Grindrod said to seek equity partner for banking business

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Grindrod Bank is 28% black-owned, and it has been investigating growth opportunities for the business over the past year

Freight and logistics company Grindrod is seeking an equity partner for its financial-services business to drive an expansion, according to people familiar with the matter.

The deal would also provide additional cash to the lender as it prepares to beef up its retail offering in an increasingly competitive sector, they said.

 

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