OVERVIEW
3
ABOUT THIS REPORT
TARGET AUDIENCE
T
he Senwes Integrated Report is compiled and published
annually. It is primarily aimed at providing current and
potential investors with an overview of the group’s value
creating business model, strategies, opportunities, risk miti-
gating actions, corporate governance and financial perfor-
mance.
The report also provides any other stakeholder with quality
and accurate information to make an informed assessment
on whether the company can deliver on its brand promise.
Furthermore, it includes non-financial information relevant to
stakeholders which have a significant impact on the group’s
ability to create value and/or those whose activities have an
impact on the group.
SCOPE
This report mainly focuses on the activities and operations of
Senwes Ltd for the period 1 May 2017 to 30 April 2018 as
Senwes accounts for 86% of the group’s revenue, but also co
vers those activities conducted by the company’s subsidiaries,
joint ventures and associate for the above-mentioned period.
DETERMINING MATERIALITY
ASSURANCE
Ernst & Young Inc. conducted an independent audit of the
group’s consolidated annual financial statements. The rest
of the report, consisting of non-financial information, has not
been subjected to an independent audit or review and has
been compiled based on internal records and information in
the public domain under supervision of CF Kruger, CA (SA),
Group Chief Financial Officer.
FORWARD-LOOKING STATEMENTS
This report may include forward-looking statements which
relate to Senwes’ future performance and prospects. These
statements represent the group’s judgements and expecta-
tions, but by their nature, involve risk and uncertainty as they
relate to events and depend on circumstances that may or may
not occur in the future.
BOARD APPROVAL
The Senwes board of directors acknowledges its responsibility
to ensure the integrity of the information presented in this inte-
grated report for the 2017/18 financial year. According to the
board and executive committee, the information presented in
this integrated report provides a fair and balanced view of the
group’s performance and matters considered to be material in
the value creation process of Senwes.
.................................. ...................................
Danie Minnaar
Chairman
Francois Strydom
Group Chief Executive Officer
26 June 2018
Klerksdorp
The group does not undertake to update or revise any of these
forward-looking statements publicly, whether to reflect new in-
formation or future events or otherwise. The forward-looking
statements have not been audited, reviewed or reported on by
the group’s external auditors.
OVERVIEW | THE BUSINESS | STRATEGIC AND OPERATING CONTEXT | CORPORATE GOVERNANCE | FINANCIAL REVIEW
The group defines materiality as the actions or issues of sub-
stantial importance that affect the group's ability to create value
over the short, medium and long term.