GCC is a group of companies that is comfortable in the boardroom and in remote locations on the African continent.
“The group is equipped to provide various services in the most efficient turnaround times by having inspectors strategically placed throughout the regions,” says Dheerie Govender, GCC director.
The group has more than 20 years of experience and specialises in audit, inspection, collateral management and stock monitoring services on minerals, fuel and agri commodities.
Today the group has a recognised footprint in several African countries encompassing East, West and Southern Africa. We take pride in grooming, empowering and up-skilling the diverse labour markets which exist in our operating countries. This enables us to understand the local culture that comes along with being present in these countries. The group considers this quality to be a strength which positions us as one of the leading service providers in our industry.
We are at the epicentre of trading and financing of Africa’s critical commodities in the agricultural, fuel and minerals sector. By using a third-party independent service provider the stakeholder has the comfort that the commodity or goods traded conform to quality, weight and packing requirements as contracted.
Collateral management services are provided by securitisation of assets on behalf of clients, across a broad spectrum of commodities that range from soft commodities (for example maize and wheat) all the way to high-value products (such as fuel, copper,
cobalt, etc) in the region.
Collateral management has become an integral part for a financier in terms of risk and regulatory compliance. It is recognised as an important tool in risk mitigation in the credit risk arena.
The group’s collateral management services entail physical control over goods during the period that such goods are pledged as security (collateral) to a financing party. The service can be rendered at either the client’s premises or other warehouse facilities and is secured by specific legal documentation that creates a system of bailment over the goods, ie continuous, exclusive control over the goods, during the period of finance.
Stock monitoring services are provided by periodic visits to a storage facility to determine the stock position at time and date of intervention, and to verify the difference in stock positions compared to already recorded figures.
The group’s stock monitoring services entail physical verification of the goods during the periodic attendance by both tally and review of receipt/dispatch records.
The service can be rendered at either the client’s premises or other warehouse facilities and does not require the completion of legal documentation, as in the case of collateral management.
Who hires us?
Domestic and international banks, insurance companies, traders, governments and non-government organisations, are amongst the vast variety of role players that make use of our various service offerings throughout the group.
The group’s transition between local presence and international expertise in logistics management over the past 20 years gives us the advantage in our industry.
The group head office is based in Lagos, Nigeria and the region encompasses Benin, Burkina Faso, Côte d’Ivoire, Gambia, Ghana, Mali, Liberia, Togo and Senegal. The group has kept under its supervision various soft commodities such as wheat, rice, cocoa and pulses.
The group head office for East Africa is based in Nairobi, Kenya and the region encompasses Tanzania, Burundi, Uganda, Ethiopia, Eritrea, Somalia, Rwanda and North Sudan. Tea, coffee, sisal, pyrethrum, corn, and wheat are all grown in the fertile highlands, making this one of the most successful agricultural production regions in Africa. The group has kept under its supervision various soft commodities and fuel.
The group head office for Southern Africa is based in Sandton, South Africa and the region encompasses Angola, Botswana, Malawi, Mozambique, Namibia, Zambia and Zimbabwe. We have over 50 office staff and 150 inspectors domiciled in the region. The group handles the following commodities: fertilisers (various), maize (white and yellow), wheat (various), coffee, rice (various), pigeon peas, cotton, ground nuts, green gram, cow peas, sorghum, soya beans, sugar beans, sugar, raisins, livestock, sesame seeds, cashew nuts, cloves, red cocoa beans, yellow gram, minerals, fuel, clinker, gypsum, charcoal and tobacco.