Hangwani Maumela’s R14m Ferrari Sells For R10.1m At Auction
A 2022 Ferrari SF90 Stradale linked to businessman Hangwani Morgan Maumela has been sold for R10.1 million at auction, below its estimated market value of approximately R14 million.
Auctioneer Jan le Roux of Bidders Choice confirmed that the auction closed shortly after 11am on Wednesday, 11 November 2026. Bidding opened at R8 million.
The hybrid supercar has exceptionally low mileage, reportedly ranging between 311km and 357km, making it an attractive item for bidders.
The vehicle was purchased for approximately R11.13 million in April 2022. It was among several luxury assets preserved by the Special Investigating Unit (SIU) in September 2025 as part of its investigation into alleged corruption and maladministration at Tembisa Hospital.
The investigation centres on the alleged looting of approximately R2 billion through irregular procurement processes and networks of companies and syndicates. Maumela has been linked to one of the alleged networks.
The Special Tribunal authorised the SIU-appointed curator to sell the Ferrari for no less than R9.5 million, citing the high costs of storage, insurance and maintenance.
The Pretoria High Court recently dismissed an urgent application by Maumela and the trustees of the MHR Maumela Family Trust seeking to stop the sale.
The R10.1 million proceeds will be held in an interest-bearing trust account under the curator’s control until the related civil proceedings are finalised.
The auction forms part of the SIU’s broader efforts to preserve the value of assets linked to the Tembisa Hospital investigation while legal proceedings continue.
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