All sys­tems go for auc­tion of Bosasa as­sets


THE Lin­dela Repatriati­on Cen­tre will go un­der the ham­mer as part of a string of Bosasa as­sets set to be sold at what has been dubbed the “big­gest auc­tion of the decade”.

Last week, the Gupta-owned Con­fi­dent Con­cepts in Sax­on­wold was auc­tioned off for a cool R2.6 mil­lion. But a big­ger auc­tion is com­ing up next week.

The African Global Op­er­a­tions, for­merly Bosasa, auc­tion is ex­pected to rake in as much as R65m.

Park Vil­lage Auc­tions, the same com­pany that auc­tioned off Gupta as­sets, will dis­pose of the com­pany’s as­sets in a three­day mas­sive fire sale as the com­pany’s liq­ui­da­tion draws near.

The Wat­son fam­ily has pre­vi­ously said the auc­tion would not go ahead but Park Vil­lage Auc­tions is adamant the sale is on track from next Wed­nes­day.

The as­sets will be auc­tioned off to set­tle the debt the com­pany owes to cred­i­tors. The com­pany, ac­cused of cor­rup­tion, is com­mer­cially in­sol­vent and in the hands of its liq­uida­tors. The Wat­son fam­ily has fought the auc­tion. Jared Wat­son, ex­ecu­tor of the as­sets of the late head of the com­pany, Gavin Wat­son, didn’t re­spond to phone calls or text mes­sages.

How­ever, last week Jared said: “For informatio­n pur­poses there is ab­so­lutely no auc­tion oc­cur­ring re­gard­ing Bosasa/ African Global’s as­sets in De­cem­ber. This is merely false informatio­n be­ing spread, most likely by Cloete Mur­ray, who has no author­ity to bring an auc­tion.”

Bosasa’s trou­bles started when former COO An­gelo Agrizzi told the Zondo Com­mis­sion that over 30 peo­ple, in­clud­ing se­nior Cab­i­net min­is­ters, were in the pock­ets of Bosasa. The Wat­son fam­ily has de­nied the damn­ing al­le­ga­tions.

How­ever, if the auc­tion goes ahead as sched­uled, bar­gain buy­ers could score some sweet deals.

“The high­lights will be the three fixed prop­er­ties, com­pris­ing the Bosasa

head­quar­ters and cam­pus, the Lin­dela repatriati­on cen­tre and the en­tire con­tents of a func­tional cop­per plant. Those will be nar­rowly fol­lowed by an ar­ray of ve­hi­cles, and the exquisite home and of­fice fur­ni­ture on of­fer,” said Pi­eter Gelden­huys of Bid­der’s Choice.

The Lin­dela Repatriati­on Cen­tre – which houses im­mi­grants be­fore de­por­ta­tion – is the big­gest prop­erty com­pris­ing 26.5 hectares and in­cludes a res­i­den­tial devel­op­ment with nine large build­ings, a work­shop and a soc­cer field.

There are ve­hi­cles ga­lore. Some of the cars up for grabs in­clude a BMW X5, an Audi S5, an Audi A4, a Mercedes-Benz E200 and a Mercedes-Benz C250. There are also bakkies, minibuses and a se­lec­tion of Toy­otas such as a Hilux, a For­tuner, an Avanza, Corol­las and a Quan­tum.

A wide as­sort­ment of other items will be auc­tioned s well.

JAC­QUES NAUDE/African News Agency (ANA)

THA­BANG Mafolo, Oratilwe Rak­goala, Bule­lani Molotsi, Moeketsi Mak­goa and Ofentse Khubayi of Bok­goni Tech­ni­cal High School in At­teridgevil­le cel­e­brate the com­ple­tion of their fi­nal Grade 12 exam yes­ter­day. See Page 6 |

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