Grindrod retires from Grindrod, company buys 50% of heavy lift firm
Murray Grindrod on Friday retired from South African shipping and logistics company Grindrod Ltd. after 21 years as chairman and 50 years with the group.
The Durban company has named Ivan Clark, deputy chairman and former chief executive officer, as Murray Grindrod's successor.
In a separate development, Grindrod Ltd. has acquired a 50 percent interest in Vanguard, a heavy lift logistics specialist based in Johannesburg, subject to competition board approval.
Grindrod retires from Grindrod, company buys 50% of heavy lift firm
