Our business profile and structure
Grindrod Freight Services uses cost-effective and efficient solutions for its customers' cargo flow of commodities, which span mining, agriculture, project and containerised cargo.
We offer tailored solutions across the supply chain for the efficient, end-to-end delivery of diversified cargo to the ports and on to global markets.
Grindrod Bank has been an authorised financial services and credit provider for more than 25 years. It is regulated by the South African Reserve Bank (SARB).
Our leadership team comprises industry leaders with diverse and extensive experience
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Andrew Waller
CEO,
Grindrod Limited
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CA(SA)
Appointed 1 March 2011
Andrew joined Grindrod Limited in 2011 as financial director, after working at Deloitte & Touche in Scotland and South Africa for 15 years.
He was appointed as CEO on 1 September 2018 and serves as a director on the boards of various local and international Grindrod Limited subsidiaries. He serves as a non-executive director of the Spar Group Limited.
CEC, CIC, MSE, MRI
Andrew joined Grindrod Limited in 2011 as financial director, after working at Deloitte & Touche in Scotland and South Africa for 15 years.
He was appointed as CEO on 1 September 2018 and serves as a director on the boards of various local and international Grindrod Limited subsidiaries. He serves as a non-executive director of the Spar Group Limited.
CEC, CIC, MSE, MRI
Fathima Ally
CFO,
Grindrod Limited
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CA(SA)
Appointed 1 September 2020
Fathima is a director of various local and international Grindrod subsidiaries. Before joining Grindrod, Fathima was a partner at Deloitte from 2013. She has extensive audit and assurance experience, having worked with multi-national listed companies across various industries.
MEC
Fathima is a director of various local and international Grindrod subsidiaries. Before joining Grindrod, Fathima was a partner at Deloitte from 2013. She has extensive audit and assurance experience, having worked with multi-national listed companies across various industries.
MEC
Xolani Mbambo
CEO,
Grindrod Freight Services
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CA(SA), AMP (Harvard)
Appointed 1 September 2018
Prior to joining Grindrod in March 2013, Xolani spent over a decade in the mining industry in various roles. He worked in Anglo American's offices in Johannesburg and London, its then mining operation in Mpumalanga and its gas exploration office in Gaborone. Having spent time as Grindrod's Freight Services CFO since 2013, Xolani accepted a Group Financial Director role in September 2018. In February 2021, he returned to Freight Services to assume the CEO responsibilities.
MEC, MRI
Prior to joining Grindrod in March 2013, Xolani spent over a decade in the mining industry in various roles. He worked in Anglo American's offices in Johannesburg and London, its then mining operation in Mpumalanga and its gas exploration office in Gaborone. Having spent time as Grindrod's Freight Services CFO since 2013, Xolani accepted a Group Financial Director role in September 2018. In February 2021, he returned to Freight Services to assume the CEO responsibilities.
MEC, MRI
David Polkinghorne
CEO,
Grindrod Bank Limited
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BCom, MA (Oxon)
Appointed 22 November 2006
David has been involved in the financial services sector for more than 30 years. Besides serving as CEO of Grindrod Bank Limited, David serves as director of several companies, trustee of various charitable trusts and foundations, and chair of the Grindrod Provident Fund. He has had exposure to all areas of corporate and investment banking and, in particular, has extensive experience in commercial property finance, private equity and corporate finance.
MEC, MRI
David has been involved in the financial services sector for more than 30 years. Besides serving as CEO of Grindrod Bank Limited, David serves as director of several companies, trustee of various charitable trusts and foundations, and chair of the Grindrod Provident Fund. He has had exposure to all areas of corporate and investment banking and, in particular, has extensive experience in commercial property finance, private equity and corporate finance.
MEC, MRI
Michael Hankinson
Non-executive chair,
Grindrod Limited
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BCom, CA(SA)
Appointed 15 December 2009
Mike was appointed as chair of Grindrod Limited in 2014 after serving as a non-executive director from 2009. During 2017, Mike assumed the position of executive chair as an interim arrangement to manage stakeholder value-creation in terms of Grindrod's revised restructuring strategy. He resumed his position as non-executive chair on 22 November 2018. He is a former non-executive director of numerous listed and unlisted companies. He served as chair of the Spar Group from 2004 until 2021 and previously as CEO of Romatex Limited and Dunlop Tyres International Proprietary Limited.
