BIDDERS PACK SALON EQUIPMENT AUCTION

MANZINI – Nearly 40 bidders crammed the Jubilee Park to buy salon equipment.

A wide range of salon equipment went under the hammer during an auction conducted at Jubilee Park, Manzini starting from 10:30am last Wednesday. 

The sale by public auction was conducted by Deputy Sheriff Mciniseli Zwane pursuant to an order of the High Court in the matter between Don Geez Barber (Pty) Ltd and the Swaziland National Provident Fund (SNPF).
“The items on offer were suitable even to start a business since you would not need to buy anything else before you can start to operate,” said Zwane prior to the sale.

For buyers, the auction offered the opportunity to purchase assets at fair value. Auctioneering is the apex between supply and demand, so buyers often find bargains at better prices than retail purchases or private sales.

In the kingdom of Eswatini, the auction industry has proved to be robust in both economic booms and downturns. This is because corporate asset disposals are initiated for a variety of reasons, including when assets become redundant or there are surplus assets held

. In such cases, the role of experienced auctioneers and valuers is pivotal to realising greater value for corporate assets through a simple, transparent and auditable process.
For most of the goods that went under the hammer, the public was invited to make offers.

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