THE BUSINESS
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REASSURANCE IN RESPECT
OF MANUFACTURING CAPITAL
Asset verification by external auditors;
Approval of projects by the Senwes board. Overview and
reporting are done afterwards by the Audit Committee;
SHEQ-safety audits;
Joint compliance model;
JSE-compliance audit on Silo Operations;
Code of conduct audits;
SAGIS (South African Grain Information Services) audits;
Internal audit investigations;
HACCP-accreditation;
Compliance Committee.
FUTURE CHALLENGES
Erection of alternative storage structures;
Skills of industrial engineers;
Application of capital at the right silo complexes in order
to ensure optimal return and to mitigate risks;
SHEQ-regulations;
Capacity constraints at certain silos due to high
carry-over stock levels and new delivery season.
The continued growth of Senwes by means of capital
projects decreases financial capital over the short term, but
the focus is to unlock value to the benefit of human, social,
relationship, natural and financial capital.
OVERVIEW | THE BUSINESS | STRATEGIC AND OPERATING CONTEXT | CORPORATE GOVERNANCE | FINANCIAL REVIEW
TRADE-OFFS IN OUR USE OF
MANUFACTURING CAPITAL