RBH holds an effective 17.64% interest in Senwes. The stake (27.14% in total) was acquired by a consortium comprising RBH (65%) and Treacle Private Equity (35%).
Senwes is the second largest agricultural services company in the country, dominating the Free State maize producing region. It was established 96 years ago as a co-operative and transformed into a public entity in 1997. The company provides integrated agricultural services to grain producers, which are input supplies, storage and facilitating market access for the harvested crop. Its silo infrastructure capacity of 4.6 million tons constitutes more than 25% of the country’s commercial storage capacity. The RBH Consortium holds 27.14%, while Senwesbel holds 35% and the balance is traded on the OTC market.
Senwes BEE transaction unlocks value for shareholders and opens new doors
6 December 2005
Mpueleng Pooe
Lucas Ndala (alternate)
