Julius Malema's property auctioned for R5.9 million

Expelled ANC Youth League (ANCYL) president Julius Malema's half-built mansion in Sandown, Joburg, was sold for R5.9 million on auction yesterday.

Posted at 04:12AM May 10, 2013 by Editor in Auctions  | 

Julius Malema's unfinished Sandown property on auction tomorrow

Julius Malema's house is going under the hammer tomorrow after he missed the March deadline to challenge Sars's application for the sequestration of the house for his failure to pay R16 million he owed.

Posted at 08:30AM May 08, 2013 by Editor in Auctions  | 

Controversial Blaauwberg beach property development on auction

The semi-completed Blaauwberg Beach Hotel development, which has been at the centre of the Realcor Group financial scandal, is to be auctioned.

Posted at 09:31AM May 03, 2013 by Editor in Auctions  | 

Hotel development on auction to recoup Realcor debts

The ClareMart Auction Group has been instructed by the liquidator of Midnight Storm Investments 386 LTD to proceed to sell by public auction the semi completed landmark Blaauwberg Hotel development on Thursday, May 23 at 12 noon at the Radisson Hotel, Waterfront, Cape Town.

Posted at 02:32PM Apr 24, 2013 by Editor in Auctions  | 

Malema's Sandown property to be auctioned

A half-built home in Sandown belonging to expelled ANCYL president Julius Malema will be auctioned next month, it was reported yesterday.

Posted at 06:18AM Apr 22, 2013 by Editor in Auctions  | 

Entire apartment block in Woodstock to go on auction following liquidation

On 11 April an entire 7-story residential apartment block known as 360 Degrees will be taken to auction following the liquidation of Bestvest 153 (Pty) Ltd.

Posted at 08:00AM Mar 11, 2013 by Editor in Auctions  | 

Property auctioneers face 'dual challenge'

"Most auctioneers today," says Tanya Jovanovski, franchisee for Rawson Auctions in the Western Cape, "find that it is not difficult to get stock, however getting a realistic reserve price can be a real challenge."

Posted at 07:54AM Jan 16, 2013 by Editor in Auctions  |  Comments[3]

R1m 'wasted' over Auction Alliance

The National Consumer Commission, established to protect consumers, has run up a R1-million legal bill in its failed efforts to get to the bottom of allegations around the controversial auction house Auction Alliance - money that will ultimately be paid from consumers' taxes.

Posted at 07:50AM Sep 17, 2012 by Editor in Auctions  | 

Infamous Baroness' property to be auctioned off again

A Constantia mansion, situated on 1 Rhodes Drive, and once owned by the infamous Baroness Aleksandra von Maltzan, will once again go under the hammer on 13 September 2012.

Posted at 07:45AM Aug 28, 2012 by Editor in Auctions  | 

Auction Alliance in court bid to outlaw multiple raids

Lawyers for Auction Alliance filed papers in the Western Cape High Court on Wednesday to challenge the warrant used by an anti-corruption task team which raided the company's 13 offices around the country on Tuesday.

Posted at 08:07AM Aug 10, 2012 by Editor in Auctions  |  Comments[7]