The sale of luxurious cars belonging to controversial tenderpreneur, Hamilton Ndlovu went “exceptionally” well and better than “anticipated.”
This was according to Graham Van Niekerk of Park Village Auctions, which facilitated the sale of the multimillion Rand cars on Wednesday, 28 August.
According to Van Niekerk, the cars were sold at just over R7 million, which is a decrease of at at least R3 million compared to the actual amount Ndlovu had bought the cars, which valued at around R10 million in 2020.
The auction was held virtually for buyers across Mzansi including KZN, Free State, Eastern Cape and Gauteng.
Some of the cars sold was a 2019 Lamborghini Urus, 2019 Porsche Panamera GTS, 2020 Porsche Cayenne S and a 2019 Porsche 911 Carrera.
According to Van Niekerk, the Lamborghini was sold at just over R3 million while the Porsches ranged just over R1 million each.
While Van Niekerk could not reveal much on the buyers, he said the sales were spread across the country and that the buyers had all paid the R50 000 deposit.
He said the deposit fee was to avoid someone purchasing a vehicle and walking away from the sale. He added that there are admin procedures before the buyers finally get their hands on the cars.
“The cars are still under the curator and are subject to confirmation. Once that is done, which is something that can happen tomorrow, then the buyers can collect the car,” said Van Niekerk.
Ndlovu drew attention four years ago when he posted a video showcasing his purchase of multimillion Rand sports cars, which he had bought in one go.
Upon investigation by SARS and the Special Investigating Unit (SIU), it was discovered that the National Health Laboratory Service (NHLS) awarded tenders totalling R172 million to companies associated with Ndlovu.
Most of these tenders were allegedly secured through the misuse of emergency procurement procedures. Ndlovu’s cars were seized in 2021 after a high court ruling.
The seizure of the cars would then see the SIU and NHLS being granted an order to freeze his property in Bryanston as well as his bank accounts.
His house was later auctioned for R7,1 million in 2023 as part of the implementation of investigation outcomes and consequence management to recover losses suffered by NHLS and the public.
-dailysun
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