Ferrari Linked To R2 Billion Tembisa Hospital Looting Sells For R10.1m — R3.9m Below Market Value

Shortly after 11am on Wednesday, 11 November 2026, auctioneer Jan le Roux of Bidders Choice brought his gavel down on a 2022 Ferrari SF90 Stradale — a hybrid supercar carrying the weight of one of South Africa’s most significant public-health corruption probes. The vehicle, linked to Johannesburg businessman Hangwani Morgan Maumela, fetched R10.1 million, landing nearly R4 million short of its estimated market price.

Bidding opened at R8 million and climbed steadily before closing just past the 11am mark. The low-mileage machine — reportedly driven between 311km and 357km total — originally cost roughly R11.13 million when Maumela purchased it in April 2022. Investigators say the asset forms part of approximately R2 billion allegedly looted from Tembisa Hospital, with the Special Investigations Unit preserving numerous high-value luxury items in September 2025 as that probe intensified.

The Special Tribunal authorised disposal at a floor price of no less than R9.5 million, citing mounting storage, insurance and maintenance expenses eating into the asset’s worth. “Bidding opened at R8 million and closed shortly after 11am,” le Roux confirmed. The full R10.1 million will now sit in an interest-bearing trust account pending finalisation of civil proceedings against Maumela.

The Tembisa Hospital matter has rattled Gauteng’s healthcare sector since SIU investigators first flagged irregular procurement contracts stretching back several years. Maumela’s name surfaced repeatedly throughout that inquiry, with forensic teams tracing alleged payments through multiple business entities. The Ferrari became a symbol of brazen excess — parked and padlocked in a facility outside Johannesburg while nurses at the hospital reportedly worked without basic medical supplies.

Outside the auction venue on Wednesday morning, a retired nurse from Tembisa township stood quietly watching proceedings on a livestream on her cellphone, still wearing her old uniform jacket. “That car never drove further than my street is long,” she murmured, shaking her head slowly.

The R10.1 million recovered remains frozen until a judge rules on whether Maumela must forfeit those funds permanently — and no trial date has been confirmed. The gap between what taxpayers allegedly lost and what one auctioned supercar returned raises a question nobody in that courtroom can yet answer: who accounts for the remaining billions.

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