Maumela-linked Ferrari auctioned for R10.1m

The Ferrari SF90 Stradale associated with businessman Hangwani Morgan Maumela has been auctioned off for R10.1 million.

Auctioneer Jan le Roux confirmed that the vehicle went under the hammer after the auction concluded shortly after 11am on Wednesday.

The 2022 Ferrari SF90 Stradale has travelled just 311km, with the opening bid set at R8 million. The vehicle carries an estimated market value of approximately R14 million. Le Roux said its exceptionally low mileage contributed to its appeal, despite being a 2022 model.

The sale was authorised following an order by the Special Tribunal, which empowered an administrator appointed by the Special Investigating Unit (SIU) to dispose of the luxury vehicle. The money generated from the auction will be kept in an interest-bearing trust account pending the outcome of the civil proceedings.

Maumela and the trustees of the MHR Maumela Family Trust recently approached the Pretoria High Court in an attempt to block the auction. However, their urgent application was dismissed.

The Ferrari was among a fleet of high-end vehicles placed under preservation in September 2025 as part of the SIU's probe into alleged corruption and maladministration at Tembisa Hospital, where approximately R2 billion is suspected to have been looted.

Last year, the SIU obtained an order to preserve assets worth R900 million allegedly linked to the so-called Maumela syndicate.