Hangwani Maumela's Ferrari sells for R10.1 million at auction

A 2022 Ferrari SF90 Stradale, once owned by businessman Hangwani Morgan Maumela, sold for R10.1 million at auction. This marks a step in the ongoing recovery efforts of assets tied to alleged corruption at Tembisa Hospital. The car, originally purchased for about R11.13 million, had only covered 357 kilometers when seized by the Special Investigating Unit (SIU) in September 2025, amid the SIU's probe into corruption and maladministration at the hospital.

The blue Ferrari, with its minimal mileage, was preserved as part of the investigation. Following a Special Tribunal order, the SIU appointed a curator to sell the luxury sports car for at least R9.5 million. The auction, facilitated by Bidders Choice, started at R8 million on November 6. The Special Tribunal authorized the sale in August 2026 after the SIU-appointed curator argued that maintaining the vehicle's preservation was becoming too costly due to storage, insurance, and maintenance expenses.

The curator contended that selling the Ferrari and investing the proceeds would better safeguard the value of the preserved assets. The SIU has been focused on preserving and recovering assets associated with the Tembisa Hospital corruption investigation, which includes luxury vehicles, properties, investments, and funds. The probe gained traction after Gauteng Health Department financial officer Babita Deokaran raised concerns about suspicious payments and procurement transactions involving companies doing business with Tembisa Hospital.

Deokaran, who raised these concerns, was assassinated in August 2021. The SIU has identified procurement transactions worth hundreds of millions of rand linked to suspected syndicates and is continuing its efforts to trace and preserve potentially connected assets.