Senwes Scenario February / March 2019 | Page 7

NEWS We have a narrow and focused business portfolio, which means we know a lot about a few things, instead of the other way around. that it cannot be changed from one year to another and that you have to base an informed decision on a 20-year profit his- tory. A producer is therefore a risk manager who has to make risk decisions. “To say that you are going to plant if the price is right, is a price decision, but it has to be combined with a production decision.” The order of your decision-making pro- cess is also important. SPECIALISATION OR DIVERSIFICATION? This is a very important question. Senwes has the advantage of evaluating 110 years' history. In our case, specialisation is the answer for our business model. Senwes diversifies geographically, over commod- ities and in respect of its customer base. It is important to remember that if you perform well in one part of the value chain, it does not imply that you perform well in another area as well. If your business stra­ tegy is profit-making, it is a short-term view and a dangerous road to follow. The right strategy is to survive and to still be here next year. SURVIVAL In order to survive, you have to be critical of yourself and be analytical as far as your core skills, risk approach and the environment are concerned and not to be Should you wish to contact Senwes Credit, Senwes Equipment and Senwes Grainlink, contact them as indicated below: complacent. “You may not be as clever as you think.” Be focused, committed and humble. Time is important. If you need to make a decision, do it. What is important is the message that you convey, the culture you create and the character you build when you make a decision. 2019 NATIONAL ELECTION We find ourselves in a time with very high volatility, political incidents are the order of the day and opinions are voiced. Exchange rates, commodities and busi- ness confidence are affected - it is import- ant to make sure that these short-term incidents and events do not detract from your long-term views. Do not become par- alysed by fear and the inability to make decisions. GOOD OPPORTUNITIES Be assured that there are many good opportunities: “We utilise only two oppor- tunities from a corporate transaction point of view out of every 100 opportunities.” If the price is not right, we say no. We are in the food value chain and we support producers. The crux is that you will have to adjust to certain situations and if you do not have the courage and the confidence to carry on, circumstances will force you to make a decision. Senwes promises to continue with its investments, the con- Pieter Swart Senwes Credit: Managing Executive 018 464 7532 [email protected] Pieter Malan Senwes Grainlink: Managing Executive 018 464 7395 [email protected] Ferdie Pieterse Senwes Equipment: Managing Executive 018 464 7653 [email protected] solidation of business processes and the utilisation of good opportunities. We are committed to provide input products, market access, financial ser- vices, advice and solutions to our cus- tomers. We have a narrow and focused business portfolio, which means we know a lot about a few things, instead of the other way around. Senwes' objective is to provide the best administration and support services to producers, to take the lead and to share fundamental knowledge with our customers. “Be assured that Senwes will continue to be a participant and not a spectator. We are part of South Africa and we accept the responsibilities which come with it.” SENWES SCENARIO | MIND-SHIFT 2019 05