Stellies Student Scoops Agritech App Entrepreneurs Award
Tech may not be the first thing that comes to mind when most people think about the agricultural industry, but for one Stellenbosch student they couldn’t be more closely linked.
Economics student Lunga Momoza recently received the Stellenbosch Network Entrepreneur of the Month award for his app called Basket which promises to connect energetic farmers with customers for their fresh produce.
Local innovators using technological solutions have the potential to solve many of SA’s development challenges and help the economy to grow. Let’s take a look at the Basket app and how it promises to revolutionise the way business is done in the Stellenbosch agricultural industry.
planting the seeds of tech transformation
South Africa’s agricultural sector is brimming with potential, but many upcoming farmers don’t have sufficient access to customers. At the same time, small traders find themselves paying higher than necessary prices for the fruits, vegetables, and other products they sell on a daily basis.
The Basket app is designed to close the gap between these two groups, providing direct market access for small farmers and allowing suppliers and customers to fine-tune their orders according to the produce that’s in demand at a given time.
- The app is still under development, but once it exits the prototype stage and goes live it’ll be available for download, offering farmers and customers a unique opportunity to connect online.
- The app will operate on a transaction fee structure of 3.5% percent, remaining affordable for small traders and farmers
- Recognising that many informal traders still operate on a cash basis, Basket will make provision for COD payments with a 7.5% delivery fee.
an online future calls for high tech data security
Economic development goals and the challenges facing the agricultural sector can more easily be achieved with the help of future farming technology like the Basket app.
With bright young tech partners coming up with innovative solutions, every industry in our economy could soon benefit from lower transaction costs and increased efficiency.
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