SUSTAINABILITY REPORT

2019/2020 financial year


 

CORPORATE SOCIAL RESPONSIBILITY

Senwes’ CSI vision is to be a responsible corporate citizen that contributes to the sustainable development of communities and society as whole.

Committed to the National Development Plan, the Senwes group aligns its initiatives with government’s development priorities. We are passionate about contributing to the sustainable development of the rural areas, especially in the areas where the Senwes group conducts business.

Senwes is committed to the creation of shareholder value, the sustainability of which is based on how we conduct our business, how we support our customers with integrated solutions, how we treat our employees, the environment and the communities in which we operate.

Senwes relies on various forms of capital to achieve set targets and goals. These capitals, as identified by the International Integrated Reporting Council (IIRC), can be seen as inputs to the company’s business model and increase, decrease or transform according to the activities of the company.

Senwes relies on various forms of capital to achieve set targets and goals. These capitals, as identified by the International Integrated Reporting Council (IIRC), can be seen as inputs to the company’s business model and increase, decrease or transform according to the activities of the company.


STRATEGIC CORPORATE SOCIAL INVESTMENT

Senwes’ strategy places emphasis on forward-looking, integrated and strategic interventions, based on a well-researched understanding of current and anticipated future problems; and designing long-term solutions thereto; and seek to:

  • initiate and support innovative, ground-breaking initiatives and practical solutions to community problems and needs;
  • work with communities at grass-roots level;
  • support community interventions that are viable and have a wider, broader, sustainable impact in the long term;
  • leverage the resources, potential and opportunities of communities, so as to ensure that they can take ownership and responsibility for their own development;
  • provide our employees with opportunities and support to contribute to the well-being and development of communities in which they live and which we operate;
  • work in partnership with the community, government, non-governmental organisations and other businesses and in a consultative manner.

KEY FOCUS AREAS

Senwes seeks to develop people continuously and equip them with technical and life skills that will enable them to create and take advantage of opportunities, thereby improving their standard of living and ensuring that they experience a better future.

Education

Economic and enterprise development

Sports

Food Security

Social Responsibility

 

KEY FOCUS AREA: EDUCATION

SKILLS DEVELOPMENT INDICATORS

Training Dashboard indicators

2018/19

2019/20

Total training course attendance captured

2 352

2 059

 Total training man-days

4 490

4 242

Average number of training days per employee

3.22

4.16

Total Training cost captured (R)

6 336 000

5 707 500

Training of BBBEE candidates ( % of total training)

37.5%

35.9%

Training of EE candidates ( % of total training )

50.0%

55.4%

R value for Study Bursaries (included in training cost)

775 000

662 000

Total Training cost as % of payroll cost

1.56%

1.43%

Comments:

  • Training attendance for 2019/20 is 12.5% lower than 2018/19, as a result of lower training volumes enrolled as well as the impact of the lock down on some courses planned for the last 2 months of the year.
  • Total training investment for 2019/20 was 9.9% lower than 2018/19.
  • BBBEE training investment slightly reduced with 1.6% from the previous reporting period.
  • 55.4% of Total Skills development in 2019/20 was spend for EE groups, compared to 50% in 2018/19.

The next graph compares distribution of training cost across training categories for 2018/19 & 2019/20 for Senwes.

PRESS RELEASE

The group delivered a profit after tax of R156 million, which is 6,8% higher than the previous year. Nomalised headline earnings increased by 0,7% to 98,5c per share.

Read the Press Release

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An interim dividend of 30 cents (2017 : 27 cents) per share was declared. The last trading day and the record date will be 12 December 2018. Dividends will be paid on 13 December 2018, net of dividend withholding tax where applicable.

Download the PDF

RSG INTERVIEW WITH FRANCOIS STRYDOM

Listen to this interview with Francois Strydom, Group Chief Executive, commenting on the interim results of the Senwes Group.

Listen to the MP3