Hangwani Maumela’s R14m Ferrari Sells For R10.1m — Tembisa Hospital Loot Probe Forces Auction

Shortly after 11am on Wednesday, 11 November 2026, auctioneer Jan le Roux of Bidders Choice closed the hammer on one of South Africa’s most controversial luxury disposals — a 2022 Ferrari SF90 Stradale that fetched R10.1 million, nearly R4 million below its estimated worth. The supercar, linked to businessman Hangwani Morgan Maumela, drew intense scrutiny long before a single bid opened. Crowds monitoring the online platform watched the figure climb from an opening R8 million until the final gavel fell. It was a moment months in the making.

The hybrid machine reportedly travelled between 311km and 357km from new — barely broken in — when the Special Investigating Unit preserved it among several luxury possessions in September 2025. Investigators flagged Maumela as allegedly connected to procurement networks they believe funnelled roughly R2 billion through irregular contracts at Tembisa Hospital. The vehicle had originally cost approximately R11.13 million in April 2022. Selling it for R10.1 million means a loss of over R1 million from the acquisition price alone — before storage, coverage, and upkeep costs are factored in.

The Special Tribunal granted the SIU-appointed curator authority to dispose of the car at a floor of R9.5 million, citing mounting expenditure on safeguarding and maintaining the asset. Jan le Roux confirmed the transaction closed cleanly within that approved threshold. The SIU declined to elaborate further on the broader asset-recovery drive, directing queries to its official spokesperson. No formal arrest warrant targeting Maumela has been publicly issued at this stage.

The Tembisa Hospital matter sits at the centre of one of Gauteng’s most serious maladministration scandals in recent memory. Procurement irregularities allegedly stretched across interlocking syndicates over multiple financial years, bleeding a critical public health facility of desperately needed resources. Investigators have linked dozens of entities to the scheme. This Ferrari disposal represents the first major realisation of seized goods connected to the case.

One detail stopped followers cold. The SF90 Stradale — a vehicle capable of 0–100km/h in 2.5 seconds — showed an odometer reading so low that the tyres still carried faint factory wax. Somebody purchased a R11 million machine and barely moved it. That image alone, shared widely by Wednesday afternoon, captured the sheer excess investigators say defined this entire alleged looting network.

The proceeds will now enter a process overseen by the tribunal, though precisely how that money reaches Tembisa Hospital’s gutted coffers — if at all — remains publicly unanswered. Families who queued outside that facility for care during the worst years of this alleged plunder deserve more than an auction receipt. Will they ever see a single rand returned.