Senwesbel Consolidated Financial Statements | Page 75

26.2 JOINT VENTURES AND ASSOCIATE
Details of transactions are listed in the table below. Transactions with related parties include:
Bastion Lime (Pty) Ltd
Certisure Group
Grainovation (Pty) Ltd
Hinterland Holdings (Pty) Ltd
Hinterland SA (Pty) Ltd
Molemi Sele Management (Pty) Ltd
RealFin Collective Investment Scheme
Silocerts (Pty) Ltd
Service level agreement income and interest received.
Interest received/(paid) and service level agreement income.
Transport costs, interest paid and service level agreement income.
Service level agreement income, rent paid, mechanisation service level agreement
expense and interest (paid)/received.
Purchase of whole goods spares and service level agreement income.
Service level agreement income and interest paid.
Management fees received, brokerage fee income and interest received.
Costs relating to silo certificates.
GROUP
2020
2019
2020
2019
2020
2019
R’m
R’m
R’m
R’m
R’m
R’m
TRANSACTIONS WITH
AMOUNTS OWED
JOINT VENTURES
% INTEREST
RELATED PARTIES
BY/(TO) ENTITIES
Bastion Lime (Pty) Ltd 50,0% 50,0% - 1 (15) 2
Certisure Group 50,0% 50,0% - - (41) (29)
Grainovation (Pty) Ltd * 0,0% 50,0% - (356) - 7
Hinterland Holdings (Pty) Ltd 50,0% 50,0% 88 69 26 10
Molemi Sele Management (Pty) Ltd 35,7% 35,7% - - - -
Silo Certs (Pty) Ltd 50,0% 50,0% - - 1 2
Total 88 (286) (29) (8)
* During the year Senwes acquired an additional 50% stake in Grainovation (Pty) Ltd, changing the investment from a joint
venture to a subsidiary. Refer to note 6.2.
For the interest rates and loan repayment terms, refer to note 7.
Senwesbel Limited Reg no: 1996/017629/06 SENWESBEL ANNUAL FINANCIAL STATEMENTS 2020 74