Senwes Integrated Reports Senwes 2018/2019 Integrated Report (b) | Page 28

THE BUSINESS Photo taken during the 2019 Senwes Spinners tournament held in Potchefstroom. SOCIAL AND RELATIONSHIP CAPITAL We are committed to the transformation and development goals of the country and we align our initiatives with the development priorities of government. We are a responsible and accountable corporate citizen, committed to the management of a sustainable business, taking into account our stakeholders, the environment and the community. TRADE-OFFS IN OUR USE OF SOCIAL AND RELATIONSHIP CAPITAL KEY INPUTS Investment in community upliftment projects: • Vegetable garden project at Rooigrond near Buhrmansdrif; • Support hub in Losdoorns, which consists of a vegetable garden and an improved early childhood development centre; • Farm school cricket development, where the final of the 14th annual Senwes Spinners Farm School Cricket Development Programme took place at Senwes Park on 6 April 2019. Over the 14 years, since the launch thereof in 2006, 1 690 farm school players from 19 primary schools participated in the program, 434 coaching sessions were conducted and 47 coaches have been trained; • Annual Christmas party project, where 584 underprivileged children from 11 different institutions aimed at child care for abused, special needs and abandoned children were involved; • Programme for emerging farmers. Senwes invests in social and relationship capi­ tal in order to promote financial capital growth over the long term and improve community and govern­ment relations. Financial capital is, how­ ever, decreased over the short term. In our view, a more holistic and collaborative approach to community engagement will provide a platform for meaningful and sustainable future solutions and interventions. Exclusive customer and supplier relationships; ACTIONS TO IMPROVE OUTCOMES Senwes once again sponsored the Nation in Conversation initiative. This initia- tive serves as a platform for thought-leaders from various industries to discuss issues in and around the agricultural sector. Senwes’ partnership with Nation in Conversation derived a total of R12,7 million in value for the brand during the course of the 2018 television series and the 2018 Nampo Harvest Day. Senwes also participated, through the Nation in Conversation initiative, in the first ever Nampo Cape; Social investments and projects; Improve the quality of products and ser- vices; Competitive pricing of products and ser- vices; Recruitment of candidates from under- re­presented groups; The initiation and support of innovative programmes to find practical solutions for community problems and requirements; Senwes launched a headland braai initiative to thank producers for their conti­ nuous support during the previous financial year. OUTCOMES Total CSI-spending R’m Farmer-related sponsorships R’m Senwes Spinners Farm School Cricket Development Programme Cumulative number of students reached #forthefarmers Number of people reached 2019 2018 1,6 0,7 0,1 The support of sustainable community interventions, which will have a broader and more sustainable impact over the long term; and 0,4 1 690 1 400 260 807 - Improved communication in terms of con- tent and frequency with all stakeholders. FUTURE CHALLENGES Rising cost of inputs and production; REASSURANCE IN RESPECT OF SOCIAL AND RELATIONSHIP CAPITAL Social and Ethics Committee; Reduced conventional electricity consumption through various initiated projects; Reduced water consumption through initiated projects; Waste management through recycling efforts; and Continuous focus on, and growth of Thobo Trust. 26 Fluctuating commodity prices; Lack of funding for initiatives, as well as poor bureaucracy in terms of the distribution of finan- cial support; Quality customer service and relationships; Food security and water shortage; and Suppressed soft commodity prices. SENWES INTEGRATED REPORT 2019 SENWES INTEGRATED REPORT 2019 27