitable for commercial property financing. Flexibility allows investors to structure their financing according to their specific needs and circumstances, such as interest rates, repayment terms, and collateral requirements.

This can help investors maximise their returns and manage risk effectively. A lender that offers flexible financing options can provide investors with greater certainty and confidence, enabling them to seize investment opportunities that may not have been possible with rigid financing terms.

Specialist commercial property development finance

Grindrod Bank's property division offers a range of financial solutions for both development and investment opportunities. With a focus on commercial and industrial property funding, including retail centres and office buildings, the bank provides tailored financing options to meet the unique needs of each client.

Traditional finance for commercial property investments and developments

One of the main funding options available is traditional senior mortgage finance, where properties are geared up to around 70% of bank value. This option is ideal for clients who want to invest in commercial properties without committing all their available capital.

Mezzanine finance at Grindrod Bank

For clients who require additional financing beyond the traditional senior debt level, Grindrod Bank offers mezzanine debt.

This option bridges the gap between the available equity and the traditional senior debt level, providing clients with greater flexibility and a higher leverage option. Mezzanine debt is ideal for clients who need to secure financing quickly and want to maximize their returns on investment.

A dedicated team of commercial property finance specialists

Grindrod Bank's property division operates out of offices in Durban, Johannesburg, and Cape Town, but is able to consider properties in most locations within South Africa.

The bank's team of property finance experts are dedicated to providing exceptional service and support to clients, and are available to answer any queries clients may have.

Whether clients are looking to invest in commercial or industrial properties, or require financing for development projects, Grindrod Bank's property division offers flexible and tailored financial solutions to meet their needs.

Finance tailored to your unique needs

Grindrod Bank's expertise in the property sector allows for financing structures that are uniquely suited to the needs of property investors and developers, such as interest-only periods during development or staged drawdowns.