SENWES Integrated Report 2020 | Page 52

STRATEGIC FOCUS AREA EXTERNALISATION Focus on the investigation of beneficial opportunities globally (outside the borders of South Africa) and expansion into these new, lower risk jurisdictions. Objectives � Diversify shareholders’ income streams. � Derisking to lower-risk countries. � Given the uncertain economic and political conditions in South Africa, the focus is currently on international transactions. Top-of-mind risks � Political and economic climate risk. � Market size and market share risk. � Credit, liquidity and market risk. � Weather and climate risk. � Urbanisation, scarcity and retention of skills risk. � Transition and customer risk. � Diversification and agricultural industry risk. � Unique competitor risk. For more detail on top-of-mind risks, see p. 84 Looking ahead � It remains part of Senwes’ strategy to continue to simultaneously externalise and diversify through expansion into new, lower risk, markets (outside of South Africa). Possible targets are actively monitored in order to identify the most beneficial opportunities and the optimal times to pursue them. Reflecting on the progress to date Various beneficial international opportunities have been identified and are being evaluated. 50 ROOTED IN AGRICULTURE