AUCTIONEERS ADMINISTRATION
* Username:
* Password:
* Email:


Auctioneers Join Us
The SAIA Institute of Auctioneers, Auction Portal links buyers with SAIA Member Auctioneers, allowing buyers to find Auctions and Auctioneers. Join the directory of property and asset auctions from a range of industry verticals in South Africa.

If you are a SAIA Member you can subscribe and post your auctions listings on the auctioneering.co.za. Register your details and we will contact you shortly.
* Company Name:
* Contact Name:
* Email:
* Telephone:
* Cellphone:
* Enter image text above:
BUYERS ADMINISTRATION
* Email:
* Password:
* Email:


REGISTER to receive Auction Alerts from SAIA the directory of property and asset auctions in South Africa.
To receive personalised emails posted weekly to your inbox about Upcoming Auctions, REGISTER NOW!
* Name:
  
  * Enter image text above:
* Email:
* Password:
* Auction Areas:
Eastern Cape Free State Gauteng
KwaZulu-Natal Limpopo Mpumalanga
Northern Cape North West Western Cape
Namibia Botswana Zimbabwe
Zambia Angola Mozambique
Sierra Leone
* Auction Disciplines:
Agricultural Products Agricultural Property Agricultural Vehicles and Machinery
Audio Visual & Electronics Aviation and Marine Catering & Hospitality
Charities Commercial Property Commercial Vehicles
Computers & Networking Construction Development Property
Diamonds – rough & polished Fine Art & Antiques Furniture & Appliances
Game General Auction Room Gold
Hospitality Property Household & Living Industrial Machinery
Industrial Property Investment Property Jewellery, Collectables & Firearms
Livestock Mining, Petrochemical, Oil & Gas Plant, Machinery & Printing
Repossessed Property Residential Property Retail Property
Retail Vehicles Salvage Textiles Apparel & Footwear
SEND AN ENQUIRY TO SAIA
Do not contact us for information on individual auctions, please refer to the Auctioneer involved.
Name
Email
Enter image text above:
Comment
Send me a copy

SAIA: 2014 Trends

SAIA: 2014 Trends

Media24 Banner
SAIA MEMBER SIGN IN / JOIN
REGISTER TO RECEIVE AUCTION ALERTS / SIGN IN
CONTACT US
GoIndustry Dove Bid Top Banner
 
All Auctions All Auctions Property AuctionsProperty AuctionsVehicles & Transport AuctionsVehicles & Transport AuctionsIndustrial Machinery, Construction & Mining AuctionsIndustrial Machinery, Construction & Mining AuctionsAgriculture AuctionsAgriculture AuctionsMoveables AuctionsMoveables Auctions Map Auctions
SAIA: 2014 TRENDS
2014 auction trends to follow on from 2013

Although faced with many challenges in 2013, the South African auction industry experienced growth and contributed towards the economy. Auctions continue to be an effective method of selling and buying and in certain circumstances it has become the preferred means of property and movables transactions. The auction forum offers both buyer and seller convenient and definitive results. The South African Institute of Auctioneers (SAIA) identified the following trends in the auction industry with forecasts that it will continue into 2014.

Weakened economy can benefit auction industry

2013 was tough for South African consumers and the economy’s current-account deficit widened to 6.8% of GDP in the third quarter, the biggest shift in more than five years.

The rand took a continuous pounding against the dollar. E-tolling and rising fuel prices are continuous concerns to consumers.

In a weakened economy pressures tend to provide an abundance of unsold consumer goods and as a result sellers seek fast and efficient methods to liquidate assets. Auctions are one of the fastest methods to do so.

The auction industry tends to benefit from a weakened economic environment. Asset sale auctions are excluded from Section 55 and 56 of the Consumer Protection Act and are sold with no duty to repair or on an “as is where is” or “voetstoots” basis.

Sellers are not obliged to take assets back within the CPA’s set six month period, as long as the seller discloses any defects.

At the same time the urgency of sellers to sell goods creates the tangible opportunity for bargain hunters with capital to buy assets at competitive prices and in some cases, secure assets at well below market value. Demand is driven by consumers and ‘real-time’ value is discovered on the auction platform.

Online auctions

Awareness and trust in on-line auctions grew substantially in 2013. This trend is expected to continue in 2014 as more and more consumers gain access to the internet.

Real-time online auctions offer consumers the best of both worlds as it combines traditional auction sales methods with the innovative e-commerce technology.

The e-commerce and online auctions industry has experienced rapid growth since the beginning of the decade, outperforming substantial retail sectors.

As the internet becomes more widely available through smart phones and smart devices, consumers are more likely to purchase goods from online retailers and auctioneers.

Growth in this industry is also due to the convenience it offers to consumers who wish to purchase goods online. According to the auction industry report of www.ibisworld.com internet payment systems like PayPal have made buying online easier and more secure.

Online auctions broaden the horizon of prospective buyers attracting purchasers nationally and internationally.

Property auctions

Volatile economic conditions, migration from rural areas to cities and homeowners who are struggling to pay their bonds make property auctions a great way to buy properties.

The current property market favours the buyer. This makes it ideal for investors with capital to buy investment properties at reduced prices.

When it comes to property prices, especially with holiday homes, wine farms and investment properties international buyers may also be enticed by the weak rand and invest in South Africa. Auction houses should include these potential international buyers in their marketing and strategic campaigns.

Game auctions

The game ranching industry is currently experiencing a boom in South Africa, which is great news for the auction industry as well.

Game auctions are growing in popularity, with record prices being obtained.

Rare game sold on auction this year reached new heights and considerably exceeded expected thresholds. In September of this year a bidder paid R1,1 million for a Zambian sable bull, R575 000 for a roan antelope bull and  R345 000 for a black impala ewe.

South Africa leads the global fraternity of wildlife ranching and generates more than R7.7-billion in income each year, according to a Mail and Guardian report. The breeding of exotic species has become increasingly popular in recent years and, given the impressive return on investment, resulting in a buoyant trading environment.

Additional sources: mg.com, beeld.com, City Press

South African Auction College PVA Banner
FEATURED AUCTIONS No 11 of 13 < PREV NEXT >
VREDEFORT RESIDENTIAL PROPERTY
  
Private Treaty Auction Final Offers By: 31 AUG 2015 AT 12:00 CAT  
 
RESIDENTIAL HOUSE WITH 3 BEDROOMS ON AN EXTENT OF 714M², VREDEFORT, FREE STATE
Duly instructed by the liquidators in the Insolvent Estate P.S & T.L Van Heerden
Address   28 Charlcilliers Street,, Vredefort, Free State
Telephone Cell   Franz Bobbert 0217023206 | 083 630 5532
Email   franz.bobbert@liquidityservices.com
         
IMPORTANT INFO DOWNLOADS FAQ'S, TIPS & ADVICE HOW TO ADVERTISE ON www.auctioneering.co.za CONTACT DETAILS
CODE OF CONDUCT
INDUSTRY CODE
CONSUMER PROTECTION ACT (CPA)
LINKS
Estate Agents Affairs Board
Disclaimer
Privacy Policy
Sitemap
© 2015 SAIA Institute of Auctioneers
HOW TO RECEIVE AUCTION ALERTS
AUCTION TERMINOLOGY
TIPS FOR BUYERS
TO LIST YOUR AUCTIONS
BANNER ADVERTISING
SAIA
  Register as a Member
  To Advertise
ENQUIRE
LOG A COMPLAINT
FOLLOW US          
Web Design by © PCW New Media SA  -  Promoting an anti spam internet.