MIC, CNC, MRC, MSE, MRI
Mike was appointed as chair of Grindrod Limited in 2014 after serving as a non-executive director from 2009. During 2017, Mike assumed the position of executive chair as an interim arrangement to manage stakeholder value-creation in terms of Grindrod's revised restructuring strategy. He resumed his position as non-executive chair on 22 November 2018. He is a former non-executive director of numerous listed and unlisted companies. He served as chair of the Spar Group from 2004 until 2021 and previously as CEO of Romatex Limited and Dunlop Tyres International Proprietary Limited.
MIC, CNC, MRC, MSE, MRI
Cheryl Carolus
Independent non-executive director
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BA Law, B.Ed, Honorary Doctorate in Law (UCT)
Appointed 01 October 2021
Cheryl will be appointed as chair of the Company on the retirement of current chair Mike Hankinson at the 3 June 2022 AGM. Cheryl served on the boards of numerous listed companies, including De Beers and Investec, and as chair of Gold Fields. Cheryl also previously served as chair of South African Airways, on the South African National Parks Board and on the boards of public and private partnerships that focus on socioeconomic and empowerment challenges. She has a long history of serving on the boards of non-profit organisations such as the International Crisis Group, Soul City, World Wildlife Fund, the British Museum and the SA Constitution Hill Education Trust.
To join MIC, CNC, MRC, MSE, MRI during 2022
Cheryl will be appointed as chair of the Company on the retirement of current chair Mike Hankinson at the 3 June 2022 AGM. Cheryl served on the boards of numerous listed companies, including De Beers and Investec, and as chair of Gold Fields. Cheryl also previously served as chair of South African Airways, on the South African National Parks Board and on the boards of public and private partnerships that focus on socioeconomic and empowerment challenges. She has a long history of serving on the boards of non-profit organisations such as the International Crisis Group, Soul City, World Wildlife Fund, the British Museum and the SA Constitution Hill Education Trust.
To join MIC, CNC, MRC, MSE, MRI during 2022
Nkululeko Sowazi
Lead independent non-executive director
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MA (UCLA)
Appointed 25 February 2014
Nkululeko has considerable experience in investment management and has vast knowledge of and exposure to the mining, infrastructure and financial services sectors. Nkululeko chairs the boards of Litha Healthcare Holdings, Kagiso Tiso Holdings, and Tiso Investment Holdings (which he co-founded). He also currently serves as a non-executive director on the boards of Idwala Industrial Holdings, Actom Holdings, Vanguard Group (in Ghana), MTN Group, and industrial conglomerate Bud Group. He previously served on the boards of, inter alia, Aveng Limited and Exxaro Resources Limited.
MIC, CNC, MRC, MSE, MRI
Nkululeko has considerable experience in investment management and has vast knowledge of and exposure to the mining, infrastructure and financial services sectors. Nkululeko chairs the boards of Litha Healthcare Holdings, Kagiso Tiso Holdings, and Tiso Investment Holdings (which he co-founded). He also currently serves as a non-executive director on the boards of Idwala Industrial Holdings, Actom Holdings, Vanguard Group (in Ghana), MTN Group, and industrial conglomerate Bud Group. He previously served on the boards of, inter alia, Aveng Limited and Exxaro Resources Limited.
MIC, CNC, MRC, MSE, MRI
Grant Gelink
Independent non-executive director
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CA(SA), BCompt (Hons), BCom (Hons), H Dip Education, Dip Public Administration
Appointed 1 January 2013
Grant is a non-executive director of Altron Limited, MTN Zhakele Limited and First Rand Limited. His extensive work experience with Deloitte & Touche spans over 26 years and he served as Chief Executive from 2006 until his retirement from the firm in 2012.
CAC
Grant is a non-executive director of Altron Limited, MTN Zhakele Limited and First Rand Limited. His extensive work experience with Deloitte & Touche spans over 26 years and he served as Chief Executive from 2006 until his retirement from the firm in 2012.
