Grindrod Bank Asset Management

Grindrod Bank Asset Management

INVESTMENTS

EXCHANGE TRADED FUNDS

Located in Johannesburg, the heart of Africa’s financial industry, CORESHARES is a business within the Grindrod Financial Services Group that managers a collective investment scheme in securities, specialises in index tracking investment solutions across Exchange Traded Funds. An Exchange Traded Fund or ETF, is an investment fund that tracks an index, like the JSE All Share Index.  Essentially ETFs are a “basket” of shares, rather than a single stock, so by buying ETFs investors are exposed to multiple companies while simply buying one share.  ETFs are traded much like stocks through the stock exchange, but because of their diversified nature they have lower risk and generally reduced volatility.



CORESHARES’ goal is to transform the way people invest by providing them with high quality core products at greatly reduced rates in order to help build their investment portfolios.  By investing in CORESHARES ETFs you will have access to high quality ETFs at lower fees.

Our goal at CORESHARES is to transform the way you invest by providing you with quality products to help build the foundations of your core investment portfolio. Find out more

CORPORATE LENDING

PRIVATE CLIENT LENDING

We provide short-to-medium term financing options to existing Grindrod Securities, Grindrod Asset Management and Grindrod Bank clients. These facilities are secured by our clients’ portfolios which enable them to either re-invest into their respective investments or gear their portfolios for other business interests. Term loans and overdraft facilities are also offered to business entities on the proviso that the facility is secured by first class security.

Our experienced team of relationship bankers are ready to provide you with innovative solutions and a personalised service.

COMMERICAL PROPERTY FINANCE

TRADITIONAL MORTAGE FINANCE

Grindrod Bank provides property finance solutions that can be designed and tailored for the purchase or development of small to medium scale commercial properties, redevelopment projects and refurbishments. Traditional property mortgage finance is offered where properties are geared up to a level of around 70% of their value or purchase price.

Funding over and above this traditional level is considered mezzanine finance, which is a hybrid of traditional mortgage finance and equity funding. This is utilised to bridge the gap between the available equity a client may have and the traditional mortgage loan.



MEZZANINE FINANCE

Our property division specialises in providing mezzanine finance, on a select basis against quality real estate to property investors who have an established track record in the industry, with the Bank’s economic benefit being determined on a deal-by-deal basis. 

Mezzanine funding allows our clients the opportunity to utilise scarce capital resources across multiple property transactions, leveraging quality assets optimally and hence enhancing their return on capital.  

This is a highly specialised product that is assessed on a deal by deal basis, please contact one of our consultants to discuss this further.

DEBTOR FINANCE

At Grindrod Bank, we understand that the key to a successful business, is a healthy cash flow.  Extended terms for customers is a  common  business practice that can impact cash flow negatively.  Debtor finance is a short-term financing solution which is used to improve cash flow. It allows a business to use the cash due to them from customers in advance, rather than waiting for them to pay. This in turn places you in a stronger position to negotiate more favourable discounts with your suppliers.

Grindrod Bank purchases the debtors book and will make early payments on invoices for a period of up to 120 days. The debtor finance facility is aimed at clients with one or more large debtors, which are either blue-chip companies or qualify for credit insurance.

BENEFITS

  • An improvement in your cash flow position as the Bank will advance between 70% and 80% of your fundable debtors book with the balance made available on receipt of the funds from the debtor;
  • Surplus cash would enable you to negotiate better discounts and become more competitive in the marketplace; and 
  • A working capital facility that would grow in line with your debtor’s book.

QUALIFYING CRITERIA

The following minimum qualifying criteria apply:

  • Well-established business;
  • Good spread of trade debtors with strict trading terms (not exceeding 90 days from statement);
  • A debtors’ book in excess of R10 million;
  • The business should have good controls, processes and financial systems;
  • Good credit management and financial controls;
  • We not only place reliance on the debtor’s book as collateral, but also takes guarantees from the business’s stakeholders.


If your Company is a growing business involved in manufacturing or wholesale distribution with good debtors, contact us so that we can help you unlock your cash flow.