365-REVIEW
QUARTER 1
The harvest was eight weeks late, which had a negative impact
on the silo industry due to lost day storage income.
Increased pressure on producer profitability due to higher
volumes of and higher discounts for lower grade maize.
A great portion of the grain intake received by Senwes Grainlink
had a moisture content higher than the industry norm of
14%, which protected the market share during this highly
competitive year.
Opening of the new Hartswater branch that was damaged
by a fire during the 2019 financial year.
Senwes Grainlink invested further in intake capacity by adding
a second weighbridge at six silos.
Implemented Cisco Unified Communications across 135 operational
locations utilising our own infrastructure and 60 high
points to connect to fibre enabled networks and to convert
site based PABX voice to the advanced communications platform.
Bastion successfully implemented a new strategy to increase
gypsum sales. A marketing and sales co-ordinator was appointed
with the task to increase gypsum sales. Modifications
were also made to the plants to be able to process
oversized gypsum at a lower cost.
Nation in Conversation’s fifth season aired over the course
of five months on kykNET and kykNET & Kie respectively. Nation
in Conversation also broadcasted nine panel discussions
from Nampo Harvest Day near Bothaville.
Senwes celebrated its 110th birthday on 15 May 2019 at the
Nampo Harvest Day.
Senwes and North West Cricket hosted the Senwes Spinners
High Performance league.
Senwes acquired 57,7% of the KLK Group’s issued shares,
effective from 1 July 2019.
Grainovation entered into a contract to transport mining ore
which resulted in an average of an additional 200k tonnes
per month by our own fleet.
Grainovation replaced 29 of its old fleet with Volvo trucks.
This decision was twofold in that it would mitigate the excessive
downtime of the old fleet and allow the purchase
of better suited vehicles for the mining application which
Grainovation entered into.
QUARTER 2
To accommodate the higher demand for gypsum, Bastion upgraded
the gypsum plant at Britten to increase its production
capacity by 300%.
Nation in Conversation broadcasted five panel discussions live
from the second edition of Nampo Cape in Bredasdorp.
Senwes launched an offer to AgriRewards participants to convert
AgriRewards loyalty benefits to Senwes shares.
The Ottosdal, Wolmaransstad and Schweizer-Reneke equipment
workshops were consolidated and moved to the new
mega workshop in Wolmaransstad.
A final 2019 financial year dividend of 30c per share was paid
after approval thereof at the annual general meeting held on 22
August 2019.
8 ROOTED IN AGRICULTURE