CAHI AUCTIONEERS AID BIDPATH’S CONTINUED GLOBAL EXPANSION IN SOUTH AFRICA

UK “ Bidpath Ltd. (œBidpath) - The Leading Global Online Auction Software Provider“ are delighted to announce that we have continued to expand our EMEA regional presence in South Africa with Cahi Auctioneers (Cahi) one of South Africa's leading property and moveable asset auctioneers, to provide them with proprietary private label online bidding technology.

Cahi are one of the largest and longest established auctioneers in South Africa. Founded in 1987 the company acts on behalf of high-profile clients across the region, including internationally operated banks and other financial institutions. Built on a foundation of professionalism and strong business ethics, Cahi's mission is to deliver a service to their clients which is of the highest possible standard, and to provide that service in an efficient and friendly manner, based on the principles of honesty and integrity.

Jade Cahi, Managing Director of Cahi commented: œOver the last 33 years we have grown Cahi by always acting in the best interests of our vendors and our buyers.  The calibre of the clients we work on behalf of holds us to the highest possible standards and drives us to deliver the very best levels of service, both in person and during our online auction event. As our business has expanded and adapted to the new Covid-19 era, we wanted to continue to deliver the best online experience for our clients and customers. We knew we were limiting our brand presence, and taking our customers away from our website, by using marketplace bidding technology, we also knew a private label online bidding solution would enable us to deliver a best-in-class bidding solution for our users and drive higher returns for our clients. The Bidpath team have demonstrated that they align with our own business ethics, acting with honesty and professionalism, and offering the highest standards in client services throughout our journey.

Bidpath has a long history of providing technology solutions to auctioneers around the world currently working with over 750 auctioneers in 27 countries and hosting over 1,500 auctions a month. The first online timed auction with Cahi marks a new phase in Bidpath's global expansion. From the acquisition of German based AuctioNovo and CUS Business Systems in the US in 2019, to the global regional expansion of the core business from North America to the UK and further to Australia, Bidpath have seen impressive year-on-year growth.

David Brindley, President of Bidpath commented: œWe are absolutely delighted to be the service provider of choice for Cahi. From our initial discussions it was clear that the team at Cahi understood the value of a branded and fully customised bidding solution for their website as a tool to empower their business as they continue to grow. We were also pleased to be given the opportunity to continue the expansion of Bidpath's global presence, honouring our dedication to serve auction communities wherever there is a requirement for end-to-end or stand-alone online bidding technology. We've built our business on our commitment to putting our clients at the heart of everything we do, and we are delighted to be able to take Bidpath technology directly to auctioneers in the region.

Cahi Auctioneers hold regular live and timed auctions of property and moveable assets and are members in good standing of the South African Institute of Auctioneers and the Estate Agency Affairs Board of South Africa. To view their catalogues and see their proprietary online bidding technology in action please visit https://bid.cahi.co.za/.

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