The luxury car collection of Hamilton Ndlovu, a prominent South Africa-based businessman embroiled in a high-profile corruption case, is set to go under the hammer next week.
A document seen by the news crew reveals that the auction, scheduled for Wednesday, 28 August 2024 at 10am, will be held by Park Village Auctioneers at 221 Main Road Martindale, in Joburg.
The auction is a direct consequence of a ruling by the High Court in Gauteng, which ordered the seizure of Ndlovu’s cars in 2021.
The collection includes a Porsche Panamera GTS Sport, a Porsche Cayenne S Coupe, a Porsche 911 Carrera and a Lamborghini Urus – a testament to the lavish lifestyle Ndlovu enjoyed before his alleged involvement in a multi-million rand corruption scandal.
Ndlovu first made headlines in 2020 when he flaunted his collection of expensive cars on social media, drawing the attention of law enforcement agencies.
The video, which went viral, showed off five cars, allegedly purchased by Ndlovu in a single day.
Remember when he was showing them off on Social media pic.twitter.com/JDzEPKb94p
— The Instigator (@Am_Blujay) June 29, 2023
The Special Investigating Unit (SIU) launched an investigation into Ndlovu’s business dealings, focusing on his involvement with the National Health Laboratory Service (NHLS).
The SIU found that in 2020, the NHLS awarded R172 million worth of PPE tenders through eight firms directly or indirectly connected to Ndlovu. Ndlovu reportedly received 90% of these tenders.
The SIU investigation concluded that Ndlovu had abused the emergency procurement procedures adopted by the NHLS to respond to the Covid-19 pandemic during the first half of 2020. The investigation revealed that the contracts were obtained through corrupt practices.
Following the conclusion of the probe, Ndlovu was ordered to pay back R158 million (about US$8.85 million), with interest, on the money he received through the tenders. The Special Tribunal later ordered that frozen properties and funds held by Ndlovu, Zaisan Kaihatsu, and Bugatti Security Services and Projects, valued at R42 million (about US$2.35 million), be forfeited to the state.
The upcoming auction of Ndlovu’s luxury cars represents a significant step in the ongoing efforts to recover the funds lost through corruption. The auction is expected to draw significant interest from potential buyers, with the proceeds going towards recouping the money stolen from the state.
When contacted by Daily Sun, SARS spokesman Siphithi Sibeko declined to comment on the auction, citing confidentiality provisions of the Tax Administration Act.
