This innovative entity is simultaneously committed to promote
the spiritual well-being and a healthy self-worth of children in the local wine
industry. IBETA Bulk Trading Floor™ is
owned by International Bulk Exchange, Trade and Auction
(IBETA).
This
dynamic concept gives
winemakers the opportunity to
enter their uncontracted tanks and lots (any volume and from
any vintage) three times a year (June, September and December) for a two-week
window period to be traded via the IBETA Bulk Trading Floor™. Panels of key
buyers will review the available wines within cultivar groups and at the same
reserve price, and then arrange them for the trading floor according to
achievement – ready to be sold. The
modern approach of these events that will take place at Allée Bleue’s Le Grand
Hall will enable buyers to taste all the wines available in the industry for two days and then to use top technology for
the digital bidding process.
Contracting will take place directly between the
buyer (highest bid) and the seller (relevant producer) and a 2% auction
commission will be paid to IBETA.
IBETA
feels that all wine industry role-players should take action in terms of their
social responsibility and participation in the IBETA Bulk Trading Floor™ gives
them the ideal opportunity to make a difference. “A minimum of 20% of the
profits generated via the IBETA auction processes will be channelled to the Edge of Life Fund, a wine industry
funding trust. As a prominent wine industry entity IBETA’s vision is to
increasingly invest in the self-worth and spiritual well-being of children
growing up in the South African wine environment,” says Philip Jonker, executive
manager of IBETA.
Note:
the closing date for entries for the first IBETA Bulk Trading Floor™ is 19 August. Judging will take place on 27 and 28 August,
where after buyers will enter the trading floor upon invitation on 3 and 4 September. Interested parties
can contact Elsabe Ferreira for more information regarding the competition or
the entering procedures at admin@efpromosies.co.za
or +27.218631599.
On
behalf of
IBETA
Bulk Trading Floor™ | Contact: Steyn
Fullard |Cell +27.833814922