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Grindrod Bank
Grindrod Bank (GRDB) is a commercial bank in South Africa. It is licensed as a "locally-controlled financial institution" by the South African Reserve Bank, the national banking regulator. Overview GRDB is a large financial services provider in South Africa, based on assets. It currently employs ninety six(96) people as of 2011. The bank's total asset base was in excess of US$550 million (ZAR:3.7 billion), with shareholders' equity in excess of US$37 million (ZAR:250 million). History The bank was established in 1994 as a subsidiary of Grindrod Limited. The bank maintains headquarters in Durban, with offices in Johannesburg, Pretoria and Cape Town. In 2006, it acquired 100% of the assets of Marriott Merchant Bank. Grindrod Bank focuses on meeting the needs of high-net-worth individuals, large corporations and institutions. Ownership As of January 2020, Grindrod Bank is 100% owned by Grindrod Financial Holdings. Grindrod Financial Holdings is 96.83% held by Grindrod Lim ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on '' Forbes'' survey of closely held U.S. businesses sold a trillion dollars' worth of goods and services ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Johannesburg
Johannesburg ( , , ; Zulu language, Zulu and xh, eGoli ), colloquially known as Jozi, Joburg, or "The City of Gold", is the largest city in South Africa, classified as a Megacity#List of megacities, megacity, and is List of urban areas by population, one of the 100 largest urban areas in the world. According to Demographia, the Johannesburg–Pretoria urban area (combined because of strong transport links that make commuting feasible) is the 26th-largest in the world in terms of population, with 14,167,000 inhabitants. It is the provinces of South Africa, provincial capital and largest city of Gauteng, which is the wealthiest province in South Africa. Johannesburg is the seat of the Constitutional Court of South Africa, Constitutional Court, the highest court in South Africa. Most of the major South African companies and banks have their head offices in Johannesburg. The city is located in the mineral-rich Witwatersrand range of hills and is the centre of large-scale gold and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Based In Durban
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of South Africa
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of South Africa
The Economy of South Africa is the third largest in Africa and the most industrialized, technologically advanced, and diversified economy in Africa overall. South Africa is an upper-middle-income economy, one of only eight such countries in Africa. Following 1996, at the end of over twelve years of international sanctions, South Africa's Gross Domestic Product (nominal) almost tripled to a peak of US$416 billion in 2011. In the same period, foreign exchange reserves increased from US$3 billion to nearly US$50 billion, creating a diversified economy with a growing and sizable middle class, within two decades of ending apartheid. Although the natural resource extraction industry remains one of the largest in the country with an annual contribution to the GDP of US $13.5 billion, the economy of South Africa has diversified since the end of apartheid, particularly towards services. In 2019, the financial industry contributed US$41.4 billion to South Africa's GDP. In 2021, South Afr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Banks In South Africa
This is a list of commercial banks in South Africa Banks Locally controlled banks * Absa Group Limited * African Bank Limited * Bidvest Bank Limited * Capitec Bank Limited * Discovery Limited * First National Bank * FirstRand Bank - A subsidiary of First Rand Limited * Grindrod Bank Limited * Imperial Bank South Africa * Investec Bank Limited * Mercantile Bank Limited * Nedbank Limited * Sasfin Bank Limited * Standard Bank of South Africa * Ubank Limited * TymeBank Co-operative banks * Ditsobotla Primary Savings and Credit Co-operative Bank * OSK Koöperatiewe Bank Beperk Foreign-controlled banks * Al Baraka Banking Group * Habib Overseas Bank Limited * Habib Bank AG Zurich * Access Bank South Africa Branches of foreign banks * Bank of Baroda * Bank of China * Bank of Taiwan * BNP Paribas * Calyon Corporate and Investment Bank * China Construction Bank Corporation * Citibank N.A. * Deutsche Bank AG * JPMorgan Chase Bank * Société Générale * Sta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Daily Maverick
''Daily Maverick'' is a South African daily online publication and weekly print newspaper, with offices in Cape Town and Johannesburg. Its readership is spread across South Africa and the world, with approximately 8 million readers per month. It was founded in 2009 by Branko Brkic, who is also the Editor-in-Chief of the publication, and Styli Charalambous, the Chief Executive Officer. The slogan of ''Daily Maverick'' is Defend Truth. Its website describes it as “a unique blend of news, information, analysis and opinion delivered from our newsrooms in Cape Town and Johannesburg, South Africa”. ''Daily Maverick'' is privately owned. The publication is funded predominately via philanthropy, commercial revenue, and reader support, the latter derived from Maverick Insider, the membership programme. Jillian Green and Janet Heard are the two managing editors. ''Daily Maverick'' is split across different sections: Business Maverick, Maverick Citizen, Maverick Life, Maverick Spo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
