ENTIRE PLANT CLOSURE – ONLINE AUCTION – CATO RIDGE, ZA
GENERAL INFORMATION
⤷ TAKE NOTE THAT A BIDDER’S ACCOUNT HAS TO BE CREATED ON OUR BIDDING PLATFORM, AND THEN AFTERWARDS YOU SHOULD OPT IN TO REGISTER FOR THE AUCTION AS WELL
⤷ REGISTRATIONS ARE OPEN EVEN IF AUCTION IS ONGOING
⤷ ALL LOTS ARE LOCATED IN CATO RIDGE, KWAZULU-NATAL, SOUTH AFRICA
⤷ ALL LOTS TO BE SOLD SUBJECT TO CONFIRMATION TO HIGHEST BIDDER
WHATSAPP LINES:
⤷ SOUTH AFRICA – (+27) 66 274-9808 / (+27) 72 255-0080
⤷ INTERNATIONAL – (+507) 6889-8047
REGISTRATION DEPOSITS AND CURRENCY
⤷ ACCEPTED CURRENCY – ZAR OR USD
⤷ REFUNDABLE REGISTRATION DEPOSIT – R5000.00 OR $500.00
⤷ ALL DUE DILIGENCE (FICA) DOCUMENTS MUST BE SUBMITTED ALONG WITH REGISTRATION FORM AND PROOF OF REFUNDABLE DEPOSIT PAYMENT TO panabidafrica@outlook.com
BUYER’S PREMIUM
⤷ BUYERS IN SOUTH AFRICA – 10% BUYER’S PREMIUM APPLICABLE
⤷ INTERNATIONAL BUYERS – 12% BUYER’S PREMIUM APPLICABLE
SALES TAX AND OTHER EXPENSES
⤷ TAKE NOTE THAT VALUE ADDED TAX (SALES TAX) IS CHARGED ON THE APPLICABLE BUYER’S PREMIUM AND ON THE SOLD PRICE (PURCHASE PRICE) OF AN ASSET
⤷ 15% VALUE ADDED TAX (SALES TAX) TO BE CHARGED ON THE SOLD PRICE (PURCHASE PRICE) APPLICABLE
⤷ 15% VALUE ADDED TAX (SALES TAX) TO BE CHARGED ON THE APPLICABLE BUYER’S PREMIUM
⤷ R2500 OR $250 CHARGE ONLY FOR LOTS WITH NATIS (REGISTRATION) DOCUMENTATION – PLEASE CHECK IF LOT HAS NATIS (REGISTRATION) DOCUMENTATION APPLICABLE
⤷ VALUE ADDED TAX (SALES TAX) RECLAIMABLE FOR SOME EXPORTS (INTERNATIONAL BUYERS) – DEPENDABLE ON EXPORT COUNTRY
VIEWING CONTACT INFORMATION
⤷ PANABID AFRICA OFFICE – (+27) 66 274-9808
⤷ ANRIE LLOYD – (+27) 72 255-0080
ON-SITE VIEWING INSTRUCTIONS
⤷ 20 TO 23 OCTOBER 2025 – 08:00 TO 15:00
⤷ FULL PPE IS REQUIRED FOR ON-SITE VIEWINGS – ON-SITE VIEWINGS WILL NOT BE PERMITTED WITHOUT FULL PPE
⤷ VIEWINGS ARE HIGHLY ENCOURGED FOR THIS AUCTION AS MAJORITY OF THE ITEMS ARE STILL FULLY ASSEMBLED
ASSET COLLECTION
⤷ ALL ASSET REMOVAL COSTS ARE AT BUYER’S OWN EXPENSE
⤷ NO ASSISTANCE WILL BE PROVIDED WITH LOADING OF ASSETS
⤷ SUCCESSFUL BUYERS ARE REQUIRED TO HAVE ALL SAFETY FILES ON HAND FOR DISMANTLING OF PLANTS/EQUIPMENT (APPLICABLE FOR ASSEMBLED EQUIPMENT, VIEW EACH LOT’S INFORMATION TO SEE IF A SAFETY FILE IS APPLICABLE)
⤷ 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
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