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During 2018, Grindrod spun off its shipping business and was restructured into two main pillars, the largest being its freight division housing the logistics and port and terminal business (which includes a 24.7% stake in the Maputo Port Development Co, or MPDC).

Less significant to the group on an operating profit level is the financial services division, which holds a 96.5% stake in Grindrod Bank...

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