THE BUSINESS
FINANCIAL SERVICES
Senwes Credit
[Division of Senwes]
Senwes Credit offers financial products to producers such as, inter
alia, production loans, monthly accounts, credit arrangements of a
long-term nature and instalment sale agreements. Senwes Credit
further renders specialised agricultural economic services such as feasibility
and viability studies, financial farm management programmes,
performance and technical efficiency analyses and benchmarking
amongst others, whilst also making financial arrangements with the
off-takers of grain.
Senwes Asset Finance
[Division of Senwes with WesBank as partner]
Senwes Asset Finance offers comprehensive financial services, focused
on movable assets and fixed bonds.
Certisure Group
[Joint venture with NWK]
The Certisure Group is an insurance group, which specialises in asset
insurance, financial planning, crop insurance, credit life insurance,
corporate insurance, game insurance, funeral cover and medical aid
schemes. Certisure renders broker and administrative services, which
cater for and address the risk requirements of clients.
MAIN BUSINESS DRIVER
PROFIT BEFORE TAX (R’m)
Expense : Income 2020
100%
80%
60%
40%
20%
0%
201
81% 77%
168
2019 2020
NUMBER OF BUSINESS UNITS PER PROVINCE
2019
Molemi Sele Management
[Joint venture with AFGRI and NWK]
Molemi Sele Management is the owner of a cell captive for credit
life insurance within Guardrisk Life and focuses on underwriting risks
within the credit life insurance domain.
5
11
9
BUSINESS UNITS
23 Insurance branches Certisure and KLK
2 Credit extension office Senwes Credit and KLK
SENWES INTEGRATED REPORT 2020
17