Description
MULTI PLANT CLOSURE - ONLINE AUCTION - LOTS IN ZA
JUNE 25TH TO JULY 17TH, 2025
AUCTION OPENS AT 13:00 (SAST)
GENERAL INFORMATION
REGISTRATIONS ARE OPEN EVEN IF AUCTION IS ONGOING
ALL LOTS TO BE SOLD SUBJECT TO CONFIRMATION TO HIGHEST BIDDER
ALL REQUIRED DOCUMENTS FOR THIS AUCTION CAN BE FOUND ON OUR BIDDING PLATFORM OR ON OUR WEBSITE (AT THE BOTTOM OF THIS PAGE)
ALL LOTS ARE LOCATED IN SOUTH AFRICA
WHATSAPP LINES
SOUTH AFRICA – (+27) 66 274-9808
INTERNATIONAL – (+507) 6889-8047
REGISTRATION DEPOSITS AND CURRENCY
ACCEPTED CURRENCY – ZAR OR USD
REGISTRATION DEPOSIT – R5000 OR $500
ALL FICA/DUE DILIGENCE DOCUMENTS MUST BE SUBMITTED ALONG WITH REGISTRATION FORM AND PROOF OF DEPOSIT PAYMENT TO panabidafrica@outlook.com
BUYER’S PREMIUM
12% BUYER’S PREMIUM CHARGED ON ALL LOTS SOLD
SALES TAX AND OTHER EXPENSES
TAKE NOTE THAT VALUE ADDED TAX (SALES TAX) IS CHARGED ON THE 12% BUYER’S PREMIUM AND ON THE PURCHASE PRICE OF AN ASSET
15% VALUE ADDED TAX (SALES TAX) ON SOLD PRICE (PURCHASE PRICE) APPLICABLE FOR BUYERS IN SOUTH AFRICA
15% VALUE ADDED TAX (SALES TAX) ON 12% BUYER’S PREMIUM APPLICABLE FOR BUYERS IN SOUTH AFRICA
R2500 OR $250 CHARGE ONLY FOR LOTS WITH NATIS (REGISTRATION) DOCUMENTATION
VALUE ADDED TAX (SALES TAX) REFUNDABLE FOR EXPORTS ONLY (INTERNATIONAL BUYERS)
VIEWING INSTRUCTIONS
VIEWINGS CAN ONLY BE MADE WITH PRIOR ARRANGED APPOINTMENTS
VIEWING CONTACT INFORMATION
PANABID AFRICA OFFICE – (+27) 66 274-9808
ANRIE LLOYD – (+27) 72 255-0080
ASSET COLLECTION
ASSET COLLECTION IS 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
CRANE FACILITIES ARE AVAILABLE FOR HIRE, DETAILS CAN BE SUPPLIED IF REQUESTED
TRANSPORT SERVICES AVAILABLE FOR HIRE, DETAILS CAN BE SUPPLIED IF REQUESTED
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 INVOICE DATE FOR CUSTOMERS PAYING IN USD
RELEASE OF ASSETS
ASSETS WILL ONLY BE RELEASED TO BUYERS ONCE FULL PAYMENT FOR ASSETS HAVE BEEN MADE AND CONFRIMED TO HAVE REFLECTED IN THE NOMINATED BANK ACCOUNT OF PANABID AFRICA OR PANABID
WHATSAPP LINES:
SOUTH AFRICA: (+27) 66 274 9808 OR (+27) 72 255-0080
INTERNATIONAL: (+507) 6889 8047
