6
senwes integrated report 2017
365 REVIEW
QUARTER 1
QUARTER 2
Successful installation of a solar power system at Senwes head of
fice, which has already contributed to a decrease of 1 338 897 kWh
and electricity saving of R2 million for the year.
Development and rolling-out of the Senwes loyalty scheme (AgriRe
wards) and concomitant website (www.agrirewards.co.za) for the
registration of participants in AgriRewards. R52 million was allocat
ed to registered AgriRewards participants this year in terms of the
loyalty scheme.
Nation in Conversation hosted 770 guests in studio during the 11
panel discussions at Nampo 2016. Panel discussions could be fol
lowed live via the newly developed Nation in Conversation applica
tion and viewers could actively participate in discussions.
Tradevantage, the soft commodity trading house, was successful in
the tender for the Meadows delivering contract as of 1 May 2016.
A research and impact study unit was established.
Senwes Equipment and JDI conclude an agency agreement with JCB.
JDI concludes contract to take over the mechanisation division of
Agrico in Western and part of Eastern Cape.
Senwes Equipment concludes contract to take over the mechanisa
tion division of Agrico in Eastern and Northen Cape.
Prodist, the bulk retail wholesaler, was nominated as Distributor of
the Year by Afrox.
Implementation of the Prodist warehouse outsourcing project to
InSync, with an expected 40% increase in efficiency.
The Graintech project, an initiative of the Senwes Grainlink division,
to accept grain earlier was launched. 40% of the crop was received
under the new advanced conditions.
The accelerated grain handling project, which increased the hand
ling rate by 87%, was implemented at six silos this year and will
contribute to improved service delivery levels to the producer for the
coming year.
Participation in various drought aid actions by the Senwes group,
which includes a cash donation of R1 million and Hinterland's subsi
dy of R7 million. Grainovation was also involved
with the transporting of fodder donations.
Group volume instrument was taken
out to hedge Senwes against drought.
Should there have been a drought in
2017, the instrument would
have paid R150 million
to R200 million.
http://senwes.co/NiCNampo2016
The establishment of a business development unit which analyses
the every-day business activities of Senwes with the objective to re
design and develop creative solutions and business plans, thereby
maximising and unlocking opportunities and creating value.
Senwes placed its hedge fund, in co-operation with Absa Asset Man
agement, in the market. The platform for this fund was designed
after having achieved success internally with this type of trading for
five years.
Grasland launched a deferred payment scheme and customers could
purchase lime, which they could deferred payment to a later
date.
Hinterland, the agricultural retail JV, negotiated a
long-term strategic agreement with a major supplier
to support their fuel strategy, which will contribute
to a 23% increase in margins.
Senwes real-time weather network and database
were implemented with 107 new weather stations
in our area of operations.