FINANCES
AgriRewards
offers even more benefits
By Amelie Vosloo
Project Manager
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WHAT IS AGRIREWARDS?
griRewards is a deferred bonus
scheme in terms of which
Senwes allocates a large por-
tion of its profits to customers
on an annual basis in order to reward
them for loyal business during the year.
The bonus is paid out in the form of cash
in the year in which the allocation runs
out.
HOW DOES AGRIREWARDS WORK?
The deferred bonus of each customer
is determined annually on the basis of
the extent of business done with Senwes
during the year. This bonus is subject
to specific rules, as announced for the
year concerned. These rules in respect
of qualifying business are determined
and announced by the board of Senwes.
The bonus for which customers qualify,
is communicated after the end of the
Senwes financial year. Participation is not
automatic and customers have to register
to participate in the scheme.
The deferred bonus scheme can be
used as security for credit at Senwes.
WHO QUALIFIES?
qualifying businesses, will qualify. Grain
sales to Senwes, grain deliveries at
Senwes silos and interest-bearing trans-
actions at Senwes Credit received allo-
cations over the past financial year. The
business units which will qualify for the
2019 financial year are:
54
SENWES SCENARIO | SPRING 2018
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gri
rewards
RETURN ON LOYALTY
Grain deliveries at Senwes silos;
Grain sales to Senwes;
Purchases of John Deere whole goods
from Senwes Equipment;
Interest-bearing transactions at
Senwes Credit.
WHAT IS NEW?
AgriRewards will offer short-term benefits
for registered customers in the form of
material discounts on the acquisition of
new vehicles for the first time this year.
Senwes, in co-operation with Bidvest
McCarthy, offers this discount on almost
all the top brands in the industry (Toyota,
Ford, Nissan, Isuzu, Mercedes-Benz,
Lexus, VW, etcetera). Registered custom-
ers also have the option to trade in their
current vehicles.
For more information regarding
these offers, SMS the key word
CAR to 31022 or send an e-mail to
[email protected].
Since the announcement of the pro-
gramme in 2016, the 2018 allocation is
the second of is kind and followed after
the 2017 allocation of R54/ton for grain
deliveries to Senwes silos - an amount of
approximately R54 million was allocated
for the financial year ended 30 April 2017.
HOW TO REGISTER?
AgriRewards has a variety of registra-
tion options.
Producers can visit www.agrire-
wards.co.za and register online for
the deferred bonus scheme, which
is subject to acceptance of the
terms and conditions.
Producers can register for
AgriRewards by sending an SMS
with the words AgriRewards, fol-
lowed by his ID-number, to 31022.
Contact your nearest key account
manager or procurer, who will take
you through the registration pro-
cess.
Registration for the bonus for
the April 2019 financial year will
close on 31 March 2019.
2018 BONUS ALOCATION
R50/ton for grain deliveries at Senwes
silos, R5/ton for grain sales to Senwes
and 0,75% of average interest-bearing
loans from Senwes Credit were allocated
to bonuses for the 2018 financial year.
Senwes rewards its loyal
customers in this manner.
Become part of this bonus
scheme - become part of Senwes
AgriRewards!