SENWES Integrated Report 2020 | Page 42

Reflections FROM THE CHIEF EXECUTIVE OFFICER FRANCOIS STRYDOM Senwes CEO KEY MESSAGES � Strategic priorities � Economic outlook of the agri-sector � Financial overview of the Senwes Group The dream of the Senwes Group is not to be big, but rather to be better, to be more meaningful to its client base, to offer more opportunities to its staff and to make a difference in our country, South Africa, while others choose to leave. � The future of the Senwes Group and its partners � Comments and positioning of the Senwes Group in relation to the Covid-19 pandemic � Looking ahead OUR STRATEGIC PRIORITIES The Senwes Group strategy is our anchor point and answers our “why” or “purpose”. Plain and simple. We offer solutions to our client base which in turn and as a result, enable our own business. Our clients are farmers, processors and traders. We form part of these value chains and do not compete with our clients on either side of our value chain position. Our clients are in eight of the nine provinces (with Limpopo being the only exception) and represent the major role-players in both the production and processing sectors. Our strategic drivers define both who we are and strive to be and focus on: � Increased customer share and retention (the main reason for our existence); � Diversification, through products, service, commodity, client base and geography (not up or down the value chains); � Unlocking of shared corporate functions and specialisation to achieve operational efficiencies (this is where expertise, efficiency and integration are achieved); � Increased investments in our core businesses within the value chains, where we are present (allocated capital towards our core); and � Diversification of our shareholder income streams in lower risk geographies (our equity shareholding is vital to our strategy). Any business must ask the question: How do we differentiate ourselves from other role-players? Our answer lies in the following: � The Senwes Group is a consolidation platform based on its strategic clarity, financial capacity, sector relationship and specific equity shareholding structure. � The Senwes Group has analytical and research skills and abilities within our sector. � The Senwes Group has critical mass and support structure capacity. � The culture of ownership and business integration is a central focus throughout our staff complement. � Balance sheet management and the allocation of capital to our core strategy and businesses. 40 ROOTED IN AGRICULTURE