Hangwani Maumela’s barely driven Ferrari sells for R10.1 million after urgent court bid to stop auction fails

A Ferrari SF90 Stradale linked to controversial businessman Hangwani Morgan Maumela has been sold for R10.1 million at auction, adding another major development to the state’s efforts to recover assets allegedly connected to corruption at Tembisa Hospital.

The blue 2022 Ferrari had travelled only 357 kilometres when it was auctioned by Bidders Choice.

It was originally bought for approximately R11.13 million and was among the luxury vehicles preserved during a Special Investigating Unit investigation into alleged corruption and maladministration at Tembisa Hospital.

The sale took place after the North Gauteng High Court in Pretoria dismissed an urgent application by Maumela and trustees of the MHR Maumela Family Trust to stop the auction.

[do_widget id=super_rss_reader-3] –> –> The court setback allowed the sale to proceed while the wider civil proceedings linked to the asset-preservation case continue.

The Ferrari was sold for more than the minimum amount authorised for the auction, with bidding opening at R8 million on Friday, 6 November.

The SF90 Stradale was seized and preserved in September 2025 as part of the SIU’s investigation into alleged irregular procurement and maladministration at Tembisa Hospital.

The investigation centres on allegations that about R2 billion was looted through irregular procurement processes involving a network of companies and alleged syndicates.

One of the entities or networks under investigation was allegedly associated with Maumela.

The preservation of the Ferrari was intended to prevent it from being sold, transferred or otherwise dealt with while investigators and the courts considered whether the vehicle was connected to the suspected wrongdoing.

The state’s asset-recovery efforts have included luxury vehicles, properties, investments and funds allegedly linked to the investigation.

The preservation orders do not amount to a final criminal conviction, and the allegations against Maumela and other parties still have to be tested through the relevant legal proceedings.

Maumela and the trustees of the MHR Maumela Family Trust launched an urgent bid to stop the Ferrari from being sold.

Their application was dismissed by the North Gauteng High Court in Pretoria.

The ruling cleared the way for the SIU-appointed curator to proceed with the auction under the authority of the Special Tribunal.

The court challenge formed part of the broader legal battle over assets that the state believes may be proceeds of unlawful activity.

The outcome means that Maumela and the trust were unable to prevent the vehicle from being converted into cash while the civil recovery proceedings remain before the courts.

The sale also avoided the continuing costs associated with keeping the Ferrari in storage and maintaining it under preservation.

The Special Tribunal authorised the sale in August 2026 after the curator argued that retaining the Ferrari was becoming increasingly expensive.

The curator cited storage, insurance and maintenance costs linked to preserving the vehicle.

A high-performance luxury sports car can lose value if it is not properly stored and maintained, while insurance and security costs continue even when the vehicle is not being used.

The curator argued that selling the Ferrari and investing the money would better protect the value of the preserved asset.

The tribunal accepted that approach and authorised the sale, subject to conditions intended to protect the money until the related civil proceedings are finalised.

The R10.1 million proceeds are not being released to any of the parties while the legal dispute continues.

The Special Tribunal ordered that the money generated by the auction be deposited into an interest-bearing trust account.

The proceeds will remain protected pending the finalisation of the civil proceedings connected to the preservation and recovery applications.

This arrangement allows the state to avoid the ongoing costs of storing and maintaining the Ferrari while ensuring that the value of the asset is not simply lost.

If the state ultimately succeeds in proving that the Ferrari was linked to unlawful conduct, the money could form part of the assets recovered through the civil process.

If the court reaches a different conclusion, the final orders will determine what happens to the funds.

The sale therefore does not represent the end of the legal dispute.

It is a step in the asset-management process while the courts continue to consider whether the property and other assets are connected to alleged corruption.

Bidders Choice conducted the auction, with bidding opening at R8 million.

The final price of R10.1 million reflects the value of a Ferrari SF90 Stradale that had covered fewer than 400 kilometres.

The model is known for its high-performance hybrid powertrain and luxury specifications, making it one of the most expensive vehicles to feature in the asset-recovery process.

The car’s condition and extremely low mileage were likely to attract interest from collectors and luxury-car buyers.

The buyer’s identity has not been disclosed in the information available about the sale.

The vehicle has now been converted into cash, but the proceeds will remain subject to the court’s protective conditions.

The Ferrari seizure was connected to the broader SIU investigation into alleged corruption and maladministration at Tembisa Hospital.

The probe gained national attention after Gauteng health department financial officer Babita Deokaran raised concerns about suspicious payments and procurement transactions involving companies doing business with the hospital.

Deokaran was assassinated outside her Johannesburg home in August 2021, shortly after raising concerns about questionable transactions.

Her death led to increased public scrutiny of the alleged corruption network and the people and companies believed to have benefited from suspicious hospital contracts.

The SIU has identified procurement transactions worth hundreds of millions of rand that it believes may be linked to alleged syndicates.

The investigation has included efforts to trace and preserve assets that may have been bought or acquired using money allegedly connected to the suspected wrongdoing.

The state has pursued both the preservation of property and the eventual recovery of assets through civil proceedings.

The Ferrari is only one of the luxury assets linked to the Maumela-related proceedings.

Other assets under scrutiny include properties, luxury vehicles, investments and funds.

A final forfeiture order worth R325 million was previously granted against Maumela and covered several properties and luxury items.

The Sandton mansion, an R88 million property in Bantry Bay, Cape Town, a property at Zimbali Estate in KwaZulu-Natal and other valuable assets were among those included in the wider forfeiture proceedings.

Luxury vehicles, including Lamborghinis and a Bentley, as well as a boat and trailer, were also subject to asset-recovery efforts.

Maumela has launched legal steps challenging the final forfeiture order, meaning the broader dispute remains active.

The Ferrari auction is therefore significant because it shows that assets may be sold even while the underlying legal fight continues, provided the proceeds are protected under court orders.

The R10.1 million sale does not resolve the allegations against Maumela or determine whether he is criminally liable.

The SIU’s investigation and the related civil proceedings must still establish whether the assets were proceeds of unlawful activity or were acquired through legitimate means.

Maumela and the trust have opposed the state’s efforts and sought to prevent the sale of the Ferrari.

The court’s dismissal of the urgent application was a setback for that particular attempt, but further legal proceedings may continue.

The outcome of the civil cases will determine whether the proceeds are ultimately forfeited to the state or whether other orders are made.

For now, the Ferrari has changed hands, the auction has raised R10.1 million and the money is being held in an interest-bearing trust account.

The sale marks another important moment in a case that has placed luxury cars, multimillion-rand properties and alleged corruption at one of Gauteng’s major hospitals under intense public scrutiny.

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