Billionaire Rupert-Backed Grindrod Seeks Buyers for Its Bank

Johann Rupert

Photographer: Chris Ratcliffe/Bloomberg 

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Grindrod Ltd. has revived talks with potential buyers for its South African banking business, according to people familiar with the matter, revisiting a plan previously looked at three years ago.

The sales process is generating interest from South African and international buyers, said the people, who asked to not to be identified as the discussions are still private.