#NIC2022 | The state of the economy: onwards and upwards

  • 17 May 2022
  • 320

The world economy is under pressure, and South Africa is not immune to the impact. Input costs are rising, consumer spending is cautious and general turmoil in world markets contributes to a sense of trepidation.

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A wet summer ahead | South African Weather Service

The South African Weather Service (SAWS) issued the following Seasonal Climate Watch for the period January to May 2022.

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Press Release | Senwes Group announces good interim results

  • 03 December 2021
  • 1772

The financial results of the Senwes Group reflect a 47,8% increase in turnover amounting to R5,2 billion (2020: R3,5 billion), while earnings before interest, depreciation and amortisation increased from R511 million to R533 million.

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Resilience the key to Senwes’ record financial results

The financial results of the Senwes Group reflect a 57,7% increase in turnover amounting to R7,6 billion (2020: R4,8 billion) while earnings before interest, depreciation and amortisation increased by 61,1% from R0,6 billion to R1,0 billion.

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Press release regarding the implementation date of the merging of the companies

  • 12 October 2020
  • 2951

The Companies announced that the date of operational implementation of the merger will be Monday, 12 October 2020.

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Retail reverts back to shareholders

Hinterland, the joint venture business of AFGRI and Senwes' retail branches established in 2013 is in the process of disbanding. The decision, taken by the two shareholders, is based on the fact that the two agricultural businesses‘ strategic approaches and business models are substantially different.

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Senwes Grainlink focuses on procurement for the market

A strategic decision by Senwes resulted in grain being offered on Basislink and that no further trading will be done via the entity known as Tradevantage.

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Senwes launches Agri Value Chain Food Umbrella

Delivery number 418688 open for donations - Senwes is uniting the agricultural value chain with the launching of the Agri Value Chain Food Umbrella. This initiative is answering the call of Agbiz to ensure food security amidst the disrupted economic activities due to the lockdown, as a result of the outbreak of the Covid-19 pandemic.

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Omdraaistrategie werp vrugte af

Senwes Scenario het ’n draai by Corné Kruger, Senwes Hoof Finansiële Beampte, gaan maak oor wat die omdraaistrategie destyds, na die draai van die eeu, behels het, dit wat vooraf gebeur het, die impak daarvan en die lesse wat geleer is, sowel as hoe dit die pad vorentoe bepaal ’n paar dekades daarna, met 2020 en die toekoms om die draai.

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Good results despite challenging first semester

  • 05 December 2019
  • 5935

The interim financial results of Senwes reflect an 8,4% increase on the results of the previous year and earnings after tax attributable to ordinary shareholders of R168m.

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