Standard Bank announced the launch of its B2B trading portal, the trade standard, enabling buyers and suppliers to trade online. Old Mutual announced the launch of FundsNet, an online investment platform that will go live on 1 November.
Some experts claim that e-commerce has come of age.
But ever so often we see online trading portals collapsing shortly after initiating business. Sacob announced that its commercial arm, Chamber Services Holdings, would make its online presence felt with the launch of its African business portal and website. South Africa s promising Internet brokerage business is facing an uphill struggle to produce profit. MTN , a subsidiary of M-Cell announced that it would be venturing into Europe shortly. The cellular telephone company is partnered with an Italian based operation called Aliasnet, Italy s first convergent Telco.