The Department of Trade and Industry’s announcement that Consumer Protection Act legislation will not take effect in October 2010, as originally planned, is good news for the auction industry, which is not ready to implement major changes prescribed by the act.  “This extension will luckily allow the auction industry to prepare for the first direct [...]

We held our tenth monthly Commercial Auction in Sandton yesterday and at the time of writing R224million has been raised, reflecting a success rate of 64%.
The interest rate cut of 50 basis points in early September, which brought the prime rate down from 10% to 9,5%, boosted bidding activity with a packed room of over [...]