365-REVIEW
QUARTER 1 QUARTER 2
1 . A new client portal was introduced using OneAgri , which resulted in an improved user experience and more self-help features .
2 . Senwes ’ continuous risk response with regards to the global Covid-19 pandemic ensured that residual risk remained within our risk tolerance levels and mitigated certain operational losses .
3 . Senwes Grain Procurement designed a new weighted average commodity price product and introduced it to the market .
4 . During the lockdown , Raddix implemented premium relief measures to more than 1 000 policy holders .
5 . Grainovation changed its business model to being an assetlight brokerage-only solution and therefore sold its fleet .
6 . Senwes launched the Agricultural Value Chain ( AVC ) Food Umbrella Project , to help ensure food security amidst the Covid-19 pandemic and in doing so , fed in excess of 440 000 people .
7 . The AVC virtual discussion series continued and broadcasted nine sessions in total , which focused on various value chains within the agricultural sector .
8 . Senwes Equipment generated record used whole goods sales with a growth rate of 15 % compared to the previous year .
9 . Senwes Credit introduced new financing products for longterm crops and a seasonal account for producers along the Orange River was designed and is operational . Focused attention is being afforded to supporting the expansion in the Northern Cape region through our KLK credit office .
10 . Upgrading of lifts at various silos at a cost of R4 , 2m in order to ensure the safety of staff , save maintenance costs and ensure effective quality management .
1 . Senwes developed and implemented new fuel forecourt technology utilising a single device and enabling clients to link accounts to a digital transaction experience .
2 . Senwes Grainlink supported producers who suffered losses during the wildfires by donating significant tonnages of maize for animal feed purposes .
3 . Senwes redesigned the group ’ s strategic approach to that of a riskbased strategic approach .
4 . KLK obtained Competition Commission approval during August 2020 to acquire an additional 30 % in Carpe Diem Raisins .
5 . Senwes Equipment ’ s parts division hit record figures with an increase in sales of 43,9 %.
6 . Bastion ’ s plant at Buhrmansdrif was upgraded in response to higher demand and production capacity increased from 90 tonnes per hour to 120 tonnes per hour .
7 . Bastion ’ s market share increased at Britten and Marico due to focused marketing and optimised utilisation of the retail channels of agri-companies . Sales increased by 35 % and production by 68 % compared to the previous year .
8 . Senwes effectively obtained a 100 % share of the Hinterland Group after the unbundling of the JV with AFGRI .
9 . Competition Commission approval was obtained for the Senwes and Suidwes merger , which became effective on 31 October 2020 .
10 . Senwes Equipment ’ s new whole goods division realised a significant increase in sales of 99,9 % compared to the previous year .
11 . Staalmeester extended its product ranges in the rakes and drum mower product groups . Staalmeester also expanded its market reach into Botswana and Zimbabwe with approved dealers .
12 . The retail business obtained the OK Grocer franchises as a diversification method of reducing business risks . However , since the opening of the OK Grocers at Jan Kempdorp and Bultfontein , these two businesses made yearly losses . During September 2020 and October 2020 the board approved the sale of the OK Grocers at Jan Kempdorp and Bultfontein .
13 . KLK installed the new biodegradable tub production line at Cool Raisins for Woolworths production .
14 . KLK decreased working hours to counteract lower slaughter volumes in the skins division due to the drought in the Northern Cape .
15 . Senwes Equip Holdings acquired Falcon Agricultural Equipment on 1 November 2019 . Falcon Agricultural Equipment is now fully incorporated into the Senwes Equip Holdings Group .
16 . Senwes Credit debt in arrears as percentage of the total outstanding debt as at 30 September 2020 , was 7,9 % lower than the average September arrears for the previous three years .
8 SENWES INTEGRATED REPORT 2021 RESILIENCE