{
  "id": 18327653,
  "title": "Hangwani Maumela’s Ferrari up for auction after bid to stop sale dismissed",
  "url": "https://urgent.news/2026/11/05/hangwani-maumelas-ferrari-up-for-auction-after-bid-to-stop-sale",
  "topic": "world",
  "section": "World",
  "published": "2026-11-05T15:12:16.000Z",
  "source": {
    "name": "The Citizen",
    "slug": "the-citizen",
    "url": "https://www.citizen.co.za/news/south-africa/hangwani-maumelas-ferrari-up-for-auction-after-bid-to-stop-sale-dismissed/"
  },
  "original_language": "en",
  "account": "Controversial businessman Hangwani Maumela's Ferrari will be auctioned starting Friday following the Pretoria High Court's rejection of his attempt to halt the sale. The Special Investigating Unit (SIU) appointed curator, Jacobus Gideon Louw van Wyk, is authorized to sell the Ferrari SF90 Stradale for a minimum of R9.5 million following a Special Tribunal order. The auction will commence on 6 November at 8 am and conclude on Wednesday, 11 November, with an initial price set at R8 million. The funds generated from the sale will be deposited into an interest-bearing trust account until the civil proceedings related to the Thembisa Hospital investigation conclude. The SIU seized the Ferrari in September 2025 as part of its investigation into alleged corruption and maladministration at Thembisa Hospital, where authorities are suspected of embezzling around R2 billion. The Special Tribunal has implicated Maumela in a probe involving three syndicates linked to the looting, with his alleged syndicate, known as the Syndicate or the Maumela Syndicate, potentially benefiting from over R800 million. The auction follows the Pretoria High Court's denial of a request by Maumela and the MHR Maumela Family Trust trustees to prevent the Ferrari's sale. In August 2026, Van Wyk petitioned the Tribunal for permission to sell the luxury vehicle, citing ongoing storage, insurance, and maintenance expenses. The curator argued that selling the Ferrari would maintain its value and generate funds for other preserved assets. Both Maumela and the MHR Maumela Family Trust contested the application, contending that the vehicle's value would likely increase and that authorities should not sell it. The Special Tribunal approved the sale, and Maumela subsequently sought to halt the transaction temporarily before appealing. The Pretoria High Court dismissed the appeal, ruling that the Tribunal's order was temporary and not automatically suspended by an appeal. Additionally, the court determined that Maumela did not demonstrate a clear right, reasonable prospects of success, or irreparable harm. The auction can be accessed at https://www.biddersonline.co.za/auction/45ffe90f-a7ee-48fa-906d-4d85222d3d08/details.",
  "summary": "Hangwani Maumela's Ferrari goes up for auction on Friday after court dismisses bid to stop sale.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "IOL",
        "title": "Maumela’s R9.5 million Ferrari to be auctioned as court rejects bid to block sale",
        "url": "https://urgent.news/2026/11/05/maumelas-r9-5-million-ferrari-to-be-auctioned-as-court-rejects-bid-to",
        "published": "2026-11-05T13:27:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}