Sunday Tribune 2024-05-12

Auction fever has hit the townships, with the community of Vosloorus in Gauteng enjoying their first recognised auction recently. Bidders went head to head for of goods ranging from used appliances to equipment and collectables. Judging by the interest garnered in the close-knit community, this auction will not be the last. The event was held by Lokshin Auctions, with the support of the South African Institute of Auctioneers (Saia) and some of the country’s best-known member auctioneers including Park Village Auctions, Auction Operation, Dynamic Auctions and Aucor. Tsitso Setai, the founder of Lokshin Auctions and the Saia head of the transformation committee, has made it his mission to bring accredited auctions to the townships where most residents have not been exposed to or benefited from the many advantages of buying…

IAN Wyles Auctioneers will be auctioning three insolvent properties on May 28 at 11am. The first is 497 Plantations Estate, 104 Shongweni Road, Hillcrest. Plantations Estate is a secure, upmarket estate, close to all amenities and with easy access to the M13 and N3. The downstairs of the double-storey residence comprises: Entrance hall Open-plan lounge, dining room and kitchen with scullery Formal lounge with laminated floors Three bedrooms Family bathroom Guest toilet Double garage (converted into a surgery) Swimming pool The upstairs comprises: Large main bedroom with dressing room and full bathroom Patio off the bedroom The second is a 1.7189 hectare plot of undeveloped land in the Kitherley Estate – Farm 853 “Assagay Kraal”, Portion 671 at 82 Alverstone Road. The area has been identified as a mixed-investment node…

In2assets, a leading national auction house specialising in property sales, will be auctioning another portfolio of Telkom properties on June 20. The event follows the success of previous Telkom property sales, including the sale of 65 properties, which totalled R584 million. The properties going under the hammer are spread across South Africa and include transmission stations, service hubs and unique properties like one situated on a peninsula on the West Coast overlooking the Atlantic Ocean. Highlights include Telkom House in Gqeberha, which offers potential for redevelopment, and a substantial industrial site in Mpumalanga. Each property presents lucrative opportunities for investors and end-users seeking strategic locations and redevelopment potential. The auction will take place at the Mount Edgecombe Country Club and will be livestreamed on In2assets’ live bidding platform, ensuring accessibility…

Amazon.co.za’s arrival in South Africa was a big deal, with its biggest rival, Takealot, acting immediately with special offers and marketing on X, the social media platform previously known as Twitter. According to commentary in the Online Retail in South Africa 2024 report released earlier this week, the launch of the new online shopping portal was “probably the most momentous event in the local e-commerce industry since the launch of Checkers Sixty60 in 2020”. Yet, Amazon.co.za must prove itself in a market dominated by Takealot, South Africa’s largest online retailer, as well as other established names such as Loot.co.za and Makro and international entrants such as Temu and Shein. World Wide Worx MD Arthur Goldstuck says Amazon.co.za will have to distinguish itself through the effective fulfilment of orders, speed of…

Being a mother and wife means that I hardly ever think of myself first. I feel too guilty. I want my family to be well, and my daughter to have ample opportunities. Even when I consider some of my dreams, I take into account that I would love my family to share those dreams with me, for instance, travelling. Nothing inspires me more than seeing novel places and gathering new experiences. That said, I know this is as good a day as any other for stock take about me. Are my retirement savings, and my husband’s, on track? And what am I putting away for my dreams? On February 26, this year, IOL reported the following from the 10X Investments Retirement Reality Report 2023, based on the findings of the…

FROM the onset, my interest in the commercial property sector was sparked by its dynamic nature, which offers opportunities for growth and innovation. Over time, my perspective changed, taking into account the sector’s complexities and multifaceted nature, which go beyond the daily and monthly transactions, to understanding its broader impact on society and the economy. I started at Liberty Two Degrees as an intern last year, where I worked closely with and assisted asset managers. Since then, I have gradually assumed more responsibilities, gaining deeper insights into operations, and contributing to strategic decision-making. This journey has provided me with hands-on experience in managing properties operationally and strategically, understanding market dynamics, and interacting with tenants and other stakeholders. It has also taught me that working in the commercial property sector…