Municipal auction a resounding success.
KOUGA Municipality’s public auction was a resounding success last week, with everything on offer finding a a buyer. A total of 141 lots went under the hammer at the Jeffreys Bay municipal depot in St Croix Street on Wednesday. Winning bids ranged from Rl00 for the cheapest lot to Rl90 000 for the most expensive. Each lot included a variety of items, including office equipment, refuse bins, bakkies, graders and a TLB. The auction drew countrywide interest, with the item that fetched the highest price of the day, a Komatsu TLB, being sold through Executive Mayor Elza van Lingen said the success of the auction exceeded expectations as most of the items, especially vehicles, had been standing redundant in the municipal depot for years. “The auction follows an earlier Council resolution to dispose of old and redundant items. “The money we made will contribute to wards the municipal budget and will assist with service delivery. “The figures are still being finalised, but we can safely say we made in excess of Rl, 5 million, after auctioneer costs,” said Van Lingen. The Mayor added that the auction was done in accordance with the municipality’s Supply Chain Management Policy, Section 43 (4) (c), which states, “The accounting officer must ensure that movable assets are sold either by way of written price quotations, a competitive bidding process or by public auction at the highest offered price, provided such price is market related.”
- 17 Boyes Street, New Spring Areas, Springs R690,000.00
- Unit 10 SS Waterfield Park, 198 Risi Avenue, Linmeyer, Johannesburg R400,000.00
- 203A SS Renaissance Retirement Village, 174 Bellairs Drive, Glenvista, Johannesburg South R790,000.00
- Paradise Nature Reserve for Sale R15,800,000.00
- The Greens 14, Vanderbijlpark Ce 5, Vanderbijlpark Ce in Liquidation R1,300,000.00
- 76 Carter Road, Forest Hill, Johannesburg R820,000.00