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.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
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Reserve Bank sounds frank warning | Business | M&G
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BUSINESS MAVERICK: Race for low-to-middle income consumers heats up in SA’s insurance industrySA’s financial services sector is in for a shake-up. Discovery Bank, TymeBank and Bank Zero, which are underpinned by technology, will change the way in which people bank. In the process, they will challenge the dominance of the big four banks. The boring insurance industry will also reform, with the emergence of new players, African Rainbow Life and Sithega Holdings, which want to serve low-to-mid income consumers.
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