The tanker and bulker company said the placement to institutional investors was "significantly over-subscribed" at ZAR 25 each, a discount of 1.6% to the closing price on Thursday.
It said that "in light of the very strong demand", the issue was upsized by ZAR 400m.
A total of 96m new shares were sold.
The cash will go on the development of port, terminal and rail capacity, as well as further investment within the agriculture sector.
The
