select
|

A letter from Auction Alliance

Auction Alliance sent out the following letter:

The last three weeks have seen unprecedented media coverage about Auction Alliance with a number of very serious allegations. We do not believe we have handled this as well as we might have and in some cases, we have failed to communicate properly with our clients, employees and the public. We’d like to apologise to you for not communicating directly with you.

Suffice to say that we are enormously embarrassed by the allegations that have been made and our reputation has been seriously compromised. The embarrassment has extended to our employees, our clients, partners, suppliers and others, for which we also apologise. We have built a substantial business over the last 20 years with 180 employees throughout South Africa, and many more dependents. We have achieved much success and an enviable reputation for our efficiency and for providing the best possible outcomes for our clients.

The last three weeks have clearly been traumatic for all our employees, Directors and all our business partners and a deeply humbling period for us. It has resulted in our initiating, mindful and respectful of the microscope of public scrutiny, a very comprehensive, robust and uncompromising look at our practices, our people and our history. This independent investigation, being conducted by highly regarded Accountants @ Law under Allan Greyling, has already started. While we hope that it will be concluded in the next month, we will not compromise on the quality of the investigation and as such, this period may be extended until such time as we are completely satisfied that it has been as robust as we have set out. As part of the process, we have invited all our staff to tell us of any practice that they may have experienced internally which they are unhappy about. We undertake to communicate what action will be taken. We have already made changes to our internal governance procedures and these will characterise our business going forward, particularly the level of transparency with which we conduct certain practices.

That said, we are working very hard to sustain our business. Our business cannot survive without the support of our clients. We have a trusted relationship with our clients, with some going back over a decade. We value these relationships enormously and understand just how important they are to us. We would consider it a privilege to continue to work closely with you as a client.

Yours sincerely
Peter Moyo and Bruce Sneddon


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 22 Nov 2017
      While sales have noticeably slowed in most sectors in most Cape town suburbs, the security estate sector in Constantiaberg has bucked the trend by remaining buoyant, with sales by August this year already surpassing total sales in 2016.
    • 22 Nov 2017
      The end of the year is fast approaching, and so are all the travellers, tourists and holidaymakers. For those who live near or own a property in a holiday-hotspot, the festive season also brings with it an abundance of short-term rental opportunities. Its a great way for property owners to make a few extra rand for their own holidays or to put towards their savings.
    • 21 Nov 2017
      The buying process is over, and the moving truck has delivered your household goods to your new property. Now it’s time to unpack and turn your new house into a home.
    • 21 Nov 2017
      When an offer to purchase a property is signed by both buyer and seller, this constitutes a binding agreement or “Deed of Sale” between the two parties. However, in most cases the “standard contract” might not be enough to cover all the specifics pertaining to the sale. The agreement may require some additions or alterations to clauses, which needs an expert hand in the drafting of such
    • 21 Nov 2017
      As more and more South Africans look to invest in property abroad, Spain is offering them one of the best deals in global real estate.
    • 20 Nov 2017
      Since 2012, sectional title complexes have been leading the South African property market, not only in terms of price growth, but sales volumes as well. Remaining relatively strong, even in the face of 2017’s political and economic turmoil, experts say this market segment could offer valuable insight into South Africans’ property purchase priorities.
    • 20 Nov 2017
      Regardless of whether you are purchasing your first start-up home, downsizing or moving in with roommates, finding ways to maximise small spaces can be a big advantage, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    • 20 Nov 2017
      Property valued at approximately R1 billion is on High Street Auctions’ sales floor during the month of November, including the much-anticipated sale of the Tshwane Mayoral Residence and the land occupied by one of South Africa’s oldest operating gold mines.
        
    X
    Subscribe to the MyProperty Newsletter

    Name  
    Last Name  
    Email Address  
    Email Frequency
    select
    X
    Share this Page

       
    For Sale Property
    Rental Property
    More Options
    About
    Connect with us
    FEEDBACK