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SHAREHOLDERS

EXPLANATION OF THE REBATE POLICY

GWK’s total profit is endowed to shareholders in two components.

Rebates Interest 

R10 of each R100 is paid out in cash. R89 of each R100 is capitalized for our shareholders over a period of 15 years. R1 of the R100 is a preference share which determines the shareholder’s voting rights.

Interest

Funds of existing shareholders earn interest equal to inflation. 10% of this is paid out in cash and 90% is capitalized over a period of 15 years.

Our shareholders’ initial investment of R690 000 has grown to R753 million over a period of 15 years.

For an initial investment of R200, a farmer becomes part of GWK’s DNA. GWK is fully owned by farmers.

Subsidiaries declare a dividend to GWK, which is included in GWK’s profit.


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