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Online auction for Transnet Engineering of scrap steel

TE Sale 74 online auction of scrap steel

By order of Transnet Engineering

Lots Closing: 22 May 2019 from 02:00 PM ZA

Online auction of scrap steel including wheels, axles and store stock items.

Items that will be auctioned include:

Featured Items Include

Wheels
Axles

Store stock items include:
Valves
Bearings
Hose assembly’s
Adaptors
Pin and bush assembly’s
Bolts
Rubber strips
Gaskets and more

Auction notes:
Please note that in order to register to this auction we require; proof of payment and FICA documentation

Notice to purchasers:
Buyers premium: 16%
VAT/Tax: 15%
Payment date: 29 May 2019
Payment type: Wire Transfer
Collection date: 5 June 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:   15 May 2019 08:00 PM
    Bidding Closes:   22 May 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 liaise with 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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