Senwes Scenario December - January 2021 | Page 8

NUUS

Conclusion of the Suidwes Merger

It has been announced that the date of the operational implementation of the Senwes / Suidwes merger will be Monday , 12 October 2020 .
Annette Willemse Communication Specialist

Since the approval of the transaction in August 2020 , a lot of planning has been done by the companies regarding the merger and the structuring of the different operational businesses .

“ When two businesses merge , it inevitably results in tension , change and adjustment . The more common areas of tension relate to personnel and clients ", said Francois Strydom , Chief Executive Officer of Senwes .
A logical consequence of a merger between companies in geographically bordering areas , is a focus on cost saving and the utilisation of synergies . Such a process brings about uncertainty for the personnel corps of both companies , since the principle of best-of-both is applied . Customers traditionally also do not like familiar processes to change , but it is part of the dynamics of mergers and typical of the restructuring of the value chain , which has actually been an ongoing process for the past two to three years . Naturally Covid-19 accelerated this process , as well as the shrinking of particularly the financing sector .
The personnel restructuring process is nearing completion and the processes which have an influence on the customer experience , will be executed and stabilised over the next few months . " For us it is business as usual , but it is inevitable that certain aspects will not run as smoothly as one would hope for ", Francois added .
The understanding and patience of all parties during the process are highly appreciated - this is something which the
Francois Strydom , Hoof Uitvoerende Beampte van Senwes .
Senwes Group has gone through a few times and we know that initial scepticism will soon change to better service delivery .
We will provide the different stakeholders with more information in due course and thank all our clients and suppliers for their continued and loyal support .
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SENWES SCENARIO | SOMER SUMMER 2020