THE POWER OF HUMAN CAPITAL

Grindrod Bank is a national financial institution based in South Africa, with offices in Durban, Cape Town, Johannesburg and Pretoria.

For nearly two decades, Grindrod Bank has operated as a competitive investment bank offering a personalised approach to financial services through its established relationships with private, corporate and institutional investors. With our focus on leveraging a well-capitalised balance sheet with human intellect, Grindrod Bank has been able to build a solid client franchise and act strategically in navigating the evolving financial landscape.

SASSA Project

Grindrod Bank proudly provides banking services for the South African Social Security Agency (SASSA) grant recipients. Our close association with Cash Paymaster Services (CPS) - who provide the card technology and manage the card programme on behalf of the government of South Africa - involves the monthly payments of 20.9 million grants to 9.77 million distinct cardholders amounting to R9.5 billion.

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LATEST INFORMATION

Wealthy earners’ retirement dilemma

Tax deductible contributions to retirement funds to be capped at R350 000 from March 1. Grindrod Asset Management has developed the Restricted Equity Plan, “an alternative savings product that allows companies to make equity awards to selected staff, the proceeds of which are invested in an equity fund and do not form part of the members taxable income whilst restricted”.