AgriRewards is a deferred bonus scheme in terms of which Senwes annually allocates a portion of its profits to customers to reward them for their loyal business with Senwes during the year. The bonus is paid in the form of cash in the year in which the allocation expires.
Agri Credit Solutions
Interest-bearing transactions: 0,35% of the average interest-bearing debt. Senwes Grainlink
Senwes Grainlink
Senwes silo deliveries: R50/ton
Grain per ton procured: R5 per ton
Senwes Equipment
New whole good equipment purchases (3%) and purchases of parts (3%).
Certisure Group
Premiums from asset insurance (0,5%), credit life insurance (0,5%) and crop insurance (0,5%).If clients do business with all three the insurance segments, an additional 0.5% per insurance segment is awarded, which will increase the total benefit to 3% of premiums.
Hinterland Holdings
1% of store purchases, 1.5% of store purchases and 0.5% of retail maize
Senwes introduced the Level System where loyal customers who do business with a combination of the participating businesses earn additional bonuses.
Registration for the 2024/2025 financial year bonus closes on 31 March 2025.
Any person who is registered for the AgriRewards scheme and who does business with any of the qualifying businesses will qualify for the deferred bonus.
Participation is not automatic, and customers have to specifically register to participate in the scheme. Once a customer registers for the scheme, he/she will automatically remain registered for successive years and does not have to reregister, unless the customer chooses to deregister.
The deferred bonus of each customer is determined annually based on the extent of business done with Senwes during the year. The bonus is paid in cash in the year in which the allocation expires. The bonus for which customers qualify, is communicated after the end of the Senwes financial year.
The 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 is allocated per entity or individual and is not transferable to other legal persons.
Note: The benefit of the scheme is that the customer will receive a year-on-year allocation if he conducts business annually with Senwes. In this manner the pool of bonuses will also grow year on year. Although the bonuses are not payable immediately, the bonus allocations can be used at current value as security at Agri Credit Solutions.
AgriRewards members who do business with a combination of the participating businesses in the Senwes Group earn additional bonuses. The more business, the more benefits. The Level system is based on the tons delivered at Senwes’ Grainlink silos:
A kick-in minimum of 75% will apply.
AgriRewards offers short-term benefits for registered customers in the form of discounts on the purchase of new vehicles. Senwes, in collaboration with suppliers, offers this discount on almost all the top brand names in the industry (namely Toyota, Ford, Nissan, Isuzu, Mercedes Benz, Volkswagen etc.). Registered customers 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].
SS Wealth Planning is a newfound wealth planning service that not only aims to create wealth, but also to ensure long-term financial advice for clients and Senwes employees.
The group represents a dynamic agreement between Senwes and S-BRO Financial Services (led by Dr Stefan Strydom), of which each party is an equal shareholder.
A gap in the market has been identified for clients with unique and complex financial needs and therefore the SS Wealth team specialises in customised solutions.
For more information about these professional services, contact Nadia Swanepoel
Senior Advisor: Business Engineering
Please remember that the registration for AgriRewards is subject to the acceptance of terms and conditions.
AgriRewards Plus is a community-based programme where AgriRewards members can automatically contribute to their specific communities through certain business conducted within the Senwes Group.