OVERVIEW
QUARTER 4
QUARTER 3
Senwes hosted the annual Christmas Tree Project, which was
enjoyed by 590 less-privileged children and handicapped adults
from 10 organisations.
Senwes Equip Holdings acquired Falcon Agricultural Equipment
on 1 November 2019 to expand its service and product offering.
Senwes obtained an additional 50% shareholding in Grainovation,
effective from 1 November 2019, resulting in a 100%
shareholding.
The 16th annual Senwes Future Focus day was held at Nampo
Park where Senwes introduced the BIG 5 of agriculture - five
aspects which the modern producer should incorporate into his
business in order to farm productively, efficiently and profitably.
560 producers attended the event.
Senwes Equipment transferred its operations to a separate legal
trading entity as part of the group’s reorganisation, namely
Senwes Equipment (Pty) Ltd, effective 1 December 2019.
An interim dividend of 30c per share was paid, after approval
thereof at the board meeting held on 5 December 2019.
Senwes, in collaboration with various partners, launched multiple
drought aid initiatives to support the Northern Cape producers
suffering the effects of the severe drought.
Senwes announced its interim results, which reflected an 8,4%
increase in results of the previous year.
Hinterland completed a fuel verification pilot project, by which
authorisation of fuel procurement can be controlled by the producer.
Senwes acquired the naming rights of the Senwes Dragons
Women’s cricket team, which represents Northwest in the domestic
league.
Continuous focus on the group’s Market Intelligence Centre led
to proactive actions regarding stock and quality management.
The Agricultural Development Agency was launched and
Senwes played a pivotal role in the development thereof.
Senwes Grainlink launched new contracts to enable collective
hedging strategies.
A second Senwes business continuity site was established at
Uraniaville to mitigate a possible Covid-19 outbreak at head
office.
Certisure created a centralised view of all policies across its
service portfolio.
Senwes completed a new funding arrangement that included
an increase in facilities of R500m.
Senwes launched a series of focused videos in which advice
was given to primary producers and processors on how to
manage the Covid-19 pandemic.
Aeration in 29 additional bins at 17 silos were planned and
completed.
Senwes launched an ongoing agri-value chain virtual discussion
series, which focuses on creating a better understanding
amongst businesses and role-players within the food and
fibre value chains on how these value chains work.
Senwes developed and implemented risk evaluation and mitigation
policies, procedures, training and strategies to ensure
the safety of its personnel and clients during the Covid-19
lockdown period. Being part of the essential food value
chain, and despite various challenges, Senwes remained
operational.
Premiums skyrocketed and the Safex price had a historically
high daily movement of R1 800/tonne on the last trading
day of March, as short-position holders tried to get out of
their short positions.
Negotiations regarding the Senwes and Suidwes merger
have been concluded. We are only awaiting approval from
the Tribunal.
Senwes Grainlink accepted white maize at a higher moisture
content during April in order to support the producer to sell
white maize at the higher Safex price.
SENWES INTEGRATED REPORT 2020
9