Market Access
GRAIN CLUSTER
October 2022 R ’ m
October 2021 R ’ m
Storage and handling services ( Grainlink ) 220 164
Transport and logistics ( Grainovation ) 2 2 Electronic Silo Certificates ( ESC ) 1 2 Net profit after interest before tax 223 168
Late rains delayed the harvesting season by four weeks , which resulted in a fewer number of days of storage income received . However , this was countered by higher quantities of grain received compared to the previous year . A slower dispatch programme due to the decrease in milling activities also contributed to higher storage income .
Handling income was higher than the previous year due to more tonnes and the mix of commodities received . Income from the drying of grain followed the same trend due to increased maize tonnages received with a high moisture content compared to the previous year .
Input Supply
EQUIPMENT CLUSTER
October 2022 R ’ m
October 2021 R ’ m
Large and self-propelled machinery ( Senwes Equipment ) 135 83
Southern and Eastern Cape - partnership in large equipment ( JDI ) 17 10 Large machinery dealerships in Germany ( S & L Connect ) * 28 - Total large equipment 180 93
Medium-sized machinery ( Falcon ) - includes Staalmeester as merging entity from 1 May 2022
30 23
Small machinery ( Staalmeester ) - 4 Automotive ( KLK ) 5 ( 1 ) Profit after interest , before tax 215 119
* The German business was acquired with an effective date of 1 July 2022 and consolidated into the group results from this date .
Positive cash flow experienced by the Senwes client base resulted in continued record equipment sales , stable margins and sales of higher value machinery . This is characteristic of the ongoing super cycle .
Senwes launched the John Deere Construction & Forestry range , which contributed positively to the results of this cluster . Large machinery rental income was also received during the six-month period from the rental business established during October 2021 , which also contributed positively to the results .
Medium-sized machinery sales increased compared to the previous year , mainly due to high-value seasonal orders which realised during the current six-month period and which were previously delayed due to ongoing global supply chain disruptions due to Russia ’ s invasion of Ukraine .
6 Reimagine Agriculture