Share

Grindrod hijacks PSG crew

Johannesburg - Grindrod Bank, the specialist financial services company owned by shipping giant Grindrod, has recently become the port of call for several small companies looking for corporate advisory services.

In the last few weeks Fin24.com has noticed a handful of smaller listed companies - including Verimark, Rolfes Technology, Dynamic Technologies and ARB Holdings - switching to Grindrod Bank.

Most companies moved over to Grindrod Bank with immediate effect.

This can't be coincidental, and it seems Grindrod Bank has 'acquired' the services of a number of top staff at PSG Capital.

All four companies mentioned earlier in the article were previously clients of PSG Capital.

Grindrod Bank head of corporate finance Jannie Grobbelaar confirmed the company has strengthened its corporate finance offering by the appointment of a new team.

"Naturally, some clients, with whom the team has had long and personally strong relationships, have opted to follow them to Grindrod Bank."

He said the appointments were part of Grindrod Bank's strategy to enhance the reach and depth of services to the small to mid cap market.

"These people bring a wealth of experience and skills with them".

- Fin24.com

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
18.94
-0.0%
Rand - Pound
23.91
-0.0%
Rand - Euro
20.41
+0.1%
Rand - Aus dollar
12.34
+0.0%
Rand - Yen
0.13
-0.1%
Platinum
908.05
+1.2%
Palladium
1,014.94
+1.3%
Gold
2,232.75
-0.0%
Silver
24.95
-0.1%
Brent Crude
87.00
+1.8%
Top 40
68,346
+1.0%
All Share
74,536
+0.8%
Resource 10
57,251
+2.8%
Industrial 25
103,936
+0.6%
Financial 15
16,502
-0.1%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders