Liquidation of a Herman Pretorius Company Sees Claremont Property Sold on Auction

28 Jul

Author: Property Wheel

Publications: Property Wheel

Date Published: 27 July 2013

A luxurious Claremont apartment which formed part of the assets of a company in liquidation and of which the late Herman Pretorius, known for his involvement in various hedge fund investment schemes was a Director, was confirmed as sold by the ClareMart Auction Group for an inclusive R3.3million on Friday, July 19. The auction took place on-site auction on Wednesday, July 10.

“Our Group received joint instruction from the liquidators of RZT Zelpy 4005 (Pty) LTD to proceed to auction with this premier southern suburb apartment together with all of its luxurious and décor appointed contents and our Group is pleased to have been able to once again assist a high profile liquidation linked to Pretorius” says Chief Executive Officer, Jonathan Russell Smiedt.

The on-site auction held at 12 noon on Wednesday was attended by approximately fifty members of the public. “Although we are experiencing a high number of members of the public attending and registering at our auctions in general, we were certain that this particular property would achieve a similar interest to our successful and well-attended auction of Pretorius’ …..

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