CORPORATE GOVERNANCE FINANCIAL REVIEW
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QUARTER 4 :
1 FEBRUARY 2022 – 30 APRIL 2022
1 . Senwes announced a share repurchase programme offering to repurchase shares between R12 and R17 per share .
2 . KLK ’ s subsidiary , SA Dorper , commissioned a new power factor unit that will increase the efficiency of power usage at the plant as well as protection of the plant against power surges .
3 . Bastion upgraded the Britten plant to replace the obsolete conventional screens with high-frequency screens , which will increase the production capacity of the plant by 25 %.
4 . Bastion sold and produced record volumes during the year due to favourable market conditions , capacity upgrades and focused marketing and production strategies . Sales increased by 33 % and production by 28 % compared to the previous year .
5 . The JDI Addo branch moved to a new property in Kirkwood .
6 . Senwes Grainlink silos , in collaboration with Business Engineering , finalised cost analyses to decrease costs and introduce new standard operating procedures .
7 . After excessive rainfall , Senwes Grainlink experienced challenges with the condition of roads providing access to the silos . Senwes Grainlink acquired a grader to assist farmers with improving these roads .
8 . The Market Intelligence unit developed a new average pricing model for marketing of producers ' grain commodities with the aim to outperform the market mean .
9 . The Market Intelligence unit provided inputs to assist the Johannesburg Stock Exchange ( JSE ) with reducing the current location differentials .
10 . The Market Intelligence unit introduced a new pricing solution for their preferred logistics partners .
11 . The Market Intelligence unit assisted producers with the marketing of lower grade wheat and the management thereof .
12 . Hinterland rolled out a new fuel management system to all former Suidwes branches to fully automate sales .
13 . Hinterland realised record production input sales during February 2022 .
14 . The first in-house manufactured prototype of Staalmeester ’ s hammer mill ( 2021 ) was completed at Falcon ' s facility in Howick .
15 . Raddix / National Risk Specialists ( NRS ) consolidated with Certisure / UBS . This consolidation will realise significant synergies .
16 . Drier conditions resulted in most of the water-damaged crops recovering , although not necessarily to full potential . With a high commodity price cycle , it is forecasted that the majority of clients will be able to repay their production and term loan debt . Debt in arrears are expected to be very low due to clients ’ cash flow positions strengthening .
17 . Bulk input prices increased by 62 % as a result of the Russia / Ukraine crisis ' impact on the availability of certain input products .
18 . The first intake of Senwes ' Operational Leadership Programme , Game Players , graduated . A group of 29 delegates completed the programme .
SENWES INTEGRATED REPORT 2022
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