Grindrod Management
Management criteria checks 2/4
We currently do not have sufficient information about the CEO.
Key information
Kwazi Mabaso
Chief executive officer
R8.0m
Total compensation
| CEO salary percentage | 6.48% |
| CEO tenure | less than a year |
| CEO ownership | n/a |
| Management average tenure | 5.8yrs |
| Board average tenure | 1.7yrs |
Recent management updates
Recent updates
Narrative Update • Jul 14
GND: New Major Holder And Higher P/E Will Cap Future Upside
Analysts have revised their price target for Grindrod to ZAR27.00 from ZAR22.30, reflecting updated assumptions around profit margins and future P/E multiples, while keeping the discount rate and revenue growth expectations broadly similar. What's in the News for Grindrod Coronation Asset Management Proprietary Ltd.Narrative Update • Jun 22
GND: New Major Holder Will Sustain Rich Pricing And Limit Upside
Analysts have kept their ZAR based price target for Grindrod broadly unchanged at around ZAR22.30, reflecting consistent views on fair value, discount rate, revenue growth, profit margins and future P/E assumptions. What's in the News Coronation Asset Management Proprietary Ltd.Narrative Update • Jun 06
GND: New Shareholder Entry Will Sustain Rich Pricing And Cap Near-Term Upside
Analysts have kept their ZAR fair value estimate for Grindrod steady at about ZAR22.30 per share, with only marginal technical adjustments to inputs such as the discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News Coronation Asset Management Proprietary Ltd.Narrative Update • May 10
GND: Strong EPS Guidance And New Shareholder Support Will Shape Balanced Returns
Grindrod’s analyst price target has been revised to ZAR22.30 per share, with analysts attributing this updated view to a slightly lower discount rate and marginally reduced forward P/E assumptions. What's in the News Coronation Asset Management Proprietary Ltd.Narrative Update • Apr 21
GND: Strong 2025 EPS Guidance Will Support Balanced Medium Term Return Potential
Analysts have kept their ZAR price target for Grindrod broadly in line with prior views. The updated fair value holds at about ZAR22.30, as small model refinements to the discount rate, revenue growth outlook, profit margin assumptions and future P/E result in a largely unchanged valuation picture.Narrative Update • Apr 05
GND: Strong 2025 EPS Guidance Will Support Further Upside Potential
Grindrod's analyst price target has been adjusted slightly lower to ZAR22.30 from ZAR22.70, reflecting analysts' fine tuning of fair value and P/E assumptions rather than a change in the core outlook. What's in the News Grindrod issued earnings guidance for the year ending 31 December 2025, giving a clearer view of expected profitability for the period (company guidance).Narrative Update • Mar 22
GND: Strong 2025 EPS Guidance Will Support Further Upside Potential
Analysts have updated their view on Grindrod with a refreshed price target of ZAR22.70 per share, reflecting revised assumptions for profit margins, revenue growth and future P/E expectations. What's in the News Grindrod issued earnings guidance for the year ending 31 December 2025, setting an expected EPS range of 306.3 to 313.8 cents.Narrative Update • Mar 08
GND: Strong 2025 Earnings Guidance Will Support Further Upside Potential
Analysts have kept their ZAR price target for Grindrod broadly steady at around ZAR22.00, as a slightly higher discount rate and future P/E assumptions offset softer revenue growth and profit margin expectations in their updated models. What's in the News Grindrod issued earnings guidance for the year ending 31 December 2025, giving the market more clarity on expected performance for the period.Narrative Update • Feb 21
GND: Earnings Guidance Surge Will Support Future Upside Potential
Analysts have kept their ZAR fair value estimate for Grindrod unchanged at around ZAR22.00 per share, citing only small tweaks to assumptions such as discount rate, revenue growth, profit margin and expected future P/E as the basis for maintaining their price view. What's in the News Grindrod issued earnings guidance for the year ending 31 December 2025, giving the market a clearer view of management expectations for the next reporting period (Key Developments).Narrative Update • Feb 07
GND: Steady Assumptions And Discount Rate Shift Will Support Future Upside Potential
Analysts have kept their price target for Grindrod steady at R22.00, citing largely unchanged assumptions on revenue growth, profit margins and future P/E, along with a slightly adjusted discount rate in their valuation work. Valuation Changes Fair Value: Fair value per share is kept unchanged at R22.00.Narrative Update • Jan 24
