The Livestockauctions.co.za website is the first of its kind in South Africa. It has been developed to facilitate transactions between livestock dealers, livestock farmers/sellers and livestock buyers. The website facilitates the buying and selling of livestock online thru several auction mediums and processes. The Livestockauctions.co.za website has been specifically designed to assist the livestock industry in native mediums to sell livestock on an internet platform. The website also provides the means for livestock farm owners to sell their livestock without the involvement of a middle man or agent.

MISSION

Livestockauctions.co.za is the online auction website for the industry and is synonymous with the livestock industry in South Africa and the rest of Africa. Our mission is to offer the livestock industry and our customers an online auction experience that is user-friendly, feature rich and has relevant information about the livestock industry.

On Livestockauctions.co.za you will also find information about:

·        Veterinary Services in South Africa;

·        Statistics on certain livestock specie prices;

·        Transport and relocation services available in South Africa;

·        Articles relevant to the livestock industry in South Africa;

·        Products and services related to the livestock industry online and website users.

The online website has five methods of facilitating transactions between buyers and sellers of game and hunting packages namely:

·        Bid to Buy Auctions;

·        Tender Auctions;

·        Real-Time Online Auctions(see About Us for Real-Time Auctions);

·        Silent or Timed Auctions(see About Us for Real-Time Auctions);

·        Live Webcast Auctions (See About Us for Live Webcast Auctions).

 BID TO BUY AUCTIONS

Bid to buy auctions functionality allows livestock users to perform day to day, anytime buying online. This allows the user to load, buy and sell livestock online on the website immediately but only to registered users of the website. The buyer must logon to his profile and navigate to the lot he wants to buy and add it to his auction basket. The website will then inform the seller that a successful bid has been received on the specific lot. The seller will then logon to his profile and accepts or reject the bid of the lot within 24 hours. As soon as the buyer and seller have accepted the transaction, a “conditions of sale” of the lot will be sent to both parties listing the following:

·        Buyers details;

·        Sellers details;

·        List of livestock acquired with prices and quantities and details;

·        Special conditions of sale(for example including delivery costs and insurance costs);

·        Delivery address for the buyer;

·        Invoice details of the buyer and seller confirming the pricing and terms of the transaction;

·        The seller will then be invoiced for the commission as per the terms and conditions of the particular auction.

         The final arrangements will then be between the buyer and seller for the delivery and payment of amounts due. Livestock Auctions is a facilitator of the transaction and cannot be held responsible for the delivery of livestock as well as payment of the amounts due. The livestock pricing on lots includes in most circumstances the kilometre range in which the animals will be delivered free of charge. The terms and conditions will be very specific if the seller needs to pay for extra kilometres. Payment of the commission on the sale is payable within seven days from invoice.

TENDER AUCTIONS

The online auction functionality allows for users to sell and buy a specific lot of livestock on a tender principle. These specific lots are allocated a specific timeline to bid for the specific lot. The bidding process is live and interactive and users can track the bidding for the period allocated to the lot. At the closing of the lot, an email is sent to both parties (buyer and seller) confirming the successful bidder of the outcome of the online auction. The seller of the lot must then accept the final bid for the lot. As soon as the buyer and seller have accepted the transaction, a “conditions of sale” of the lots will be sent to both parties listing the following:

·        Buyers details;

·        Sellers details;

·        List of animals and hunting packages sold with prices and quantities and details;

·        Special conditions of sale(for example including delivery costs and insurance costs);

·        Delivery address for the buyer;

·        Invoice details of the buyer and seller confirming the pricing and terms of the transaction;

·        The seller will then be invoiced for the commission as per the terms and conditions of the particular auction.

         The final arrangements will then be between the buyer and seller for the delivery and payment of amounts due. Livestock Auctions is a facilitator of the transaction and cannot be held responsible for the delivery of the livestock as well as payment of the amounts due. The livestock pricing on lots includes in most circumstances the kilometre range in which the animals will be delivered free of charge. The terms and conditions will be very specific if the seller needs to pay for extra kilometres. Payment of the commission on the sale is payable within seven days from invoice.