Home | Companies

Auction Alliance Board statement on recent allegations

By SA Commercial Prop News 2012-02-22 16:24:00  
Font size: Decrease font Enlarge font
Sango Ntsaluba: Board Chairman of Auction Alliance Sango Ntsaluba: Board Chairman of Auction Alliance

The Board of Directors of Auction Alliance has commissioned an investigation by an independent company into allegations that have been leveled against the firm in recent weeks.

“The Board considers the allegations against Auction Alliance and its CEO, Rael Levitt, to be of such a serious nature, that such a step is warranted,” says Auction Alliance Board chairman Sango Ntsaluba.

He adds that in order for the investigation to be properly conducted, the Board will make no further statements until it has been concluded.


NEWSLETTER — GET THE LATEST NEWS IN YOUR INBOX. SIGN UP RIGHT HERE.

Enter your e-mail address below using Lowercase.



PEOPLE WHO READ THIS ALSO READ THESE

Rael Levitt.

Rael Levitt admits career gone and says sorry

Auction Alliance CEO Rael Levitt will step down with immediate effect, the company announced on Monday.

Rael Levitt steps down

Rael Levitt

Auction Alliance boss blasts claims of fake bidders

Former CEO of Auction Alliance, Rael Levitt.

Auction Alliance has won its third victory

LATEST UPDATES

Attacq – the developer of Waterfall City In Johannesburg sold its remaining interest in Central and Eastern Europe (CEE) focused property group MAS Plc for R773 million

Attacq exits MAS Plc with R773m stake sale

Finance Minister Enoch Godongwana on Wednesday delivered the 2023 budget speech in Parliament, Cape Town

2023 SA Budget Key Highlights — by Finance Minister Enoch Godongwana

Rebosis Property Fund founded by Sisa Ngebulana has entered business rescue following the board’s decision that the group is financially distressed in terms of the Companies Act, 71 of 2008.

Worrying moments ahead as Rebosis Property Fund goes into business rescue

Johannesburg has the potential to unleash endless opportunities for efficiency, growth and employment in the city.

Joburg aims to diversify its nighttime economy and become a 24-hour city