One of South Africa`s major servicing Stock Brokers will be the first to go live on Telkom CyberTrade and will be migrating most of their 12 000 stock brokers as well.
Andre Maartens MD of PSG said "I am astounded by the throughput achievable on CyberTrade. This will definitely adds greater value to my customers, who constantly complain about the unreliability of the Internet."
"Telkom`s Extranet, coupled it`s the value adding content makes CyberTrade the ideal electronic market place where informed decision will take place online in real time" he added.
The venture involves a three-year contract that includes joint marketing. The parties see the venture as the beginning of a business relationship that will benefit their mutual clients and compliment their mutual strive for service excellence.
Gavin Naidoo product manager of Telkom CyberTrade is quoted as saying "CyberTrade will ultimately evolve to be a clean family network and serve as a catalyst in bolstering the South African Economy through the enablement of Entrepeneurs, small business and large corporate`s to transact in an electronic environment. This will empower decision-makers to make informed decisions with information a mouse click away. New opportunities for business ventures will arise since buyers and sellers will have a choice"
CyberTrade is Telkom replacement product for Beltel, which will be shut down on the 30th of September 1999. CyberTrade will cover the full spectrum of Electronic commerce and will include shop-front hosting, information merchants, Traditional EDI , Forms based EDI, Transaction Switching and access to electronic Banking. To get more information on CyberTrade you can call 0800 578 578.
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