FINANCIAL
Senwes expands commitment to finance emerging black farmers
As announced on 18 August 2020 , the Competition
Tribunal approved the merger between the Senwes Group of Klerksdorp and the Suidwes Group of Leeudoringstad . As part of the approval agreement , the merging parties undertook to enhance their current offering to black emerging farmers . Senwes will accordingly provide production loans to emerging farmers to the value of R 20 million annually , in terms of its credit policy . These loans will be allocated over a period of three years and will amount to R60 million in aggregate .
Senwes is accordingly committed to providing production loans for grain and cattle farming to qualifying black farmers in terms of , and subject to , Senwes ’ credit policy and accompanying qualifying criteria . Finance in this regard , will be extended to qualifying farmers on commercial credit terms ( payment of interest , security requirements and fixed re-payment terms , etc ). Applications will be limited to farmers who are farming in the Senwes and Suidwes operational areas .
Farmers who are interested in applying for this product for the current 2020 / 21 summer production season can contact Julias Ramohlabi at Senwes on 018 464 7300 on or before 30 September 2020 . Enquiries made after this date will be accommodated in future production seasons .
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SENWES SCENARIO | LENTE � SPRING 2020 7