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.
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 |