18
THE BUSINESS
BUSINESS OVERVIEW
FINANCIAL
SERVICES
53,5%
32,7%
SENWES CREDIT SENWES AGRICULTURAL SERVICES CERTISURE
Division of Senwes Division of Senwes Credit Joint venture with NWK
Senwes Credit offers a range of unique and effec-
tive financial products to producers such as, inter
alia, production loans, monthly accounts, credit
arrangements of a long-term nature and hire pur-
chase transactions.
Senwes Credit makes financial arrangements with
off-takers of grain in order to extend bridging fi-
nance for the operating costs of their businesses. Senwes Agricultural Services renders specialised
services focused on adding value to agronomy, ani
mal science, farm management, agricultural-eco-
nomics, soil analysis, information services and the
establishment of emerging farmers.
Senwes Agricultural Services specialise in every
facet of its business and ensures sustainable solu-
tions and optimal turnaround times in order to be
as adaptable as possible. The Certisure group is an insurance company with
numerous specialist areas which agricultural, com-
mercial and individual clients can benefit from.
Certisure renders broker and administrative services
which cater for and address the risk requirements of
clients.
Certisure specialises in asset insurance, financial
planning, crop insurance, credit life insurance, cor-
porate insurance, game insurance and medical aid
schemes.
SENWES ASSET FINANCE THOBO TRUST MOLEMI SELE
With WesBank as partner Trustees: Senwes, Tradevantage, Hinterland, JD
Implemente, Prodist, Grasland, Grainovation and
Certisure Joint venture with AFGRI and NWK
2018 2017
share of total profit
from operating activities
9%
Senwes Asset Finance offers comprehensive fi-
nancial services focused on movable assets and
bonds.
percentage of total
business units
2018 2017
Income (R’m) 321 309
Costs (R’m) 164 162
Operating profit before tax (R’m) 157 147
FINANCIAL SERVICES
Thobo Trust is an independent trust and serves as
strategic partner for Senwes’ broad-based black
economic empowerment and socio-economic de-
velopment objectives.
Thobo Trust unlocks value for employees, farm
labourers, emerging farmers and communities in
rural areas, where Senwes conducts business.
OVERVIEW | THE BUSINESS | STRATEGIC AND OPERATING CONTEXT | CORPORATE GOVERNANCE | FINANCIAL REVIEW
Molemi Sele is the owner of a cell captive for credit
life insurance within Guardrisk Life and focuses on
underwriting risks within the credit life insurance
domain.
OUR PRESENCE IN SOUTH AFRICA
20 Insurance branches
1 Credit extension office