21 June 2004An Upington, Northern Cape wine company, Oranjerivier Wine Cellars, on Thursday signed an import and export agreement with the Malaysian Eswira Resources company to export 150 000 litres of wine to Malaysia.The company is one of the biggest wine cellars in South Africa, with a record harvest of 184 361 tons for 2004.“This is a boost for the region and its people and the South African economy. This is an example of how to market South Africa in the future,” said chief executive Herman Cruywagen, adding that the agreement will lead to tourism opportunities between the two countries.Zainul Hawani Ahmad of the Malaysian High Commission said the trade and investment partnership between the two countries was the cornerstone of their bilateral relationship with South Africa.“South Africa is our most important trade and investment partner, and I hope this agreement will afford a golden opportunity for Malaysians to further develop bilateral networking directly with the Northern Cape,” she said.Northern Cape MEC for Economic Affairs and Tourism, Pakes Dikgetsi said the agreement entitled Upington farmers to act as ambassadors of the province.“This deal will broaden the horizons of our farmers to access the international market,” he said.“It will also develop the economic empowerment of the marginalised section of the Northern Cape,” he added.Source: BuaNews
26 January 2009Local e-commerce comparison site Jump Shopping chose bidorbuy as the best South African online auction site for the third year running in 2008. Bidorbuy attributes its success to a simple business model: make a website and allow other people to trade on it among themselves.Established in 1999 for individuals to buy and sell their wares online, bidorbuy’s registered users passed the 300 000 mark by November, a growth of 40%, while average sales have risen from about R9-million a month a year ago to about R20-million a month currently.About 80% of transactions are concluded in the auction format, the remainder being fixed-price sales. In line with perceived international trends, the company expects an increase in fixed-price listings.“The move towards fixed-price items seems the logical next step,” says bidorbuy director Andy Higgins.“After all, some people prefer to come to the site, browse, and buy. They don’t want to waste time on a lengthy bidding process at the end of which they may have nothing to show for it, because someone else might outbid them and walk away with the item they wanted to buy.”Crazy Wednesday, Snap FridayHowever, according to bidorbuy, their sellers do not quite see it that way: many maintain that they have a better chance of selling their merchandise, and at a higher profit, when they list them in auction format.The buyers, meanwhile, favour the auctions starting from R1 with no reserve, which have become so popular that the company has dedicated two days of the week to such auctions: Crazy Wednesday and Snap Friday.Most of the R1, no-reserve, items on bidorbuy are in the low to medium value category, though every now and then a seller will stage a surprise and raise everything: a two-bedroom apartment in Helderkruin, in Gauteng’s West Rand, closed at R390 000, having opened at R1 without reserve, while a second-hand Mercedes Benz CLK320 has also appeared on a R1 no-reserve auction.“It must be emphasised that auctions are not an efficient way of selling all goods – they do not always work well for items whose price can be anticipated in advance,” Higgins says. “But auctions do excel when they are called to set the price for items of indeterminable value, for example collectibles or used items. In those cases, the auctions provide a very good dynamic pricing mechanism.”Simple formulaAll in all, the bidorbuy business model boils down to a very simple formula: make a website and allow other people to trade on it among themselves, the company says.“As a company, bidorbuy has no contact with the goods traded on its site. It does not need to worry about warehouses and shipping and other complicated details.”Bidorbuy also points out that its business model has shown unusual vitality in these times of the economic gloom.“Up to a point, consumer-to-consumer online sites like bidorbuy.co.za thrive on recession, because that is when people come to the site to sell in order to improve their finances and to buy bargains in order to save on their expenses.”SAinfo reporter Would you like to use this article in your publicationor on your website?See: Using SAinfo material
In a major blow to the CPI(M), its senior leader and former legislator from Khowai, Biswajit Datta, joined the ruling BJP in Tripura on Friday. Mr. Datta has been staying away from the party affairs after he was dropped from candidature on ‘health grounds’ in the February Assembly elections.The CPI(M) claimed that Mr. Datta was unable to put up a strong fight in Khowai, and thus was removed on the last day of withdrawal of nomination. The party’s second choice, Nirmal Biswas, however, defeated BJP’s Amit Rakshit by a comfortable margin.Mr. Datta, who had to be admitted to hospital in the run-up to Assembly elections over health issues, termed his exclusion fallout of a ‘conspiracy’ hatched by a section of leaders. He claimed that he was fit enough to contest and retain his seat.Mr. Datta joined the BJP at a rally in Khowai in the presence of BJP national secretary Sunil Deodhar .About 100 CPI(M) supporters also switched sides. Mr. Deodhar hinted that several CPI(M) leaders were in touch with him to join the BJP.Earlier, two senior CPI(M) leaders, Jitendra Sarkar and Monaranjan Acharjee, had joined the BJP. A large number of local leaders and local body representatives made their entry into the saffron party.