With over 100 people in attendance at the Fancourt Hotel and Golf Resort in George, as well as 211 people watching the sale on the internet, where it was webcast live in real time.

A 21ha property in Roodepoort, Johannesburg has been sold for R85m following the high profile liquidation of the controversial property moguls, the Theodosiou Brothers, says Auction Alliance.

An entire Garden Route hotel portfolio went under the hammer in Mossel Bay on September 16 for a total of R43.37 million.

Bonitas, the country's second-largest open medical scheme, which was placed under curatorship following a settlement reached between the scheme and the Council for Medical Schemes, is now disposing of its properties and freeing up cash

The historic ‘Nelson Mandela Building’ in the Johannesburg CBD, where Madiba served his legal articles, is set to go under the auctioneers hammer on 23 June

Auction Alliance’s latest auction, held in Johannesburg on May 19, yielded the most successful results in 5 years with a 70% confirmed success rate, according to CEO Rael Levitt

The commercial property market has leapt into action early this year and is gearing up for a period of active trading

In what could be SA’s biggest auction, two Johannesburg shopping centres are expect ed to fetch R700m when they go under the hammer in March.

Auction Alliance will take a warehouse with office space in the Northland Business Park to auction in December

The economic downturn has seen the leisure property sector battle as several struggling golf and leisure estates have seen the auction block in recent months