GRAIN BROKERS
Senwes Grain Brokers
New JSE membership
By Frans Dreyer
Manager: Senwes Graanmakelaars
A REGULATORY STRUCTURAL
CHANGE WAS NECESSARY
Senwes Graanmakelaars (Pty) Limited
(Graanmakelaars) was formally admit-
ted as a member of the JSE Agricultural
Derivatives Market on Monday, 20 August
2018. The JSE trading code allocated to
Graanmakelaars, is SWGM. The separate
positioning of Senwes Graanmakelaars
as a member was required in accor-
dance with certain amendments to the
JSE rules in terms of which Senwes
Graanmakelaars, acting on behalf of cli-
ents, has to be an independent member
of the JSE. The objective of the JSE rule
amendments in this regard was to ensure
that the interests of clients were protected
by setting clear boundaries and making
a distinction between the types of trading
by specific members of the JSE.
What are the roles of Senwes Limited
(SWKM) and Senwes Graanmakelaars
(Pty) Limited (SWGM)?
Firstly you can rest assured that the regula-
tory changes will not have any effect on the
manner in which your hedging and trading
have been done at Senwes over time.
Senwes Market Access, which includes the
grain marketing consultants (procurement)
and the unique Basislink basis trading sys-
tem, will still function under the (Senwes)
SWKM-membership. The only difference
is that roles will be divided in that SWKM
will be a non-broking member of the JSE
74
and Senwes Graanmakelaars will fulfil
the role of broking member. All existing
JSE-accounts created under the SWKM-
membership, will be transferred to SWGM
(Graanmakelaars). There will be no change
in the manner in which brokerage clients
will obtain access to the market via their
JSE-accounts.
It is specifically confirmed that the fol-
lowing will remain unchanged:
• All personnel involved with
Graanmakelaars will move to the new
member SWGM and existing client/bro-
ker relationships will not be affected;
• Your brokerage fee structure will
remain unchanged;
• The same broker services will still be
rendered;
• The offices will remain within the
Senwes Head Office in Klerksdorp, but
physical access to Graanmakelaars will
be controlled by means of access con-
trol structures in future;
• The current telephone numbers will
remain unchanged.
WHAT CAN SENWES
GRAANMAKELAARS OFFER ME?
Graanmakelaars provides access for all
clients with a JSE-account to the different
commodities available in the agricultur-
al produce market. The bigger role of
Graanmakelaars in respect of market
access is to increase synergy and to cre-
ate an opportunity for producers, consum-
ers and speculators to hedge or to utilise
potential market opportunities.
Graanmakelaars also fulfils a sup-
SENWES SCENARIO | SOMER • SUMMER 2018
porting role, in co-operation with market
access analytical services, to compile
market information reports on a daily
basis. The reports are available on the
Senwes website at no cost and clients
can also subscribe to these daily reports
via MySenwes (https://www2.senwes.
co.za/af-ZA/MySenwes/Login/).
However, the source which facilitates
access to market information remains the
Senwes Grainlink application where real-
time market information and price updates
are made available free of charge.
Senwes Graanmakelaars also has its own
Twitter profile which can be found by
entering @SGBrokers on Twitter.
Graanmakelaars is committed to ren-
dering an excellent service, aimed at the
client, within the bigger Senwes vision
of non-negotiable commitment to ethical
values. We are looking forward to being
of service via our new JSE-membership.
Should you have any further enquiries in
this regard, please do not hesitate to con-
tact us.
Manager: Frans Dreyer
[email protected]
(018) 464 7786
Brokers:
Marcel Lombard
[email protected]
018 464 7722
Handre van Heerden
[email protected]
018 464 7197
Bennie Scheepers
[email protected]
018 464 7554