sports
South African agrotech firm SwiftVEE moves livestock sales online
SwiftVEE is developing an online platform to conduct cattle auctions. The company aims to shift a portion of South Africa's livestock transactions away from traditional in-person sales.
May 27, 3:00 PM·1m read1 source
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SwiftVEE, an agrotech company, is building a digital platform for livestock auctions in South Africa. The firm seeks to move some sales away from the large public auctions that currently handle most transactions.
Traditional market structure Ninety percent of livestock sales in South Africa occur through large public auctions, according to the report. SwiftVEE plans to offer an alternative channel conducted entirely online.
Company initiative The company states its goal is to transform the sector by digitizing the auction process. No timeline for full rollout or specific transaction targets has been released. The report was published by CNN on May 27, 2026.
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