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AGO/Bosasa Smart Global Campus Back on The Auction Block

Park Village Auctions, in conjunction with Bidders Choice, is bringing the highly
publicised “Smart Global Campus” and its content belonging to African Global
Operations (AGO, formally Bosasa) back to market.
The assets to be sold are essentially a “re-auction” of the last lots stemming from the
liquidation of several subsidiaries of Bosasa (now African Global Operations), which
commenced in December 2019. Litigation has, until now, thwarted the business
rescue practitioners’ attempts to conclude liquidation proceedings.
A statement from Park Village Auctions (PVA) on the matter said:
“The asset/property (being the Bosasa Campus) was initially put up for public auction
during early December 2019.
“To our knowledge the implementation of the sale arising from the auction was
delayed for a significant period of time because of litigation between the remaining
Gavin Watson related companies and the liquidators.
“As a result of the delay that was occasioned by the litigation, the purchaser, as it
was entitled to do in terms of the agreement, resiled from the agreement.”
According to PVA Director Clive Lazarus, the upcoming auction is a “further step in
the administrative process.”
Set to take place onsite at 1 Windsor Road, Luipaardsvlei, Krugersdorp, from 11 am
on Friday, 2 Feb 2024, the sale comprises immovable property and office furniture
(the latter will be sold as one lot).
The immovable property, known as the Smart Global Campus, features a large office
park and training centre, a double-volume warehouse, multiple storerooms, a
transformer room, a command control room, an “Imbizo” recreation building with
large timber deck, a restaurant (or canteen), a lapa, sleeping quarters, staff ablution
facilities, steel carports and Jojo water reservoirs set astride approximately 8.2
hectares of land.
Interested parties are invited to view the premises between 10 am and 2 pm on
Thursday, 25 Jan.
Replying to whether this auction will bring the BOSASA Saga to a close, Clive
Lazarus says, “The auction represents an opportunity for creditors to recoup debts
finally”.

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