ROOTED
IN AGRICULTURE
CONTENTS
OVERVIEW
4 About our Integrated Report
6 Key Features by Forms of Capital
8 365-review
10 Senwes Brand
THE BUSINESS
12 Reflections from the Chairman
14 Value-creating Business Model
16 Business Overview
20 How Senwes Creates Value Using the Six
Capitals
30 Creating Value for Stakeholders
REPORTING SUITE
IR +
AFS
2020
INTEGRATED REPORT
Senwes’ integrated report provides a succinct review of the group’s
strategies, risks, opportunities, corporate governance, operational
activities and financial performance for the financial year ended
30 April 2020. This report, supported by the suite of online publications,
provides a holistic overview of the group’s activities and is
available on Senwes’ website at www.senwes.co.za.
The integrated report, which features the annual financial
statements, is the Senwes Group’s flagship reporting publication.
STRATEGIC AND OPERATING CONTEXT
40 Reflections from the Chief Executive Officer
44 Group Strategy
IR
A stand-alone integrated report, with extracts from the annual
financial statements, are included in this version.
CORPORATE GOVERNANCE
52 Senwes Shareholding and Operating Structure
54 Corporate Governance Report
66 Senwes Board of Directors
68 Remuneration Report
AFS
SR
A separate version of the annual financial statements is available
online. The group’s annual financial statements provide an in-depth
analysis of the group’s financial results and performance.
A web-based digital sustainability report provides a summarised
over view of the group’s sustainability activities, strategies and
ongoing processes.
FINANCIAL REVIEW
74 Report by the Chief Financial Officer
82 Managing Risk in the Agricultural Sector
96 Statutory Reports
108 Financial Statements
116 Notes to the Financial Statements
172 Accounting Policy
192 Corporate Information
The Senwes integrated report is
available on Senwes’ website at
http://senwes.co/results20
AGM
A notice which informs shareholders of the company about the
matters which will be discussed at the annual general meeting,
is available online.
Our reporting suite complies with the following reporting
principles and guidelines:
The International Integrated Reporting Framework
South African Companies Act 71 of 2008, as amended
King Code of Governance Principles for South Africa (King IV™)
(applied as far as practically possible)
International Financial Reporting Standards (IFRS)
Department of Trade and Industry’s Codes for Broad-Based
Black Economic Empowerment
G4 Sustainability Guidelines
2 ROOTED IN AGRICULTURE