The Bosasa auction is off to a good start. Bidding for the controversial company’s assets kicked off on Wednesday morning. Up for grabs, is the company’s Smart City Campus, worth around R20-million, a fleet of vehicles and office furniture.
Liquidators put the assets on auction to pay off the controversial company’s debt.
Gavin Watson’s BMW X5 sold for R595 000 – and the winning bidder made a quick getaway. The late Bosasa CEO’s Porsche Cayenne also sold for over R500,000.
“I don’t think people will know it was his car, but it doesn’t matter in any case. Not a problem,” said winning bidder Graeme McGregor.
Despite the high prices, some believe it was money well spent but other more experienced auction buyers refused to take the bait.
The sale is going ahead despite the Watson family’s attempts to declare it illegal.
In other news – Blesser Roland Muchengwa’s source of income Revealed
Uncle Roland source of income revealed. Roland Muchegwa popularly known as Uncle Roland is a South African based celebrity and businessman. He is well known for flooding social media with his pictures together with beautiful yellow-bone women. His ability to spend money on women has earned him the terms Blesser, Minister of Blessers.
The 51-year-old acquired his fortune through buying and selling fuel. His niche extended through the whole of SADC. Uncle Roland is also a miner and owns the biggest night club in Cape Town South Africa. continue reading