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Online Auction of Scrap Steel for Transnet Engineering Sale 75

Online Auction of Scrap Steel for Transnet Enginee

Lots Closing: 27 Jun 2019 from 02:00 PM ZA

By order of Transnet Engineering

Online Auction of Scrap Steel for Transnet Engineeering

Online auction in various location in South Africa for Transnet Engineering of Wheels, Axles and Tires

Items that will be auctioned include:

Wheels
Axles
Tyres
Various store stock items

Auction notes:
Please note that the photographs shown are stock photographs and are not a true reflection of the assets on site.
Please note that in order to be approved for bidding, you are required to send us; participation form (available under downloadable documents), proof of payment and FICA documentation.

Notice to purchasers:
Buyers premium: 16%
VAT/Tax: 15%
Payment date: 5 July 2019
Payment type: Wire Transfer
Collection date: 12 July 2019

Additional notes:
This auction is governed by the Consumer Protection Act – Act 68 of 2008 (South Africa), and further reference to the Act and the regulations can be downloaded from here.
Consumer Protection Act 68 of 2008
Consumer Protection Act 68 of 2008 - Regulations

The Bidders attention is drawn to the following:
The Rules of Auction can be found under the downloadable documents tab
The assets will be sold “Voetstoots” and on “AS IS – WHERE IS” condition. It is the buyer’s responsibility to perform an inspection of the assets prior to the auction.
The Sale of the assets is non-suspensive and not subject to any feasibility or any other condition required by the buyer.

The Sale by auction is subject to
A reserve or upset price
All prospective bidders must register prior to the auction and such registration requires proof of identity and residence (FICA) as contemplated in regulation 26;
A refundable deposit may be payable by a bank guaranteed cheque or Electronic Fund Transfer (EFT). Kindly provide proof of deposit.
The auctioneer may bid for any lot or lots offered for sale at the Auction on behalf of third parties
The auctioneer may bid for any lot or lots offered for sale at the Auction on behalf of seller but, if on behalf of the seller, not at or in excess of the reserve price

 Event Details
  • Bidding Opens:   24 Jun 2019 02:00 PM
    Bidding Closes:   27 Jun 2019 02:00 PM

    Asset Location:
    Various locations throughout South Africa

    Viewing Details:
    Viewing is strictly by appointment during week days (Mondays – Thursdays) from 09h00 – 15h00. Please contact Herman Liversage

 Contact Details
  • Contact:   Herman Liversage

    Email:   herman.liversage@liquidityservices.com
    Mobile:   +27 82 452 8811
    Tel:   +27 21 702 3206

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