MULTI PLANT CLOSURE – ONLINE AUCTION – LOTS IN ZA

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

VIEWING INSTRUCTIONS
LOT 3 TO LOT 102 LOCATED IN KRUGERSDORP:
VIEWINGS PERMITTED ON THE 14TH AND 15TH OF JULY FROM 08:00 TO 15:00 (SAST) ONLY
FULL PPE REQUIRED FOR VIEWINGS
LOT 104 TO LOT 106 LOCATED IN NEWCASTLE:
VIEWINGS PERMITTED BY PRIOR APPOINTMENT ONLY
PPE NOT REQUIRED FOR VIEWINGS
LOT 108 LOCATED IN EMALAHLENI:
VIEWINGS PERMITTED MONDAY TO FRIDAY FROM 08:00 TO 16:00 (SAST)
NO PRIOR APPOINTMENT REQUIRED FOR VIEWINGS
PPE NOT REQUIRED FOR VIEWINGS
LOT 110 TO LOT 112 LOCATED IN BENONI:
VIEWINGS PERMITTED BY PRIOR APPOINTMENT ONLY
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