Buyers Line Up for Maumela's 14m Ferrari Ahead of Auction Close

The auction of the Ferrari SF90 Stradale, connected to businessman Hangwani Morgan Maumela and the alleged R2bn Tembisa Hospital corruption scandal, has drawn significant interest. Auctioneer Jan le Roux stated that multiple prospective buyers have visited the vehicle and registered to participate in the auction. The Ferrari, a 2022 model with only 311km on the clock, boasts exceptionally low mileage, making it an attractive offering.

The vehicle's estimated market value is around R14m, with bidding starting at R8m, subject to confirmation. Le Roux anticipates a selling price between R10m and R10.5m, although the final decision rests with the curator. A Special Tribunal order mandates that the curator, appointed by the Special Investigating Unit (SIU), must sell the vehicle for at least R9.5m. The proceeds will be held in an interest-bearing trust account until the conclusion of Maumela's civil proceedings.

The Ferrari was purchased for over R11.1m in 2022 and was identified by the SIU as being linked to funds allegedly siphoned from Tembisa Hospital through a network of connected companies and syndicates. The vehicle was among several luxury assets preserved in September 2025 as part of the SIU's investigation into alleged corruption and maladministration at the hospital, where about R2bn is alleged to have been looted.

The auction follows a Special Tribunal order authorising the sale of the vehicle as part of efforts to preserve and recover assets linked to the alleged corruption. Maumela and the trustees of the MHR Maumela Family Trust recently approached the Pretoria high court in an urgent bid to stop the sale. However, their application was dismissed, clearing the way for the auction to proceed.

Bidding for the vehicle closes on Wednesday, November 11. Le Roux highlighted the vehicle's unique condition, stating, "It's basically a brand-new car, and that's what makes it so unique. It's also exclusive and that draws attention because it's not always available, nor is the opportunity to get your hands on a car like this." The auction has generated considerable interest, with several buyers already registered to participate.

The Special Investigating Unit (SIU) has been investigating alleged corruption and maladministration at Tembisa Hospital, where approximately R2bn is believed to have been looted. The preservation of luxury assets, including the Ferrari, is part of the SIU's efforts to recover and preserve assets linked to the alleged corruption. The sale of the vehicle will contribute to the recovery of allegedly looted funds.

With the auction set to close on November 11, interested buyers will have a final opportunity to secure the Ferrari SF90 Stradale. The vehicle's unique condition, combined with its relatively low starting bid, is expected to drive interest in the auction. The outcome of the auction will be determined by the curator, who will consider the highest bid received.

Key points

• The Ferrari SF90 Stradale has an estimated market value of around R14m and a starting bid of R8m.
• The vehicle's proceeds will be held in an interest-bearing trust account until the conclusion of Maumela's civil proceedings.
• The auction is part of the SIU's efforts to preserve and recover assets linked to the alleged R2bn Tembisa Hospital corruption scandal.