Directorate and management

Executive directors / committee

Andrew Waller - CA(SA)

CEO, Grindrod Limited

Appointed 1 March 2011 as Group Financial Director and 1 September 2018 as Group CEO. Director of local and international subsidiaries. Andrew was previously a partner of Deloitte & Touche for 15 years, during which time he was responsible for several South African listed companies.

Fathima Ally

Fathima Ally - CA(SA)

CFO, Grindrod Limited

Fathima was appointed Group Financial Director on 1 September 2020 and is a Director of various local and international subsidiaries. Before joining Grindrod, Fathima was a partner at Deloitte from 2013. She has extensive audit and assurance experience, having worked with multi-national listed companies across various industries.

Xolani Mbambo - CA(SA)

CEO, Grindrod Freight Services

Xolani joined Grindrod Limited in 2013 as CFO for Freight Services and held the position of Group Financial Director from 01 September 2018 to 31 August 2020. Xolani moved into operations and was appointed CEO of Freight Services on 15 February 2021. He serves on the boards of various local and international Grindrod entities. Prior to joining Grindrod, Xolani worked at Anglo American for 12 years in South Africa, Botswana and London.

David Polkinghorne - BCom, MA (OXON)

CEO, Grindrod Bank Limited

Appointed 22 November 2006. Chief Executive Officer of Grindrod Bank Limited, director of companies, trustee of various charitable trusts and foundations and chairman of the Grindrod Provident Fund. David has been involved in the financial services sector for more than 30 years. He has had exposure to all areas of corporate and investment banking and, in particular, has extensive experience in commercial property finance, private equity and corporate finance.

Non-executive directors

Michael Hankinson - BCom, CA(SA)

Chair, Grindrod Limited Non-executive

Appointed 15 December 2009. Chairman of the Spar Group Limited. Non-Executive Director of Illovo Sugar Limited. Mike is a former chief executive of Dunlop Tyres International (Pty) Limited and Romatex Limited. Chairman of the remuneration / nomination committee.

Cheryl Carolus - BA Law, B.Ed, Honorary Doctorate in Law (UCT)

Independent Non-executive Director

Appointed 01 October 2021. Cheryl has served on the boards of numerous listed companies, including De Beers and Investec, and as chair of Gold Fields. Cheryl previously served as chair of South African Airways, on the South African National Parks Board and on the boards of public and private partnerships that focus on socio-economic and empowerment challenges. She has a long history of serving on the boards of non-profit organisations such as the International Crisis Group, Soul City, World Wildlife Fund, the British Museum and the SA Constitution Hill Education Trust and was South Africa’s High Commissioner to the United Kingdom from 2001 to 2004.

Grant Gelink - CA(SA), BCompt (Hons), BCom (Hons), H Dip Education, Dip Public Administration

Independent Non-executive Director

Appointed 1 January 2013. Non-Executive Director of Altron Limited, MTN Zakhele Limited, FirstRand Limited and Santam Limited. Grant has had extensive work experience with Deloitte & Touche, which spans over 26 years, and served as Chief Executive from 2006 until his retirement from the firm in 2012.

Walter Grindrod

Non-executive Director

Appointed 23 August 2019. Walter joined the Grindrod Group in 1990 and worked across numerous Grindrod divisions covering services offered by Grindrod in warehousing and container services, road transport, marine tally, ships agency and Unicorn coastal service. He was Executive Director for Grindrod International Freight, which later became Röhlig-Grindrod, from 1999 to 2007. He was appointed Head of Business Development for the Grindrod Group in 2007. Walter left Grindrod in 2017 after 27 years’ service and was appointed as a consultant to Grindrod Limited in 2018. He is currently a Director of companies and a trustee of various charitable trusts.

Ben Magara

Ben Magara - BSc Mining Engineering (Hons)

Independent Non-executive Director

Appointed 30 January 2020. Ben is a former Anglo American Executive and CEO of Anglo Coal South Africa. Ben’s most recent role was Chief Executive of Lonmin Plc. His previous Board directorships also include Chairmanship of Richards Bay Coal Terminal. He is the Founder of Africa Mining and Metals Group (AMMG) Pty Ltd.

Nkululeko Sowazi - MA (UCLA)

Lead Independent Non-executive Director

Appointed 25 February 2014. Chairman on the board of Litha Healthcare Holdings and currently serves as a Non-Executive Director on the boards of Idwala Industrial Holdings, Actom Holdings and Vanguard Group (Ghana). Previously served on the boards of, inter alia, Aveng Limited and Exxaro Resources Limited. Nkululeko has over 15 years’ experience in investment management and has vast knowledge of and exposure to the mining, infrastructure and financial services sectors.

Petrus Uys - MSc (Engineering), MBA

Independent Non-executive Director

Appointed 30 August 2013. Director of major local and international companies and also serves on the Remgro Management Board. Pieter is a former CEO of Vodacom Limited.

Willem van Wyk - CA(SA), BAcc (Hons), BCom (Hons) (Taxation)

Independent Non-executive alternate Director

Appointed 30 January 2020. Willem is a Chartered Accountant employed as Investment Manager at Remgro. He joined Remgro as Group Tax Manager before transferring to the Corporate Finance division.

Zimkhitha Zatu

Zimkhitha Zatu - BCom, H Dip Accountancy, MSc Corporate Finance, CA(SA)

Independent Non-executive Director

Appointed 30 January 2020. Zimkhitha is a Chartered Accountant with external audit experience in the automotive, pharmaceutical and industrial manufacturing industries and has worked with the IDC, PPC and Standard Bank. She is currently a Non-Executive Director of Sun International and Safcol SOC Ltd.