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Sale of Bosasa assets dubbed ‘biggest auction of the decade’

03 Dec 2019

"It’s on!" That’s the unwavering word from Park Village Auctions and Bidder’s Choice as the three-day African Global Operations (AGO, formally Bosasa) liquidation auction draws near.

The sale of Bosasa (African Global Operations) assets is set to proceed as planned this week.

Controversy arose after the auction’s official announcement on the 20th of this month as AGO stakeholders made public claims that the sale would not go ahead. Despite which, the duly-appointed auction houses have stood firm in saying that the assets will be sold off as planned.

For this reason, the auctioneers have dubbed the sale as “The biggest auction of the decade both in significance and sheer magnitude of the physical lots on offer.”

Assets belonging to several AGO/Bosasa-owned subsidiaries will be sold over three days, Wednesday the 4th, Thursday the 5th and Friday the 6th of December.

“The highlights will be the three fixed properties, comprising the Bosasa headquarters and campus, Lindela repatriation centre, and the entire contents of a functional copper plant,” says Pieter Geldehuys of Bidder’s Choice. “Those will be narrowly followed by the enormous selection of cars, and the exquisite home and office furniture on offer.”

Located at 1 Windsor Road, Luipaardsvlei, Krugersdorp, the former Bosasa Head Office - called the Smart Global Campus - will be both the venue for the multi-day sale as well as the first fixed property up for grabs. It features a large office park, offices, a restaurant and canteen, a warehouse and other buildings, and measures approximately 8.2ha.

The Lindela repatriation centre, Luipaardsvlei 246 IQ, Krugersdorp follows. The premises measures almost 26.5ha and includes a residential development (comprising nine large buildings), a workshop and a soccer field.

Following the properties, will be a copper plant (points 214, 215 and 216 with a combined extent approximating 9.28ha) with movable and immovable equipment. The plant boasts a production capacity of 32.000-tons per annum.

Luxury household furniture and framed prints are among the many Bosasa assets to be sold 4-6 December 2019.

Vehicles to be sold include: a 2016 BMW X5, a 2011 Audi S5, 2008 Audi A4, a 2013 Mercedes Benz E200, 2016 Mercedes Benz C250, assorted bakkies, mini-busses and a selection of Toyota makes such as Hilux, Fortuner, Avanza, Corollas, and Quantum.

Commercial vehicles comprise, among others, various closed- and refrigerated-body trucks, Massey Ferguson tractors, a Case TX 170 Telehandler, a 2005 Caterpillar 424 Backhoe Loader, assorted trailers, quad bikes and golf carts.

Refrigerated, food preparation, steel, workshop, and ablution containers of various sizes will also go under the hammer.

The sale will also see “magnificent” household office furniture and equipment on the block. “One can see that no expense was spared on these items,” says Lazarus from Park Village Auctions.

Assorted king and queen bases and mattresses, couches, side tables, coffee tables, bedside lamps, framed prints, framed mirrors, chairs, washing machines, dishwashers, tumble dryers, fridges, microwaves, various televisions, and DSTV decoders make up the lots under the banner of household furniture.

Office furniture and equipment includes designer coffee tables, designer reception leather and fabric couches, boardroom suites, executive desks, high back, typist and mid-back chairs; conference tables, conference facility equipment, work stations, executive bookshelves, pedestals, credenzas, wood and steel cabinets, a large assortment painting and artwork, and outdoor furniture to name a few.

In no particular order, remaining lots to be sold include catering, garden, workshop, and “top-end” security and electronic equipment.

Lazarus says that viewing is essential due to the variety and quantity of the items on offer. Viewing will be held on site from 9am to 4 pm on Monday the 2nd and Tuesday the 3rd of December.

A detailed inventory list, a buyer’s pack and auction terms are available on www.parkvillageauctions.co.za, under web reference 419.

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