REGISTRATIONS ARE OPEN EVEN IF AUCTION IS ONGOING

TAKE NOTE THAT A BIDDER'S ACCOUNT HAS TO BE CREATED, AND THEN AFTERWARDS YOU SHOULD OPT IN TO REGISTER FOR THE AUCTION AS WELL

ALL LOTS ARE LOCATED IN VARIOUS LOCATIONS THROUGHOUT SOUTH AFRICA

ALL LOTS TO BE SOLD SUBJECT TO CONFIRMATION TO HIGHEST BIDDER

CLICK HERE TO DOWNLOAD THE REGISTRATION FORM FOR THIS AUCTION (IT CAN BE FILLED OUT ELECTRONICALLY OR PHYSICALLY)

CLICK HERE TO DOWNLOAD THE AUCTION CATALOGUE FOR THIS AUCTION

CLICK HERE TO DOWNLOAD/VIEW THE BANKING DETAILS FOR PAYMENTS

WHATSAPP LINES:
SOUTH AFRICA: (+27) 66 274 9808
INTERNATIONAL: (+507) 6889 8047

REGISTRATION DEPOSITS AND CURRENCY PAYMENTS
ACCEPTED CURRENCY: ZAR OR USD
REGISTRATION DEPOSIT OF R20000 OR $2000 REQUIRED
ALL DUE DILIGENCE (FICA) DOCUMENTS MUST BE SUBMITTED ALONG WITH REGISTRATION FORM AND PROOF OF DEPOSIT PAYMENT TO panabidafrica@outlook.com

BUYER'S PREMIUM
7% BUYER'S PREMIUM CHARGED ON ALL LOTS SOLD

SALES TAX AND OTHER EXPENSES
TAKE NOTE THAT VALUE ADDED TAX (VAT) IS CHARGED ON THE 7% BUYER'S PREMIUM AND ON THE PURCHASE/SELLING PRICE OF AN ASSET
15% VALUE ADDED TAX (VAT) ON SOLD PRICE (HAMMER PRICE/PURCHASED PRICE)
15% VALUE ADDED TAX (VAT) ON 7% BUYER'S PREMIUM
R2500 (OR $250) CHARGE ONLY ON LOTS WITH NATIS DOCUMENTS (IF APPLICABLE)

VIEWING
DURING NORMAL WORKING HOURS
MONDAY TO FRIDAY BETWEEN 08:00 TO 16:00 (SAST)

VIEWING CONTACT PERSONS
ANRIE LLOYD: (+27) 72 255 0080 (CALLS OR WHATSAPP)
PANABID AFRICA OFFICE: (+27) 66 274 9808 (CALLS OR WHATSAPP)
EMAIL: panabidafrica@outlook.com

ASSET TRANSFER
ASSISTANCE WILL BE PROVIDED WITH ALL PAPERWORK REQUIRED
10% OF THE PURCHASE PRICE WILL BE REQUIRED FROM SUCCESSFUL BIDDERS TO COMMENCE THE TITLE DEED TRANSFER PROCESS
THE OUTSTANDING BALANCE (90% OF THE PURCHASE PRICE) WILL BE SETTLED UPON FINAL SIGNATURE OF THE TITLE DEED
ALL REVOCABLE BANK GUARANTEES MUST BE SUBMITTED IN FAVOR OF THE SELLER

COLLECTIONS AND REMOVALS
GENERALLY 21 WORKING DAYS FROM CONFIRMATION OF ASSETS, BUT MORE TIME CAN BE ARRANGED IF NEEDED
ALL ASSET REMOVAL COSTS ARE AT BUYER'S OWN EXPENSE

INVOICING AND PAYMENTS
ALL INVOICING WILL BE DONE ON CONFIRMATION OF ASSETS
INVOICES WILL BE SENT VIA EMAIL TO SUCCESSFUL BUYERS
ALL PAYMENTS CAN ONLY BE MADE VIA WIRED/ELECTRONIC BANK TRANSFERS
EXCHANGE RATE AS ON DATE OF INVOICE ISSUED FOR CUSTOMERS PAYING IN USD

RELEASE OF ASSETS
ASSETS WILL ONLY BE RELEASED TO BUYERS ONCE FULL PAYMENT REFLECTS IN THE NOMINATED BANK ACCOUNT OF PANABID AFRICA (PTY) LTD (ZAR) OR PANABID S.A. (USD)