ECONOMIC AND ENTERPRISE DEVELOPMENT
SENWES ONCE AGAIN REAFFIRMS COMMITMENT TO FINANCE BLACK FARMERS
After the successful approval of the merger between the Senwes and the Suidwes Groups during 2020 , Senwes is currently in the second year 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 has to extend production loans to black farmers . Senwes is committed to provide production loans for , but not limited to , grain and cattle farming to qualifying black farmers in terms of , and subject to , the group ’ s credit policy and accompanying qualifying criteria .
DESCRIPTION
INFORMATION
Total clients 29
Credit amount extended
Balance of clients at year-end
Territory
R24,718m
R15,563m
Northwest , Gauteng and Free State
GOVERNMENT AND REGULATORY ENGAGEMENT
The Agricultural Business Chamber ( Agbiz ) is a voluntary , dynamic and influential association of agri-businesses operating in Southern Africa . Its mission is to negotiate and position its members - of which the Senwes Group is one - favourably in the agri-business environment so that they can operate competitively and profitably , and prosper as a result .
This is achieved through the facilitation of ongoing effective communication between agri-business and government through a variety of activities on a wide range of disciplines , advocating for policies , legislation , regulations and programmes that it believes are in the best interest of South Africa , its members and the agricultural sector as a whole .
Senwes ’ Group Chief Executive Officer , Francois Strydom , serves as the Chairperson of Agbiz .
To achieve its challenging and varied goals , Agbiz has established critical affiliations with national and international organisations and associations including : Business Unity South Africa ( BUSA ), International Food and Agribusiness Management Association ( IFAMA ), Business and Industry Advisory Committee to the Organisation for Economic Cooperation and Development ( BIAC OECD ), United States Agency for International Development ( USAID ), Food and Agriculture Organisation of the United Nations ( FAO ), United Nations Development Programme ( UNDP ) and the United Nations Economic Commission for Africa ( UNECA ). 12 SUSTAINABILITY REPORT 2022 / 2023