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SENWES BREAKS NEW GROUND with listing on ZAR X
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SENWES LEADS THE WAY IN MAKING AGRICULTURE A NEW ASSET CLASS .
Senwes and its holding company Senwesbel became the first companies to list on South Africa ’ s first additional stock exchange in almost 60 years during a launch event held at the ZAR X offices in Bryanston on 20 February 2017 .
Senwes Group CEO , Francois Strydom said the event marked an exciting day in the history of both the Senwes Group and ZAR X . “ Being the first to list on South Africa ’ s new stock exchange reflects our ethos of innovation to the benefit of our stakeholders and the country in general . Everything we do is aimed at providing pioneering , integrated solutions to food producers and other players in the food value chain so as to give everyone involved a competitive edge .
In this way , we can ensure sustainability of livelihoods , the environment and socio-economic development in the societies in which we conduct business . ZAR
Senwes Group CEO Francois Strydom rings the bell at the ZAR X exchange to mark Senwes and Senwesbel ' s listing on ZAR X . With him arem Senwes Group Executive Director
Finance Corné Kruger , Senwes Chairman , Danie Minnaar and ZAR X CEO Etienne Nel .
APRIL / MAY 2017 • SENWES Scenario
X ’ s fresh and practical approach to listing has given us a new , affordable and very low risk avenue through which to drive our strategy and , in the process , unlock additional value for our existing shareholders . Jointly , we ’ re breaking new ground for agriculture in South Africa ,” says Francois .
Francois adds that : “ The advantage for the investor of buying shares in a company listed on a licensed stock exchange is that a bigger pool of capital comes to the market , which means pension funds and unit trusts , for example , can buy Senwes shares . The advantage for the investor is that the share has more liquidity . The ZAR X advantage is that the platform offers a very secure environment to trade in shares in an electronic format ; it is paperless and it happens in real time . Shareholders can also view the Senwes share price free of charge on the ZAR X website .”
ZAR X CEO , Etienne Nel , said the Senwes Group ’ s listing
Senwes and Senwesbel shares are traded on a licensed exchange platform , ZAR X since 20 February 2017 . http :// senwes . co / zarx breaks new ground in several areas of the South African business landscape . “ Twenty-odd years of experience with over the counter trading at BJM led to the realisation that there was a clear need in the South African capital market space for additional products with a new approach to doing listings and by extension trading . The situation changed dramatically in agriculture when government lifted grain commodities marketing restrictions . Supply and demand brought fundamental market forces into play along with soft commodities price discovery ,” said Etienne .
Etienne added that : “ Today , agri-businesses have a commercial mindset focused on value creation for all stakeholders . As a result , agriculture is becoming a distinctly important asset class for investors , most of whom want a return along with making a social impact . Senwes is therefore an ideal investment vehicle and we take pride in the fact that , by enabling it to list through our simplification of share trading , we are setting a precedent for South African agriculture to access growth funds that are normally available only through traditional banking finance .”
ZAR X ’ s introduction of a principles based listing regime reduces the complexities associated with listing , making it attractive for agri-businesses that would otherwise not consider listing .
For more information please contact Elmarie Joynt , Senwes Group Legal Counsel and Group Company Secretary on Tel : 018 464 7104 or via email at Elmarie . joynt @ senwes . co . za .