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
    • 16 Feb 2018
      Whether you own a property in a sectional title complex or are looking to invest in one, the financial standing of the body corporate is the single most important thing that can affect your investment or your buying decision.
    • 15 Feb 2018
      One positive consequence of the financial crash in 2008 was the rise in consumerism, especially in the property market, where buyers have steadily become more knowledgeable and more value conscious.
    • 15 Feb 2018
      While most homeowners will take the agent’s commission into consideration when they are trying to determine what the will get out from the sale of their property, many often forget to factor in the other costs involved in a home sale, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    • 14 Feb 2018
      The forecast for the national rental market in 2018 remains a mixed bag of good news and bad news. Although rentals are expected to rise slowly as the challenges of home affordability and tighter lending criteria tighten their grip, it’s a double-edged sword as the market also will come under increasing pressure from factors like declining disposable income levels.
    • 14 Feb 2018
      While you may not have intended to place your home on the market, what do you do if you receive an unexpected offer on your home? In areas where demand outweighs the current supply of homes available to buyers, it is not unheard of to have buyers make offers on homes that aren’t on the market, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    • 14 Feb 2018
      If you are looking to sell your home this year, Debbie Justus-Ferns, divisional manager of Renprop Residential Sales, says that there are five crucial things to do before the ‘for sale’ sign goes up.
    • 01 Feb 2018
      February is the month of love and to celebrate we will be posting about all the things we love this month. Follow the #MyPropertyLoves hashtag to keep up with our favourite things.
    • 01 Feb 2018
      After saving up and months of searching for the right home, applying for a bond and patiently waiting for the keys to the front door, it is finally time to cross the threshold and move into your new home. Now what?
        
    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