SEGMENTAL REVIEW
OF THE SENWESBEL GROUP
SEGMENTAL INFORMATION
For management and control purposes, the group is divided into business units based on their products,
services and clients and consists of the following reportable segments:
INVESTMENT ACTIVITIES
(Senwesbel)
FINANCIAL SERVICES
(Senwes Credit, Senwes Asset
Finance, Certisure Group and
Molemi Sele Management)
It is Senwesbel’s strategy to consider interests in other agricultural and
agriculture-related businesses. At year-end, Senwesbel only owned an
interest in Senwes Limited.
Credit extension to agricultural producers and grain buyers. Senwes Credit
also renders agricultural services to its growing client base. Certisure
includes commission received on short-term, crop and life insurance
premiums and administration fees. Molemi Sele holds investments in
agricultural companies, an index tracker fund and a cell captive.
INPUT SUPPLY
(Senwes Equipment, JD
Implemente, Staalmeester,
Senwes Equip Holdings,
Hinterland Group, Bastion Lime
Group, Falcon and KLK Landbou
Group)
Sales at retail outlets (including fuel stations), direct sales of farming input
requirements, car dealership sales, the importation, manufacturing and
sale of mechanisation goods and spare parts, as well as the servicing of
such farming and other mechanisation equipment. Wholesale sale of
agricultural, fuel and industrial retail products to agricultural retail outlets.
Production and processing of raisin products, cattle hides, dorper skins,
beef and lamb carcasses (abattoirs).
MARKET ACCESS
(Senwes Grainlink,
Tradevantage, Senwes
Graanmakelaars, Grainovation
and ESC)
Income received from the handling and storage of agricultural produce,
the transportation of grain commodities as well as the processing of seed.
Commission earned on marketing of grain and revenue from the sale of
grain. Electronic issuing and trading of silo certificates.
CORPORATE
(Senwes Share Incentive
Scheme Trust, Thobo Trust,
Senwes Capital, Senwes
Agrowth and RealFin Collective
Investment Scheme)
Head office services, information technology, human resources, planning
and property development, central administration, fleet management,
secretarial services, legal services, corporate marketing, risk management,
internal audit, strategic development, group finance, corporate finance,
business engineering and treasury and governance.
Income tax is managed on a group basis and is not allocated to operating segments. Services rendered
between related parties as reflected in operating segments are on an arm’s length basis in a manner similar to
transactions with third parties. The Group Executive Committee monitors the operational results of its business
units separately for the purpose of making decisions about resource allocation and performance assessment.
Segmental performance is evaluated, based on operating profit or loss, and is measured consistently against
operating profit or loss in the consolidated financial statements.
Senwesbel Limited Reg nr: 1996/017629/06 SENWESBEL CONDENSED ANNUAL REPORT 2020
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