SOUTH AFRICAN NATIONAL COMMODITY EXCHANGE
Looking after National and
International Commodity Traders
for visiting "The SOUTH AFRICAN National Commodity Exchange", S.A.N.C.E
(Pronounced SAANS). We endeavour to make it easier for those who has Commodities for sale to find Buyers,
and for those wanting to Buy Commodities, to find Sellers, quickly and
easily without the need to run around from meeting to meeting (TTM) looking for Product or Funds.
The National Commodity
Exchange is a Commodity Trading company. We try to deal straight with
both Buyers and Sellers.
One major Focus of the Commodity Exchange is to
assist Commodity Brokers and traders and to set
guidelines for a currently "unregulated" South African commodity
industry. Intermediaries, Buyers, Sellers, Mine owners,
Shareholders and Mandate Holders are invited to
register with S.A.N.C.E.
In return all registered Members
immediately receive accreditation and then receive electronic confirmation by way of a registration number and a S.A.N.C.E.
Accreditation Membership Card with your unique
Membership Number and your Colour photo. A special Web Page is also built for every S.A.N.C.E.
member (and a copy of their S.A.N.C.E. membership card placed online) so
that anyone wanting
to verify Membership of individual S.A.N.C.E. members, can do so quickly
Registered S.A.N.C.E. Members receive
preferential information from the National Commodity Exchange when we receive
pre-qualified products (POP)
and "Proof of Funds" (POF).
Mine owners, Local and International Buyers as
well as the large mining Houses and the Legal world are all quickly becoming familiar with S.A.N.C.E.
Since their experience with us is normally very positive, more and more
mines and Buyers turn to us for assistance. International Buyers prefer
to deal through accredited members of S.A.N.C.E.
Being part of S.A.N.C.E. will create excellent Business opportunities for
The National Commodity Exchange
strive to serve as a centre where Products and Funds can meet. Many
Buyers and Seller are running around trying to source either
Product for their Money, or Funds for their product. They are often messed
around from meeting to meeting where either no POF (Proof of Funds) or
POP (Proof of Products) exists.
The Commodity Exchange
can also assist Commodity brokers and S.A.N.C.E members to verify both
proof of product (POP)
and proof of funds (POF). Once POP
and POF have been 100% verified and confirmed, the Buyers and Sellers
will be contacted to arrange a once off TTM where final proof will be presented to both
parties concerned, and the final signing of agreements will be arranged.
The Commodity Exchange
can assist in drafting final contracts, prepare IMFPA's for signing by the
Sellers, Buyers and Intermediaries and can also be appointed as paymaster, securing the payments for all
concerned on a monthly basis.
The Commodity Exchange
endeavours to be a complete, "One Stop" Service and takes pride in assisting the
Commodity Industry in S.A.
S.A.N.C.E. very effectively makes
use of the
AA Agreement. Single point of
accountability Agreement" or
The agreement is basically an Attestation
document, signed by both Sellers and Buyer who are willing to confirm in
writing that they do indeed have, either "The Product" offered for sale
or "The Funds" to purchase the Commodities concerned. The AA
Document is very useful only and only if Completed properly and the
requirements as stated at the bottom of the agreement is provided. The
AA agreement can also be referred to as
The fact is that someone should stand accountable
when product is offered or when a buyer or his mandate states that they
do indeed have either thee "Product" or "Funds". If no-one is willing to
make such attestation, who will then be the person coming to the final
TTM to sign the agreements-a bunch of empty handed, hopeful commodity
If Seller states that they
definitely have the Product, we normally request a FCO (Full Corporate
offer) and wherever possible the AA Agreement, completed and signed by
the accountable person. If no one is willing to sign the AA Agreement,
we know that they do not actually have the product themselves, but may
have heard about it from someone they know.
To assist you to verify POP or POF
today, feel free to contact us.
The Fact is: You will
find what you are looking for much easier through us!
Note: Intermediaries interested
to make quick money simply because of their presence in meetings, and
who are not involved in doing the hard work involved in commodity
trading will be only be facilitated as referral agents and will be
rewarded handsomely with "Once Off Referral Commissions".
Join S.A.N.C.E. now
- Only R1500 per
(S.A.N.C.E. Members are automatically placed on our mailing list)
(full Membership and Accreditation)
We will need Copy of your ID, a
recent Full Colour Electronic Passport photo, the online application
form completed and your Annual payment.
all Intermediaries to register as Intermediaries with the Commodity
Exchange (S.A.N.C.E.) You
will be allocated with a registration number and your own unique
For this you will
a) Be notified FIRST when New
Product, or Buyers with Funds, register with S.A.N.C.E.
b) Receive a regular Email update
with Product, information, news and updates
c) You will Automatically, when
registering be accredited as a S.A.N.C.E. Affiliate
d) We offer assistance to conclude
From time to time we offer training to S.A.N.C.E.
Members on different subjects of interest (individual courses normally
cost between R500-R750 per course)
f) We will forward you your Special
Membership Card containing your S.A.N.C.E. Membership number, ID Number and
Photograph, stamped by S.A.N.C.E.
g) As a S.A.N.C.E. member you may
and should use
your S.A.N.C.E. membership Number on your Letterheads, emails and Business
h) You will be
Circle of Senior commodity Brokers. We have occasional meetings
where available Product, methods to Market Products, Advertising of
Products, names of people not to be trusted and why, market trends etc.
etc. are discussed. We then invite
specialists in their fields to briefly address the meeting on various
subjects of Interest such as RBCT, Coal, Mining, Chrome, Manganese, Rail
allocations and how it works and other problems and solutions in the
These meetings normally happen either in
Johannesburg, Centurion or Pretoria.
More detailed Benefits of
S.A.N.C.E. membership are available at
1. Membership does not mean that S.A.N.C.E. will be employed by
you. We work with Commodity Brokers, Mines and traders but we do not
work for them.
2. Membership fees are not refundable. We work as much as possible
with verified genuine products. If you call us or send us emails with
incomplete details, your email may be ignored.
3. We are traders
ourselves and will work with you. We spend much time in the field and
does not sit at our PC's awaiting your emails all day long. When you
send emails we will respond as and when we can (please do not demand
speedy email replies).
4. We cannot guarantee anyone's success.
Being a S.A.N.C.E. member does not be default entitle us to
any of your commissions.
S.A.N.C.E. will only share in
commissions when we are actually involved in a specific
transaction with you.
is commodity trading primarily depends on the following three items:
Genuine quality products (that can be verified - POP)
b) Genuine Buyers with the funds to transact
c) Good, fair prices
Contact Louis Kearney on 079 872 3339 during office hours
Office: 012-751 6050 (Neotel)
Fax: 0866 124