CERTISURE
POSITIONING OF THIS PILLAR
(JOINT VENTURE WITH NWK)
50
PERCENT
SHAREHOLDING
Certisure Brokers is a joint venture
between Senwes and NWK and
is focused on supplying various
tailor-made insurance products to
producers, clients and the general
public and the rendering of broker
and administrative services to
address our clients’ risk needs.
OPERATIONAL PERFORMANCE
Despite the drought and pressure from producers to decrease
their insurance premiums, Certisure managed to maintain its
margins. The geographic expansion of the insurance business
in conjunction with NWK increased the sustainability and
growth potential of the Group.
• Finance link between agricultural producers and other
Senwes operational activities.
• Finance link between the grain off-taker and Senwes
Grainlink and Tradevantage.
• Expert advice on production practices and input
planning.
• Insurance
STRATEGIC OBJECTIVES OF
FINANCIAL SERVICES
The availability of effective and customised financing
products to enable the producer and the grain off-taker
to manage their business in an optimal manner to the
advantage of all stakeholders. To provide value-added
insurance products and services to the core activities of
Senwes and to support the business at various levels.
MOLEMI SELE
(ASSOCIATE COMPANY WITH AFGRI AND NWK)
35.6
PERCENT
FINANCIAL SERVICES
The newly established Molemi Sele
Management is the owner of a cell
captive for credit life insurance
within Guardrisk Life.
Revenue
SHAREHOLDING
Cost
Profit
Net Margin
2015
R’m 2014
R’m
219 170
120
99
3,8% 75
95
4,1%
GEOGRAPHIC FOOTPRINT
Certisure Brokers
Molemi Sele
Senwes Credit
Klerksdorp
Klerksdorp
Reliable Betroubaar
Senwes
Senwes INTERGRATED
INTEGRATED REPORT 2015
29