Help is at hand to guide1 novices in auctioneering industry

The increasing popularity of auctions and online auctioneering has led to an influx of newcomers to the industry whose inexperience can sometimes land them or their customers in hot water facing legal ramifications or unnecessary expenses.

Fortunately, the same rules and regulations apply to online auctions as the centuries-old traditional auctioneering industry and new businesses can apply for membership with the industry’s official industry professional body and regulatory organisation, the South African Institute of Auctioneers (Saia).

Saia is the guardian of the industry in South Africa.

It represents the interests of all involved in the industry including auctioneers, buyers and sellers. Its members are held to strict criteria and in turn are afforded preferential status for asset disposals in government departments, banks and most organised businesses. It also acts as a watchdog for buyers and sellers and acts against rogue auctioneers.

Although not mandatory, membership is recommended. Buyers and sellers are also advised to make use of Saia members as an assurance of their adherence to legislation, quality service and ethical behaviour. It also provides the company, customers, buyers and sellers with recourse in the event of transgressions.

Saia national secretary Sonja Styger, pictured, says becoming a member can also be lucrative for newcomers as it offers benefits such as:

Legislative adherence

Saia ensure its members align with all relevant legislation, policies and procedures. This commitment acts as a regulatory shield, protecting auctioneers, sellers and buyers alike. Members benefit from comprehensive governance and legal guidance, ensuring legally sound practices.

Exclusive access to tenders

Membership grants exclusive access to government tenders, a distinct advantage in a competitive industry. Government departments and parastatals often restrict tenders to Saia members, presenting lucrative opportunities for those within the Saia fold.

Focus on education

Members have access to learnership programmes and support. Saia offers tips, advice, best practices and case studies.

Innovative auction portal

Saia’s website, www.auctioneering.co.za, facilitates company registrations and advertises upcoming auctions. The portal alerts members to potential auction scams, ensuring a secure and trustworthy environment.

Transformation initiatives

Saia is dedicated to fostering positive transformation within the industry. Through internal systems and programmes, it seeks to be a catalyst for empowerment and diversity.

Reputation management

The institute ensures that the public is properly informed and understands that auctioneering is a reputable and trustworthy profession when dealing with professionally accredited Saia members.