THE BUSINESS
BUSINESS
OVERVIEW
FINANCIAL SERVICES
INPUT SUPPLY
BUSINESS UNITS
Senwes Credit
FINANCIAL SERVICES
MOLEMI SELE
[Division of Senwes]
Senwes Credit offers financial products to producers such as,
inter alia, production loans, monthly accounts, credit arrange-
ments of a long-term nature and hire purchase transactions.
Senwes Credit further renders specialised agricultural economic
services such as feasibility and viability studies, financial farm
management programmes, performance and technical efficien-
cy analysis and benchmarking amongst other whilst also making
financial arrangements with off-takers of grain.
MAIN BUSINESS DRIVER
Senwes Asset Finance
THOBO TRUST Senwes Equipment is an agricultural equipment and services part- ner, which offers mechanisation and maintenance solutions. Senwes Grainlink specialises in the handling and storage
ASSET FINANCE
CREDIT
Senwes Precision Farming Solutions
85%
70%
Senwes Precision Farming Solutions offers independent yield inspec-
tions, GIS maps, soil classifications, soil surveying and soil, leaf and
water analysis.
168
81%
160
BUSINESS UNITS
FINANCIAL SERVICES
2019
MOLEMI SELE
2018
2018
CERTISURE
THOBO TRUST
ASSET FINANCE
CREDIT
Thobo Trust
[Partners: Senwes, Tradevantage, Hinterland Fuels
INPUT SUPPLY
and Bastion group]
Thobo Trust is an independent trust and serves as strategic part-
ner for Senwes’ broad-based black economic empowerment and
socio-economic development objectives. Thobo Trust unlocks
value for employees, farm labourers, emerging farmers and com-
munities in rural areas, where Senwes conducts business.
14,0%
13,5%
12,5%
12,5%
Certisure Group
11,5%
[Joint venture with NWK]
The Certisure group is an insurance company, which specialises
in asset insurance, financial planning, crop insurance, credit life
insurance, corporate insurance, game insurance and medical aid
schemes. Certisure renders broker and administrative services
which cater for and address the risk requirements of clients.
FINANCIAL SERVICES
2018
2019
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.
MOLEMI SELE
CERTISURE
30
2018
THOBO TRUST
ASSET FINANCE
2019
Throughput tonnes (t’000)
3 200
3 000
3 090
412
2018
2019
SENWES INTEGRATED REPORT 2019
2018
300
Senwes Seed
[Division of Senwes Grainlink]
Senwes Seed established itself over decades as an
excellent seed processor with a sound reputation
amongst producers in the market.
Senwes Graanmakelaars
[Subsidiary of Senwes]
Senwes Graanmakelaars acts as a broking agent for
clients wishing to obtain access to the JSE (Safex)
Agricultural Commodities Division and provides an op-
portunity for producers, consumers and speculators to
hedge or take part in potential market opportunities.
Grainovation
[Joint venture with Imperial]
Grainovation offers specialised logistical solutions to
both the producer and off-taker of grain and oilseeds.
Bastion Group
[Joint venture with NWK]
Bastion specialises in the production of high quality lime and sup-
plies dolomitic and high-quality lime, as well as gypsum products for
agricultural and industrial purposes.
MARKET ACCESS
3 100
[Joint venture with AFGRI and NWK]
(59)
CREDIT
3 200
Molemi Sele
Staalmeester expands Senwes Equipment’s product offering by
manufacturing and importing agricultural equipment for small and
medium-size farmers.
BUSINESS UNITS
12,0%
JD Implemente expands Senwes Equipment’s market share by pro-
viding excellent agri-mechanisation and maintenance solutions in the
Western and Eastern Cape.
[Subsidiary with the Coetzee family as partner]
13,5%
13,0%
JD Implemente
[Subsidiary with the Tomlinson family as partner]
Staalmeester Agricultural Equipment
2019
Gross Profit %
of grain and oilseeds and is positioned between the pro-
ducer and the off-taker. Senwes Grainlink also renders
services to the grain off-taker.
[Department of Senwes]
2019
Expense : Income
77%
Senwes Grainlink
[Division of Senwes]
FINANCIAL SERVICES
75%
Senwes Asset Finance offers comprehensive financial services,
focused on movable assets and fixed bonds.
PROFIT BEFORE TAX (R’m)
Senwes Equipment
[Division of Senwes]
CERTISURE
80%
[With WesBank as partner]
16
MARKET ACCESS
Hinterland Group
[Joint venture with AFGRI]
Hinterland, through its wholesale, retail and fuel businesses, speciali
ses in supplying input products for a variety of farming practices and
offers a wide range of hardware and convenience products to the
general public. Hinterland also assists producers with irrigation, live-
stock feeds and medicine and is a prominent wholesaler and supplier
of a wide variety of agricultural products and general commodities
between the producer and the end consumer.
Tradevantage
[Subsidiary of Senwes]
Tradevantage provides an extensive grain marketing
and trading service to both national and international
clients relating to maize, oilseeds, wheat and other soft
commodities.
Electronic Silo Certificates (ESC)
[Joint venture with AFGRI]
Electronic Silo Certificates provides a safe and effective
way of managing electronic silo certificates via the in-
ternet or smartphones.
SENWES INTEGRATED REPORT 2019
17