Gupta’s Saxonwold home rakes in R2.6 million on Auction

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One of Gupta’s home in the affluent leafy suburb of Saxonwold in Johannesburg, was sold for R2.6 million on Auction. One of Gupta’s home in the affluent leafy suburb of Saxonwold in Johannesburg, was sold for R2.6 million on Auction.

Described to be the most high profile auction event of the year, one of the properties in the affluent leafy suburb of Saxonwold in Johannesburg, belonging to the controversial Gupta family was sold for R2.6 million on Monday morning.

According to Park Village Auctions, the 1,119m2 luxury home comprises an entrance foyer, a lounge, a TV room, a dining room, a kitchen, three bedrooms and two bathrooms (one of which is en suite). A covered patio gives access to a front garden and swimming pool.

The property further features a double garage, and a single bedroom and bathroom staff quarters.

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This is the first of five Gupta homes in Saxonworld which went under the hammer on Monday 11am. Other homes set to go under the hammer at a later stage include, Umhlanga rocks in Durban and Bishops Court in Cape Town.

The Gupta family has a well-documented history in South Africa, particularly their close ties with former president, Jacob Zuma.

The family has since fled the country following accusations that it used its political influence to interfere in ministerial appointments to advance their business interests as part of a campaign to “capture the state”.

The property was believed to be the same house from which Tshepiso Magashule, the son of the African National Congress secretary general Ace Magashule, was forcefully removed as previously reported by the Mail & Guardian.

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The paper noted that business rescue practitioners have been selling off a number of properties owned by the infamous family.

The controversial family are at the heart of state capture allegations, along with their friend, former President Zuma.

In 2018, the family’s Saxonwold compound was raided as part of a Hawks investigation, but the family had already left the country.

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The Gupta brothers have refused to return to SA to answer to allegations against them.

Park View Auctions’ Clive Lazarus said the sale represented a prime opportunity for those seeking to acquire a luxury home in the highly sought-after, affluent suburb of Saxonwold at a favourable rate.

Residential houses in the area fetch anything upwards of R3 million, with some going up to R20 million.

Read more on:

Property Auction  |  Residential Property Market  |  Jacob Zuma  |  Park Village Auctions  |  Gupta Family  |  Saxonwold  |  Ace Magashule  |  Clive Lazarus