Commission market

The Joburg Market is a commission market that is open to all the country's producers who send in excess of 1000 000 tons of fresh produce to the market each year to be sold to thousands of market buyers. This trade realises a turnover of more than R 3,5-billion a year. The commission system works as follows:

Market agents receive between 5% and 7,5% commission on the gross value of the sold product. Commission varies according to commodity and should be negotiated between the producer and the market agent. The market receives a fixed 5% commission for managing and maintaining a competitive marketing system and infrastructure that makes fresh produce trading possible, including a computerised sales system, cash collections, cleaning and security.

It is important to note that all produce at the market remains the property of the producer until sold, via a market agent, to willing buyers. The market never owns the produce, and neither do the market agents.