Hangwani Maumela’s luxury Ferrari auctioned for R10million

A luxury Ferrari worth more than R11 million, linked to businessman Hangwani Morgan Maumela, has been sold for R10.1 million at an auction.

The 2022 Ferrari SF90 Stradale was seized during an investigation into alleged corruption at Tembisa Hospital.

The sale comes after the Pretoria High Court dismissed Maumela’s urgent application to stop the auction, paving the way for the Special Investigating Unit (SIU) to proceed with its asset recovery efforts.

The blue Ferrari, belonging to Maumela and the MHR Maumela Family Trust, has just 357 kilometres on the clock.

It was purchased in April 2022 for approximately R11.13 million and preserved by the Special Investigating Unit in September last year as part of its investigation into an alleged R2-billion corruption scheme at Tembisa Hospital.

The auction, facilitated by Bidders Choice, opened on Friday with a starting bid of R8 million.

A Special Tribunal order required the vehicle to fetch at least R9.5 million.

#TembisaHospitalCapture: Maumela’s Ferrari is up for auction from 6 November 2026.

Following a Special Tribunal order, the SIU-appointed curator can sell the SF90 Stradale for at least R9.5 million, with proceeds held in an interest-bearing trust account until civil proceedings end.

The Pretoria High Court recently dismissed Morgan Maumela and MHR Maumela Family Trust trustees’ urgent bid to stop the sale.

The Ferrari was among luxury vehicles preserved in September 2025 amid an SIU investigation into alleged corruption and maladministration at Tembisa Hospital, where about R2 billion was allegedly looted. The auction can be found here: https://t.co/SmvoXnaG6e

— Special Investigating Unit (SIU) (@RSASIU) November 5, 2026

Maumela approached the Pretoria High Court in an attempt to stop the auction.

However, the court dismissed the urgent application, finding that there was no irreparable harm that would justify halting the sale.

The court also considered the mounting costs of keeping the luxury vehicle in storage, including R5000 in monthly storage fees and more than R8000 in insurance.

The Ferrari has now been sold for R10.1 million, exceeding the minimum reserve price set by the Special Tribunal.

The proceeds will be held in an interest-bearing trust account under the control of an SIU-appointed curator, pending the outcome of civil proceedings.

#TembisaHospitalCapture| REMINDER: The Ferrari SF90 (2022) belonging to Morgan Hangwani Maumela can be viewed today, as bidding closes tomorrow. https://t.co/dMVtAiHTCP

— Special Investigating Unit (SIU) (@RSASIU) November 10, 2026