The first assets of financial services company Fidentia Holdings will be auctioned off in Cape Town next month, News24 reported on Thursday.
It said the auction on May 19 would be held at 1 Waterford Place, Century City.
Fidentia curators had appointed Auction Alliance as the auctioneer.
Auction Alliance’s Bradley Stephens said the items going up for auction included office equipment, vehicles and gym equipment.
Among the vehicles are 12 bakkies (including Toyota Hiluxes and Opel Corsas), a Volkswagen Microbus and two Nissan 350Z sports cars.
Fidentia, which managed assets valued at about R1,6-billion, was placed under the curatorship of Dines Gihwala and George Papadakis earlier this year.
The Living Hands Umbrella Trust — which offers cover to family members of mineworkers injured at work — and the transport sector Seta were some of Fidentia’s biggest clients.
Assets valued at R700-million are allegedly missing.
Fidentia chief executive J Arthur Brown and financial director Graham Maddock are facing charges of fraud, theft, contraventions of the Companies Act, the Financial Advisory and Intermediary Services Act, the Reserve Bank Act and exchange-control regulations, as well as contravening income tax laws.
They are currently out on bail of R1-million each. — Sapa