An illustrious name in shipping and logistics in SA has had a momentous couple of years, and IM sees the potential for material value uplift in Grindrod Ltd as asset sales unlock the current NAV of R11.75 a share compared to the share price of 447c at the time of writing.

Grindrod has been a feature of the SA shipping scene since 1910 and has diversified and expanded into ports, transport and logistics.

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