After years of a sinking share price, Grindrod might turn out to be one of the most rewarding deep-value plays on the JSE in the next two years.

As things stand, the ports and logistics specialist is offering a discount of 72% on a last-stated NAV of close to R12.40 a share. At the time of writing Grindrod’s market capitalisation was only R2.65bn on a share price of 347c...

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