MarketSite Africa voted SA's leading e-marketplace

The ITWeb Brainstorm E-marketplaces 2002 Survey earlier this month named MarketSite Africa as the leading e-marketplace in SA based on a peer review of e-marketplaces in the country.

Ranka Jovanovic, editor-in-chief of ITWeb, explained how the survey was conducted: "In a peer-recognition exercise, we asked the survey participants to identify the market leader. Most players singled out MarketSite Africa or CommerceOne SA, with Quadrem being the second most mentioned."

MarketSite Africa connects 500 suppliers and over 4 000 buyers and continues to deliver rapid return on investment for participants. Since its inception in March 2000, the e-marketplace has helped customers reduce purchasing costs, improve relationships, as well as streamline the entire 'source-to-pay process' for all participants.

"MarketSite Africa helps its customers lower administrative costs, improve order times and manage contract negotiations more efficiently and effectively," says Janice Kallmeyer, Chief Operations Officer at MarketSite Africa.

"Since our inception just over two years ago, we have helped our customers realise significant cost savings with Commerce One solutions, and have directly impacted their bottom lines. Research by our company revealed that 32% of the suppliers to MarketSite Africa active during 2000 and 2001 had seen their sales improve through participation in the e-marketplace. In addition nearly half (43%) of these suppliers found an improvement in their customer relationships through use of the e-marketplace."

The marketplace is conducting thousands of transactions each week with well-known suppliers and its customers like Sasol achieving measurable business benefits from trading in the e-marketplace.