JOHANNESBURG: The year end results for Alliance Group, the country’s leading auction house (which is a owned by the financial services group, Transaction Capital, and black empowerment group, Amabubesi Holdings) have reflected an extremely tough twelve months, says Chief Executive Officer, Rael Levitt. “2009 was a tale of two halves, with the first month showing [...]

2009 has been a historic year for the South African auction industry in many ways, says leading auctioneer Rael Levitt. “With record levels of distressed selling, the FIFA world cup around the corner, low interest rates and investors now hungry for buying opportunities, the year has seen bidders cramming themselves back into the country’s auction [...]