African Bank
African Bank Limited, is a retail bank in South Africa, that offers financial products and services. The Bank is licensed as a "locally controlled bank" by the South African Reserve Bank (SARB). Headquartered in Midrand, South Africa, the bank has a countrywide branch distribution network in addition to a full digital channel offering; as well as sales, collections and customer service Contact Centres. Overview As of 30 September 2022, African Bank Limited had total assets worth ZAR:28.695 billion, with shareholders' equity of ZAR:11.080 billion. In 2019, the bank, its subsidiaries and affiliates employed 3,886 people. History At a 1964 National Federal Chamber of Commerce (NAFCOC) conference a call was made for the creation of a bank for Black South Africans. Sam Mostuenyane, who led NAFCOC at that time, attempted to raise the capital to start the bank but failed. It was only in 1975 when R1 million was raised and met Reserve Bank approval, that it was founded. The original '' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Claremont, Cape Town
Claremont is a suburb of Cape Town, South Africa. It is situated 9 kilometres south of the city, and is one of the so-called " Southern Suburbs", it is situated alongside Lansdowne. It is an important commercial and residential area, which is currently experiencing significant growth and development. History Until the arrival of Dutch colonists in 1652, the uncultivated veld of the Cape Peninsula was used by the nomadic Khoisan as grazing for their cattle. The Dutch established an outpost on the shore of Table Bay, and in 1657 they established a number of farms south of the outpost. The most southerly of those original farms, named ''Louwvliet'' and ''Questenburg'', are today covered by the suburbs of Claremont and Newlands. The area was agricultural for about 150 years. Other estates that were established included ''Veldhuyzen'' in 1676, ''Stellenberg'' in 1697, ''Weltevreden'' (originally part of Stellenberg) in 1730, ''Sans Souci'' (originally part of Questenburg) in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sandton
Sandton is an upscale commercial and residential district north of the city of Johannesburg, South Africa. It forms part of the City of Johannesburg Metropolitan Municipality. The name of the city came from the combination of two of its suburbs, Sandown and Bryanston. In 1969, Sandton was promulgated as a municipality in its own right, but lost its status as an independent city after the re-organisation of South African local governments after Apartheid ended. History Early settlers Archaeological findings suggest the area, which Sandton comprises today, had originally been occupied by various indigenous groups, before European settlement, most notably the Tswana and, to a lesser extent, Sotho people. The remains of an Iron Age smelter was discovered in Lone Hill, a suburb of northern Sandton. One of the first Voortrekker parties to settle in the area were the Esterhuysen family on the farm Zandfontein (Afrikaans and Dutch for ''Sandy Spring'' or ''Sand Fountain''). A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Transportation
Transport (in British English), or transportation (in American English), is the intentional movement of humans, animals, and goods from one location to another. Modes of transport include air, land ( rail and road), water, cable, pipeline, and space. The field can be divided into infrastructure, vehicles, and operations. Transport enables human trade, which is essential for the development of civilizations. Transport infrastructure consists of both fixed installations, including roads, railways, airways, waterways, canals, and pipelines, and terminals such as airports, railway stations, bus stations, warehouses, trucking terminals, refueling depots (including fueling docks and fuel stations), and seaports. Terminals may be used both for interchange of passengers and cargo and for maintenance. Means of transport are any of the different kinds of transport facilities used to carry people or cargo. They may include vehicles, riding animals, and pack animals. Vehicle ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Logistics
Logistics is generally the detailed organization and implementation of a complex operation. In a general business sense, logistics manages the flow of goods between the point of origin and the point of consumption to meet the requirements of customers or corporations. The resources managed in logistics may include tangible goods such as materials, equipment, and supplies, as well as food and other consumable items. In military science, logistics is concerned with maintaining army supply lines while disrupting those of the enemy, since an armed force without resources and transportation is defenseless. Military logistics was already practiced in the ancient world and as the modern military has a significant need for logistics solutions, advanced implementations have been developed. In military logistics, logistics officers manage how and when to move resources to the places they are needed. Logistics management is the part of supply chain management and supply chain enginee ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
