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

Auctioneer Jan le Roux of Bidders Choice put the hammer down on a contentious South African luxury vehicle just after 11 a.m. on Wednesday, 11 November 2026. The vehicle, a 2022 Ferrari SF90 Stradale, sold for R10.1 million, or about R4 million less than its assessed valuation. Even before the first offer was submitted, the supercar, which was associated with tycoon Hangwani Morgan Maumela, was subject to extensive investigation. From an initial R8 million till the last gavel dropped, those watching the internet platform saw the sum increase. This moment had been planned for months.

According to reports, the hybrid machine was hardly broken in and had covered 311–357 km when it was saved among numerous luxury goods by the Special Investigating Unit in September 2025. Maumela was named by investigators as being associated with procurement networks that reportedly used improper contracts at Tembisa Hospital to launder almost R2 billion. In April of 2022, the vehicle’s initial price was about R11.13 million. Even before you include in the expenses of storage, covering, and maintenance, selling it for R10.1 million would entail a loss of more than R1 million from the buying price alone.

The Special Tribunal agreed with the SIU-appointed curator that the asset needed to be sold at a price of R9.5 million due to the increasing costs of keeping it secure. The deal was concluded within the permitted threshold, according to Jan le Roux. Instead of providing any details on the larger asset-recovery effort, the SIU referred questions to its official spokeswoman. At this time, there is no public record of an official arrest warrant that targets Maumela.

Among the most significant maladministration scandals in Gauteng’s recent history, the Tembisa Hospital problem lies at its core. An important public health institution reportedly lost funds due to procurement violations that extended across interconnected syndicates spanning many fiscal years. Police have connected scores of people and organisations to the plot. The first significant realisation of confiscated property related to the investigation is this Ferrari disposal.

Followers were unconvinced by one detail. The odometer reading was so low on the SF90 Stradale—a vehicle capable of 0-100km/h in 2.5 seconds—that the tires still had a thin original wax coating. Someone bought a computer for R11 million and seldom used it. The detectives claim that this whole suspected looting network was characterised by the extreme excess caught in that snapshot alone, which had been extensively disseminated by Wednesday afternoon.

Now the money will go through a procedure that the tribunal will be watching, but no one knows for sure how it will end up in the severely underfunded coffers of Tembisa Hospital. An auction receipt isn’t enough for the families that waited in line outside that institution for treatment during the height of this purported looting. Will they ever get their money back?

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