South Africa’s auctioneering market is poised for a shift as auctions grow in popularity over traditional retail sales platforms against a backdrop of credit ratings downgrades and news that the country has slipped into a recession
South African Law stipulates that any purchaser coming to an auction and buying goods is required to produce certain documents as laid down by the FICA regulations and the National Credit Act. As such the team at Aucor require that you have all your documentation on hand before we can process your deposit at any auction and issue you with a bidder’s card. We also may not release any goods to any buyer that has not been able to comply with the FICA requirements.
