As we welcome a new Minister, Ms Thoko Didiza, to the now amalgamated Department of Agriculture, Land Reform and Rural Development, it is important to assess where we currently stand with regard to Land Reform. Land reform is a complex and emotive subject, but critical that it is implemented in a manner that does not compromise the optimal functioning of the commercial land market and creates the opportunity to broaden ownership.
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South Africa’s maize supplies for the 2018/19 production year are shaping up better than we previously feared at the beginning of the year when dryness in the western parts of the country led to delayed plantings. Figures released by South Africa’s Crop Estimates Committee earlier in the afternoon show that 2018/19 maize harvest could amount to 10.9 million tonnes, which is a 2% increase from last month’s estimate.
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Dr. Matthew C. Roberts prepared this report for the Johannesburg Stock Exchange as published on 15 May 2019. The report takes a look at the economics of futures markets, what has changed since 2009 and makes recommendations for commodity futures delivery on the Johannesburg Stock Exchange.
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The Senwes Group and the KLK independent board refer the Senwes Group shareholders and the KLK shareholders to the announcements of respectively 11 March 2019 and 30 April 2019 regarding the offer made by the Senwes Group to KLK Shareholders (“the Offer”) and hereby confirm that the Offer closed on 16 May 2019 at 12:00 (subject to the provisions of regulation 105(5)(b) of the Companies Regulations, 2011 ("Regulations") as referred to below in this announcement).
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- 30 April 2019
- Senwes
- 4824
The Senwes Group and the KLK independent board refer the Senwes Group shareholders and the KLK shareholders to the announcement of 29 March 2019 regarding the Offer made by the Senwes Group to KLK Shareholders (“the Offer”) and hereby confirm that, in accordance with the suspensive condition in terms of the provisions of the Offer, the Competition Tribunal has approved the merger (as defined in section 12 of the Competition Act, 1998), between KLK and the Senwes Group as from 29 April 2019.
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On 1 February 2019 Senwes answered AgriSA’s call to “braai the farmers’ problems away” by initiating a social media call to action which saw the leading agri-company’s staff hosting braais on company premises.
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This year’s Budget Speech comes against the background of tough macroeconomic conditions, characterised by weak economic growth, less effective tax administration and collection, and rising demand for government expenditure, amongst other factors.
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- 30 January 2019
- Senwes
- 17156
Leading Agri-company, Senwes has laid out a challenge to all South African companies, to answer the call to assist farmers who are suffering the conditions of drought and a drop in red meat prices. AgriSA recently called on South Africans “to braai the famers problems away.”
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Die Agri Securitas Trustfonds het onlangs geld vir die beskerming van boere en hul plaaswerkers, deur gespesialiseerde tegnologie, bewillig. Dié geld van die Trustfonds en boere se planne help hulle om hulself en hul plaaswerkers teen misdaad en geweld te beskerm.
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In the financial year 2017/18, Senwes handled and stored the largest maize crop ever produced in South Africa. Based on the above, the profit after tax increased by 86%, from R167million in 2017 to R311million in the 2018 financial year.
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- 21 June 2018
- MagGrow
- 4683
MagGrow and Senwes have announced a three-year partnership to distribute MagGrow technology in Central South Africa. The announcement was concluded on 10 May 2018. Both companies are excited to introduce the technology to crop growers in South Africa.
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Senwes, a major role-player in the local agricultural commercial sector, and SGS has successfully concluded a co-operation agreement in terms of which the service delivery to customers of both these entities is to be substantially enhanced.
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- 06 December 2017
- Senwes
- 8116
Senwes, one of the largest agri businesses in South Africa has released their interim financial statements for the period May to October 2017.
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- 17 November 2017
- Senwes
- 6132
The Institute of Risk Management South Africa recently bestowed an Industry Award upon Senwes for an outstanding risk management initiative in the category: Agriculture, Forestry and Fishing.
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- 01 November 2017
- Senwes
- 9331
Senwes and its partners recently hosted a wow Christmas Party for five hundred and ninety children.
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While the GDP of agriculture drastically narrowed during the 2016/17 season, the Senwes group reflected an increase of 7,1% in net profit. The group announced a R167 million net profit for the financial year ended 30 April 2017.
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The first ever silo Solar PV in the Senwes group and in South Africa was launched in the first week of June at Hennenman silo. This comes after the company launched the installation of 2 392 solar panels with a total capacity of 753.48kWp in June 2016 at their head office in Klerksdorp.
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Senwes and North West Cricket hosted the eleventh edition of the Senwes Spinners Farm School tournament from the 31st March – 2nd April 2017 in Potchefstroom.
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- 06 March 2017
- Senwes
- 55837
Senwes and Senwesbel (the Companies) shares are trading on a licenced exchange, ZAR X as of 20 February 2017. The provisions of the Financial Markets Act obliged the Companies to migrate the share trading to the licensed exchange environment.
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