Subscribe & Follow
Jobs
- General Manager Johannesburg
- HR Officer Johannesburg
- Vinyl Cutter and Laminator Goodwood
- Branch Manager/New Business Developer - Paper Bags and Food Packaging Cape Town
- Senior Bookkeeper Irene
- DIE Cutting Operator Durban
- Electronic Workshop Technician Vereeniging
Grindrod to raise R4bn for project funding
The company said the proposed capital raising would provide the equity for the planned expansion of terminal capacity‚ port and rail infrastructure and locomotives‚ as well as for further agricultural investments.
"The company is in the final stages of negotiations with its black economic empowerment partners (BEE) Calulo and Solethu Investments‚ to buy their interests in some subsidiaries of Grindrod to create greater alignment between the subsidiary companies‚" Grindrod said.
Grindrod will conclude a new BEE transaction with a consortium of black investors‚ which includes Calulo and Solethu.
Following a book-build placement‚ Grindrod plans to issue Grindrod shares to the consortium to raise up to R1.6bn by way of a specific issue of shares for cash.
Source: I-Net Bridge
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za