Our investment
In 2014, CDC invested $16.6 million in Grindrod, providing finance for the company’s project development pipeline, which includes ports in Mozambique and South Africa and a 590km freight railway between Zambia and Zimbabwe.
Environmental and social aspects
We support Grindrod in strengthening and consolidating its corporate-level environmental and social standards, and help to ensure their consistent implementation across the company’s geographies.
As part of the above, we facilitate internal discussions and deliver training on the implementation of international environmental and social standards.
Key facts
- Status:
- Exited
- Region
:
Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.
- Africa, Southern Africa
- Countries:
- South Africa
- Sector
:
We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people.
- Infrastructure
- Website:
- http://www.grindrod.co.za/
- Investment type
:
We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).
- Direct Equity
- Start date
:
For direct investments, this is the date CDC committed capital to the business or project.
For funds, this is the date that CDC committed capital to the fund.
For underlying fund investments, this is the date that the fund invested capital into the business.e
- May 2014
- End date
:
For direct equity investments, this is the date at which CDC exited the investment.
For debt investments, this is the date at which the final debt repayment was made.
For funds, this is the date at which the fund was terminated.
For underlying fund investments, this is the date at which the fund manager exited the investment.
- February 2020
- Amount
:
For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).
For funds, this is the total amount that CDC has committed to the fund.
- $16.6m
- Domicile
:
This is the investee company’s place of incorporation; or a fund’s jurisdiction.
- South Africa
