Category: Auction News
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Park Village Auctions provides insight into the relationship between Business Rescue proceedings and auctions and how both buyers and sellers stand to benefit. South Africa’s business landscape is experiencing a surge of Business Rescue proceedings, indicative of the nation’s economic challenges. With this, auctions have become a crucial tool for struggling companies—and savvy investors. As […]
A large family home in Bedfordview will go under Park Village Auctions’ hammer onWednesday, the 21 st of August.Number 55a Kloof Road is a double-storey residential home with a double-volumedining room, a lounge and fireplace, a TV lounge, a kitchen with a pantry andscullery, and an entertainment room with a built-in bar leading out to […]
In response to the South African Reserve Bank’s (SARB) recent decision to maintainthe prime lending rate at 11.75% and the repo rate at 8.25%, Park Village Auctions(PVA) is emphasising the benefits of auctions as an alternative financing solution forbusinesses.Commenting on the current economic climate, PVA Director Clive Lazarus says:“While we’re relieved to see no further […]
Park Village Auctions has assembled another impressive lineup of commercialvehicles poised to fulfil the market’s ongoing high demand from dealerships and fleetmanagers.A fleet of truck tractors, fuel tankers, side-tipper trailers, wheeled loaders andexcavators are among the highly sought-after assets on the block next month, saysPVA’s Natashia Goosen.In line with what buyers have come to expect […]
Park Village Auctions will soon host a timed online auction for big-ticket assetsstemming from the liquidation of a construction company.The assets on offer will whet the appetite of plant hire, construction, mining,earthworks, and civil engineering firms. That’s the word from PVA’s Werner Burger,who adds that timed auctions provide an ideal platform for buyers to placeconsidered […]