INDUSTRIAL ASSET DISPOSAL – ONLINE AUCTION – LOTS LOCATED IN SOUTH AFRICA

GENERAL INFORMATION
⤷ REGISTRATIONS ARE OPEN EVEN IF AUCTION IS ONGOING
⤷ ALL LOTS ARE LOCATED IN 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) – DEPENABLE ON EXPORT COUNTRY

VIEWING CONTACT INFORMATION
PANABID AFRICA OFFICE – (+27) 66 274-9808
ANRIE LLOYD – (+27) 72 255-0080

VIEWING INSTRUCTIONS
⤷ LOTS LOCATED IN EMALAHLENI:
MONDAY TO FRIDAY FROM 08:00 TO 16:00
NO PRIOR APPOINTMENT REQUIRED FOR VIEWINGS
PPE NOT REQUIRED FOR VIEWINGS
⤷ LOTS LOCATED IN SPRINGS:
PRIOR APPOINTMENT REQUIRED FOR VIEWINGS
PPE NOT REQUIRED FOR VIEWINGS

ASSET COLLECTION
⤷ 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

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