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Terms and Conditions

Title : 3 Day Auction On Yellow Metal, Mining Equipment, Wetplant And Property

Reference : 271

Date :2019-05-17

R10000.00 refundable registration fee is payable. 6 % Buyers commission plus VAT is payable on immovable assets and 10 % Buyers commission plus VAT payable on Movable assets. 14 days confirmation period applicable for immovable properties. For the balance the purchaser must provide a bank guarantee 40 days after confirmation. 7 days confirmation period applicable for movable assets R1500.00 + VAT documentation fee payable on vehicles and R3000.00 + VAT documentation fee payable on trucks & trailers. All finance must be preapproved. The auctioneer and Liquidators reserve the right to withdraw any asset from auction. Buyer must comply with all prescribed regulations (OHS). FICA requirements (IS & Proof of residence) must be met. No transaction will be finalised without the necessary FICA documents. Auction is subject to reserve price. All potential purchasers must pre-register for auction. Complete auction rules is available on our website. The auction rules is in accordance of Section 45 of the Consumers Protection Act, Act 68 of 2008,

General Rules of Auction

General Rules of Property Auction

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