South Africa's Senwes announces restructuring to focus on grain business
April 01, 2001
by Emily Wilson
Senwes, an agricultural company based in Klerksdorp which handles a third of South Africa's grain, announced it would shed noncore assets over the next two years in order to focus on grain storage and handling, trade and financing, said Japie Grobler, Senwes' chairman.
Grobler declined to name the companies that will be sold, but said assets such as animal feed, poultry and oil presses would be divested.
Senwes's decision to focus on its core grain business was adopted after recommendations by consulting group Gemini. "It was felt that the company had simply gotten too diverse," Grobler said.