GND: Stable Assumptions And Steady Fair Value Will Support Future Upside Potential
Analysts have kept their fair value estimate for Grindrod steady at R22.00 per share, attributing this to only very small tweaks in their discount rate, revenue growth, profit margin and future P/E assumptions that do not materially change the overall valuation story. Valuation Changes Fair Value: Kept unchanged at R22.00 per share, with the updated figure aligned to R22.0. Discount Rate: Adjusted slightly from 17.259717% to 17.26525614083472%, reflecting a very small change in the required return assumption.Narrative Update • Jan 08
GND: Upcoming CEO Transition And Stable Assumptions Will Support Upside Potential
Analysts have kept their fair value estimate for Grindrod steady at R22.00. A slightly lower discount rate and a marginally reduced future P/E assumption support the updated price target narrative.Narrative Update • Dec 24
GND: New Leadership And Lower Risk Profile Will Support Upside Potential
Analysts have raised their price target on Grindrod from R18.50 to R22.00, citing a lower perceived risk profile reflected in a reduced discount rate, slightly more resilient margin expectations, and support from a richer projected earnings multiple despite marginally softer long term revenue growth assumptions. What's in the News Grindrod Limited appointed Kwazi Mabaso as CEO, effective 1 December 2025, succeeding Xolani Mbambo after a comprehensive external search process (Key Developments).Narrative Update • Aug 30
Maputo Port Upgrades And Richards Bay Expansion Will Improve Future Capacity
Grindrod’s consensus price target has been raised to ZAR18.50, reflecting modest improvements in both net profit margin and future P/E ratio. What's in the News Xolani Mbambo is stepping down as Group Chief Executive Officer of Grindrod Limited effective 31 December 2025.
New Narrative • Feb 09
Maputo Port Upgrades And Richards Bay Expansion Will Improve Future Capacity
Redeploying locomotives and infrastructure investments in South Africa could enhance asset utilization, revenue, and future earnings.CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2025 | R8m | R518k | R2b |
Compensation vs Market: Kwazi's total compensation ($USD487.62K) is below average for companies of similar size in the ZA market ($USD1.39M).
Compensation vs Earnings: Insufficient data to compare Kwazi's compensation with company performance.
CEO
Kwazi Mabaso (44 yo)
less than a year
Tenure
R7,995,000
Compensation
Mr. Kwazi Mabaso serves as Chief Executive Officer & Executive Director of Grindrod Limited from December 1, 2025. He serves as CEO of Grindrod Terminals, a strategically material segment of Grindrod's bus...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer & Executive Director | less than a year | R8.00m | no data | |
| CFO & Executive Director | 5.8yrs | R23.16m | 0.0075% ZAR 1.3m | |
| Public Relations & Marketing Manager | no data | no data | no data | |
| Group Company Secretary | 6.1yrs | no data | no data | |
| Investor Relations | no data | no data | no data |
5.8yrs
Average Tenure
Experienced Management: GND's management team is seasoned and experienced (5.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer & Executive Director | less than a year | R8.00m | no data | |
| CFO & Executive Director | 5.8yrs | R23.16m | 0.0075% ZAR 1.3m | |
| Lead Independent Director | less than a year | no data | no data | |
| Independent Non-Executive Director | 1.7yrs | R767.00k | no data | |
| Independent Non-Executive Chairperson | 1.7yrs | R859.00k | no data | |
| Non-executive Director | less than a year | no data | no data | |
| Non Executive Director | less than a year | no data | no data | |
| Non Executive Director | less than a year | no data | no data | |
| Independent Non-Executive Director | 6.5yrs | R1.07m | no data | |
| Non-Executive Director | 6.9yrs | R965.00k | 0.0032% ZAR 580.5k | |
| Independent Non-Executive Director | 4.6yrs | R1.01m | no data |
1.7yrs
Average Tenure
56yo
Average Age
Experienced Board: GND's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/23 12:59 |
| End of Day Share Price | 2026/07/22 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Grindrod Limited is covered by 4 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Mpho Mokotso | Avior Capital Markets |
| Kenneth Hearn | Barclays |
| Rowan Goeller | Chronux Research |