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Slim sakeplan die sleutel tot finansieringsukses

  • 25 September 2020
  • 1342

In die swak ekonomiese klimaat is finansiering vir produsente lank reeds nie meer ʼn gegewe nie. Hierdie tendens kan onder meer toegeskryf word aan die probleme by die Land Bank, wat sowat 30% van die landbou finansier, asook die feit dat banke se kredietrisiko verhoog en hul kredietkriteria verander.

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Senwes expands commitment to finance emerging black farmers

  • 28 August 2020
  • 1649

As announced on 18 August 2020, the Competition Tribunal approved the merger between the Senwes Group of Klerksdorp and the Suidwes Group of Leeudoringstad. As part of the approval agreement, the merging parties undertook to enhance their current offering to black emerging farmers.

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Budget tips to survive the vat hike

Finance Minister Melusi Gigaba announced in his budget speech on 21 February 2018 that for the first time in 25 years, VAT will increase by one percentage point to fifteen percent as of 1 April 2018. A one percentage point increase in VAT implies that 7.1 percent more tax will be collected. For Senwes clients registered for VAT for farming purposes, this increase will have a minor effect as VAT on all major input costs can be claimed back from South African Revenue Services (SARS).

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