UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ________)*
 GRINDROD SHIPPING HOLDINGS  LIMITED
(Name of Issuer)
Common Stock
(Title of Class of Securities)
9999019087

(CUSIP Number)
 Elana Honiball
PSG House; Alphen Park, Constantia Main Road, Constantia, Cape Town,7806
+27(21)799 8243
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
28 September 2018
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
  Rule 13d-1(b)
  Rule 13d-1(c)
  Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).


CUSIP No. 9999019087	 	13G	 	Page 2 of 3 Pages


1.	 	NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

PSG Asset Management (Pty) Limited

2.	 	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a)
(b)
3.	 	SEC USE ONLY

4.	 	CITIZENSHIP OR PLACE OF ORGANIZATION

 Cape Town, South Africa

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH	 	5.	 	SOLE VOTING POWER

2 026 572
	 	6.	 	SHARED VOTING POWER

00,000
	 	7.	 	SOLE DISPOSITIVE POWER

00,000
	 	8.	 	SHARED DISPOSITIVE POWER

00,000

9.	 	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

2 026 572
10.	 	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(see instructions)
11.	 	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

10.63%
12.	 	TYPE OF REPORTING PERSON (see instructions)

BD




CUSIP No. 9999019087	 	13G	 	Page 2 of 3 Pages

Item 1.
 	(a)	Name of Issuer
 GRINDROD SHIPPING HOLDINGS  LIMITED

 	(b)	Address of Issuers Principal Executive Offices
200 Cantonment Road, #03-01 Southpoint, Singapore, 089763




Item 2.
 	(a)	Name of Person Filing
 PSG Asset Management (Pty) Limited

 	(b)	Address of the Principal Office or, if none, residence
 PSG House, Alphen Park, Constantia Main Road, Constantia, Cape Town, 7806

 	(c)	Citizenship
Cape Town, South Africa

 	(d)	Title of Class of Securities
Common Stock

 	(e)	CUSIP Number
9999019087

Item 3.  If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
 	(a)		Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

 	(b)		Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

 	(c)		Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

 	(d)		Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

 	(e)		An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E);

 	(f)		An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F);

 	(g)		A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G);

 	(h)		A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

 	(i)		A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

 	(j)		Group, in accordance with 240.13d-1(b)(1)(ii)(J).

Item 4.  Ownership.
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 	(a)	 	Amount beneficially owned:  2 026 572

 	(b)	 	Percent of class:  10.63%

 	(c)	 	Number of shares as to which the person has:  00,000

 	 	 	(i)	Sole power to vote or to direct the vote  2 026 572

 	 	 	(ii)	Shared power to vote or to direct the vote  N/A.

 	 	 	(iii)	Sole power to dispose or to direct the disposition of  N/A

 	 	 	(iv)	Shared power to dispose or to direct the disposition of  N/A.

Instruction. For computations regarding securities which represent a right to acquire an underlying security see 240.13d-3(d)(1).
Item 5.  Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following
Instruction. Dissolution of a group requires a response to this item.
Item 6.  Ownership of More than Five Percent on Behalf of Another Person.
Not Applicable
Item 7.  Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.
 Not Applicable
Item 8.  Identification and Classification of Members of the Group.
 Not Applicable
Item 9.  Notice of Dissolution of Group.
 Not Applicable
Item 10.  Certification.

 	(a)	 	The following certification shall be included if the statement is filed pursuant to 240.13d-1(b):

 	 	 	By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 	(b)	 	The following certification shall be included if the statement is filed pursuant to 240.13d-1(c):

 	 	 	By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.



CUSIP No. 9999019087	 	13G	 	Page 2 of 3 Pages

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

04 October 2018
Date

/s/ Elana Honiball
Signature

Head, Legal & Compliance PSGAM
Name/Title