Auction

Commercial Building up for Grabs in Keimoes N.Cape by GoIndustry DoveBid SA

Upcoming auction this month will include a commercial building in Keimoes, Northern Cape, to be auctioned on 16 May. ... Full story

Haven in the Mountains on Auction

A prime parcel of the Elandsjacht Farm, situated in the Du Toitskloof Mountain Range, will be brought under the gavel during an on site auction by BKB Eiendomme on Saturday May 19th. ... Full story

Rael Levitt admits career gone and says sorry

Former Auction Alliance boss Rael Levitt has admitted he made mistakes but did not deserve to be demonised by South Africa, it was reported on Sunday. ... Full story

No crisis of Confidence at The High Street Auction Co Event

Despite recent press coverage and negative sentiment surrounding the auction industry, the local market's appetite and confidence for buying through auction remains healthy, if The High St Auction Co’s last auction is anything to go by 21 lots with a combined market value of R114 million went under the hammer on the day. ... Full story

Auction Alliance CEO not found Guilty of 'Fraud'

Levitt's lawyers say the media is wrong. The National Consumer Commission has ruled that Rael Levitt is guilty of contravening certain aspects of their legislation. ... Full story

Statement from the Board of Auction Alliance 2 April 2012

We have considered the media statement on the Appelbaum/Auction Alliance matter issued by the National Consumer Commission on Friday 30 March 2012 and have instructed our legal team to have the decision reviewed. ... Full story

Statement from the Board of Auction Alliance 30 March 2012

The Board of Directors of Auction Alliance have considered the media statement on the Appelbaum/Auction Alliance matter. ... Full story

Rael Levitt steps down

The Board of Auction Alliance has agreed that Rael Levitt will step down as its Chief Executive Officer with immediate effect, pending the outcome of the independent investigation. ... Full story

Auction Alliance achieves R 67.6 million for Johannesburg CBD property

Two landmark buildings in the CBD, previously owned by Vukile LTD, were snapped up by a private investor for R67.6 million on auction, revealing a welcome return of investor appetite for commercial property within Johannesburg’s inner city’s retail core. ... Full story

Auction Alliance boss blasts claims of fake bidders

RAEL Levitt, the head of Auction Alliance, has offered to open his company’s books to investigators after allegations of improperly driving up auction prices and paying kickbacks – claiming this will prove that his company is clean. ... Full story

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