Future synergies are on the cards between Grindrod Trading Holdings (Pty) Ltd and Senwes Limited following the acquisition of a 20% share for R444 million at a price of R12.29 per share by Grindrod Trading in Senwes.

Grindrod Limited, the JSE listed freight Logistics Company, through its four divisions of Freight, Trading, Shipping and Financial Services specializes in the trading, handling and transportation of bulk commodities – which includes agricultural products – by road, rail and sea.

Wayne Hartmann, CEO Grindrod Trading says, “Grindrod continues to execute its strategy to provide a complete service offering that includes origination, processing, hedging, distribution, supply chain management, risk management and financing activities for its customers in the agri-processing industry –a complete value chain solution”.

Francis Strydom MD of Senwes adds, “We are extremely fortunate to have been able to procure Grindrod as a strategic shareholder and we foresee that given both parties’ strategies, major opportunities within each of our sectors could be pursued.”

Senwes, established in 1909 is one of the leading agribusiness companies in South Africa with retail and grain operations throughout the central region of South Africa as well as grain trading offices in Malawi, Zambia and Mozambique.  The company’s main business is the provision of input products for agricultural production, market access for grain produce, as well as financial, technical, insurance and logistical services to grain producers.