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CMI JV - Onsite Auction - South Africa

Live Auction, Starts: 7 Mar 2018 1:00 AM PST

By order of CMI JV
A live auction of transformers, containers, park home, motor and pumps, generators, compactors, continuous mobile asphalt plant and spare parts
  • Transformers
  • Containers
  • Park homes
  • Motor and pumps
  • Generators
  • Compactors
  • Continuous mobile asphalt plant
  • Spare parts

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: 10%
VAT/Tax: 14%
Inspection details: To be confirmed - please contact team on: 021 702 3206
Payment type: Wire Transfer
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 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
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Currency: South Africa Rand
Auctioneer: GoIndustry DoveBid S.A. (Pty) Ltd.
Register at location
View lot catalogue
Event Information
Location: Ingula Pump Storage Scheme, Ladysmith
Starts: 7 Mar 2018 1:00 AM PST

Contact Details
Contact: Schalk Naude
Telephone: +27 (0) 79 472 7529
Telephone 2: +27 (0) 21 702 3206
Shipping Information
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