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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Following an Executive Meeting, Grain SA yesterday announced the postponement of the 2021 NAMPO Harvest Day to 17-20 August 2021, hopeful that Government policies and guidelines permit the postponed date. Grain SA will evaluate and review the date on 1 June 2021 if necessitated by the National State of Disaster.
The financial results of the Senwes Group reflect an 80% increase in turnover amounting to R3,517 billion (2019: R1,954bn) while earnings before interest, depreciation and amortisation increased by 49%, from R343m to R511m.
South Africans have always been known for their willingness to reach out and help each other in times of need. This characteristic has clearly shone through once again. A number of projects have been launched to assist those who are struggling and in need, living in areas where the destructive effect of the disrupted economy is most visible.
The financial results of the group of companies reflect a 7,8% growth to R303m profit attributable to equity holders of the parent company for the 2019/2020 financial year. Earnings before tax, depreciation and amortisation increased by 17,6% from R533m to R627m, while earnings per share increased by 5,4% to 178,3 cents per share.
Senwes has the responsibility of making a meaningful contribution towards food security in South Africa through sustainable agriculture. This responsibility stretches across various segments in the agri value chain which include, amongst others, the supply of inputs and mechanisation solutions as well as grain handling, storage and logistical solutions to food producers and other role players in the value chain.
The 2020 NAMPO Harvest Day will be postponed to 11-14 August 2020, given that Government policies and guidelines permit the postponed date. Grain SA will evaluate and review the date by the end of June 2020 if necessitated by governmental regulations.
“Eskom has implemented stage 6 load shedding from 18:00 to 22:00 on Monday evening, catching the South African economy off guard,” says Nicol Jansen, Agri SA’s chair of the Centre of Excellence: Economics and Trade.
South Africa’s top contributors to agriculture have been recognised at the Agricultural Writers SA Awards. The event, sponsored by Bayer, Rovic Leers, Santam Agri and Sanlam gives recognition to the work of those that seek to elevate food security and rural economies.
Agri SA is heartened by the Minister of Agriculture, Land Reform and Rural Development, Thoko Didiza's budget speech delivered at Parliament on 16 July 2019.