Gupta House Auctioned For R2.6 Million in Saxonworld

Gupta-owned house / Photo file: Screengrab

A Gupta-owned house is highly sought-after Saxonwold in Johannesburg was sold for R2.6m on Monday.

ANC secretary-general Ace Magashule’s child, Tshepiso, was “forcefully removed” from the home, according to the Mail & Guardian.

The 18 Avonwold Road home – which was purchased for simply over R3m – was one of a few Gupta-claimed properties to go under the hammer.

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“We were instructed to dispose of a property which is one of the four properties in Saxonwold in the matter of Confident Concept Pty Limited, one of the several Gupta companies placed under business rescue. The property was sold for R2.6m.

“We still have more to dispose of. Another property is a house in Constantia [Cape Town], and one in Umhlanga beach [Durban]. Optimum Mine will be in the coming two weeks,” said auctioneer Clive Lazarus.

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The 1,119m² brick-walled property comprises an entrance foyer, passage, lounge, dining room, a kitchen that gives access to a courtyard area at the back, three bedrooms and two bathrooms [one en-suite]. It also has a front garden and a pool.

The area has homes ranging from R3m up to R20m.

Business rescue practitioners have been selling off a number of properties by the Gupta siblings, who stand accused of capturing government during former president Jacob Zuma’s residency.

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In 2018, the family’s Saxonwold compound was raided as an investigation of a Hawks examination, yet the family had just left the nation.

In October Mail and Guardian reported that Tshepiso Magashule must be forcefully expelled from the Saxonwold property after refusing to budge for months.

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