Hangwani Maumela’s Luxury Ferrari Sold at Auction for a Whopping R10.1 Million

Hangwani Maumela’s Luxury Ferrari Sold at Auction for a Whopping R10.1 Million

Hangwani Maumela, the businessman linked to the Tembisa Hospital corruption scandal, has suffered another major setback after his luxury Ferrari was reportedly sold at auction for an impressive R10.1 million.

The high-end sports car, valued at millions of rand, went under the hammer on Wednesday, 11 November 2026, marking a significant development in the ongoing legal and financial matters surrounding Maumela.

Reports indicate that Maumela had previously attempted to prevent the auction from taking place, seeking to stop the sale of the expensive vehicle. However, those efforts did not succeed, and the Ferrari was eventually sold for R10.1 million.

The auction has attracted attention because of Maumela’s alleged involvement in the controversy surrounding the looting of funds intended for Tembisa Hospital. The scandal has raised serious questions about public money, alleged corruption and the lifestyle of individuals linked to the investigation.

The sale of the Ferrari is another development likely to keep the spotlight on the businessman and the wider Tembisa Hospital scandal.

The R10.1 million auction price has also sparked interest, given the vehicle’s luxurious status and the legal battle that reportedly preceded its sale.

https://www.facebook.com/100063818304054/posts/1675105017960092/?app=fbl

Titilayo006 feedback-opera-news-app@opera.com

📰 Original Source Attribution

Reported by News Hub Creator.

Read Original Report at news hub creator ↗
Share: WhatsApp WhatsApp
💬

Comments (0)

Join the Conversation

No comments yet. Be the first to share your opinion!

You may like