A Ferrari SF90 hybrid supercar worth more than R10m belonging to controversial businessman Hangwani Morgan Maumela is to be sold.
Jacobus Gideon Louw van Wyk, the curator appointed by the Special Investigating Unit (SIU) to preserve assets related to the alleged looting of Tembisa Hospital, successfully applied to have the vehicle sold.
The Ferrari was bought for R11.1m in April 2022 but has lost more than R1m in value.
The Special Tribunal in Johannesburg on Thursday authorised the curator to sell the vehicle for no less than R9.5m. The proceeds must be kept in a trust account and may be used only with the approval of the SIU.
Judge Bernard Ngoepe said the sale was justified because the…
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