FINANCIAL
SENWES REAFFIRMS
COMMITMENT
TO FINANCE BLACK FARMERS
After the successful approval of the merger between the Senwes and Suidwes Groups during 2020 , Senwes is entering year two of three years emanating from the merger approval conditions , in terms of which Senwes is required to extend material financial assistance to black farmers .
In terms of this condition , Senwes will once again extend production loans to black farmers to the value of R20 million annually . These loans will be extended over a period of three years and must amount to R60 million in total . Senwes successfully fulfilled this condition in its 2020 / 21 financial year and now wishes to repeat this process .
Senwes is committed to providing production loans for , but not limited to , qualifying black grain and cattle farmers in accordance with the group ’ s credit policy and accompanying qualifying criteria . In this regard , Senwes will extend finance to qualifying farmers on commercial credit terms ( payment of interest , security requirements , fixed repayment terms and other conditions ).
Applications will be limited to farmers in the Senwes and Suidwes areas of operation . Black farmers interested in applying for credit for the 2021 / 2022 summer production season ( starting on 1 September 2021 ), can contact Julias Ramohlabi on or before 30 September 2021 . Contact Julias on 018 464 7300 or email him at julias . ramohlabi @ agrics . co . za .
Any applications received after 30 September 2021 , will only be accommodated in future production seasons .
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SENWES SCENARIO | WINTER � 2021