Grindrod has been an astonishing growth stock in the JSE mid-cap sector. It’s rallied nearly 300% over the past three years as the wider market eventually saw the underlying potential of the slimmed-down group and its prospects in rail transport.

As superfluous assets that had been accumulated over the years were exited — such as Grindrod Bank, the agricultural assets and much of the private equity interests — a renewed focus on logistics, ports and rail has powered investor interest in the stock and the share price...

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