CAC
Walter Grindrod
Non-executive director
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Appointed 23 August 2019
Walter joined Grindrod in 1990 and worked across numerous divisions, covering services offered by Grindrod in warehousing and container services, road transportation, marine tally, ships agency and Unicorn coastal service. He was executive director for Grindrod International Freight, which later became Röhlig-Grindrod, from 1999 to 2007, before being appointed as head of business development for Grindrod until 2017. Walter is a director of several companies and a trustee of various charitable trusts.
MIC, CSE
Walter joined Grindrod in 1990 and worked across numerous divisions, covering services offered by Grindrod in warehousing and container services, road transportation, marine tally, ships agency and Unicorn coastal service. He was executive director for Grindrod International Freight, which later became Röhlig-Grindrod, from 1999 to 2007, before being appointed as head of business development for Grindrod until 2017. Walter is a director of several companies and a trustee of various charitable trusts.
MIC, CSE
Ben Magara
Independent non-executive director
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BSc Mining Engineering (Hons)
Appointed 30 January 2020
Ben has extensive executive experience across all facets of the mining industry, as a former Anglo American executive and CEO of Anglo Coal South Africa. Most recently, Ben served as Chief Executive of Lonmin Plc. His previous board directorships also include chairship of Richards Bay Coal Terminal. He is the founder and chair of Africa Mining and Metals Group Proprietary Limited.
MRI
Ben has extensive executive experience across all facets of the mining industry, as a former Anglo American executive and CEO of Anglo Coal South Africa. Most recently, Ben served as Chief Executive of Lonmin Plc. His previous board directorships also include chairship of Richards Bay Coal Terminal. He is the founder and chair of Africa Mining and Metals Group Proprietary Limited.
MRI
Deepak Malik
Non-executive director
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CA, BCom (Hons)
Appointed 1 December 2021
Deepak has extensive experience and knowledge of the investment and financial services sector. He was CEO of Arise and previously served as the head of the Financial Institutions Department of Norfund, CEO of the Development Bank of Zambia, senior executive in Zambia Consolidated Copper Mines Limited, and Audit Manager at KPMG. He has been instrumental in promoting investment in Southern Africa and in unlocking economic potential in Africa.
MAC
Deepak has extensive experience and knowledge of the investment and financial services sector. He was CEO of Arise and previously served as the head of the Financial Institutions Department of Norfund, CEO of the Development Bank of Zambia, senior executive in Zambia Consolidated Copper Mines Limited, and Audit Manager at KPMG. He has been instrumental in promoting investment in Southern Africa and in unlocking economic potential in Africa.
MAC
Petrus Uys
Independent non-executive director
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MSc (Engineering), MBA
Appointed 30 August 2013
Pieter serves as director on several major local and international companies, including the Remgro Management Board. Pieter is a former CEO of Vodacom Limited.
MIC, MNC, CRC, CRI
Pieter serves as director on several major local and international companies, including the Remgro Management Board. Pieter is a former CEO of Vodacom Limited.
MIC, MNC, CRC, CRI
Zimkhitha Zatu Moloi
Independent non-executive director
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BCom, H Dip Accountancy, MSc Corporate Finance, CA(SA)
Appointed 30 January 2020
Zimkhitha is a chartered accountant with external audit experience in the automotive, pharmaceutical and industrial manufacturing industries. She has worked with the IDC, PPC and Standard Bank. She is currently a non-executive director of Sun International and Safcol SOC Ltd and a board member of various trusts and organisations.
MAC, MSE
Zimkhitha is a chartered accountant with external audit experience in the automotive, pharmaceutical and industrial manufacturing industries. She has worked with the IDC, PPC and Standard Bank. She is currently a non-executive director of Sun International and Safcol SOC Ltd and a board member of various trusts and organisations.
MAC, MSE
Willem van Wyk
Independent non-executive alternate director
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CA(SA), BAcc (Hons), BCom (Hons) (Taxation)
Appointed 30 January 2020
Willem is a chartered accountant employed as a corporate investment manager at Remgro. He joined Remgro as Group tax manager before transferring to the Corporate Finance Division. Willem contributes extensive experience in tax, due diligence and valuations, across a wide range of industries.
Willem is a chartered accountant employed as a corporate investment manager at Remgro. He joined Remgro as Group tax manager before transferring to the Corporate Finance Division. Willem contributes extensive experience in tax, due diligence and valuations, across a wide range of industries.