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BEE consortium invests R1.6bn for 8.4% share in Grindrod

Following the announcement to shareholders on 8 April 2014, Grindrod Limited, the integrated shipping and logistics business, and Brimstone Investment Corporation Limited (Brimstone), both listed on the JSE, are pleased to announce the successful completion of the Black Economic Empowerment (BEE) transaction which has resulted in 8.4% shareholding in Grindrod Limited held by the Black Empowerment Consortium (the Consortium) for a total consideration of R1.6bn.

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