This auction is governed by the Consumer Protection Act – Act 68 of 2008 (South Africa), and further reference to the Act and the regulations can be downloaded here.
Consumer Protection Act 68 of 2008
Consumer Protection Act 68 of 2008 – Regulations

• The assets will be sold “Voetstoots” or “as is where is”. It is the buyer’s responsibility to perform an inspection of the assets prior to the auction.
• The auction is subject to a reserve price and will not be sold for less than such.
• The Sale of the assets is non-suspensive and not subject to any feasibility or any other condition required by the buyer.
• The auctioneer may bid for any lot or lots offered for sale at the Auction on behalf of third parties.
• The Auctioneer may bid for any lot or lots offered for sale at the Auction on behalf of seller but, if on behalf of the seller, not at or in excess of the reserve price.