Home General News R10m Ferrari linked to Maumela to be sold as SIU recovers Tembisa...

R10m Ferrari linked to Maumela to be sold as SIU recovers Tembisa Hospital assets

0

JOHANNESBURG – The high-octane lifestyle of one of South Africa’s most controversial businessmen is officially hitting the brakes. In a move that highlights the crumbling empire of the man described as the "don" of Tembisa Hospital, a R10 million Ferrari SF90 hybrid supercar is being prepared for a forced sale. The Special Tribunal in Johannesburg has authorised the curator to offload the luxury vehicle, which has become a symbol of the staggering R2 billion tender scam that has left the Gauteng health system in a state of crisis.

Hangwani Morgan Maumela, the alleged mastermind and chief beneficiary of the massive looting spree, is watching as his fleet of supercars is dismantled piece by piece. The Ferrari, bought for R11.1 million in April 2022, has already lost more than R1 million in value while sitting in storage. The court has now ruled that it must be sold for no less than R9.5 million to prevent further depreciation, with the proceeds to be kept in a trust while the legal battle for accountability continues.

The Staggering Cost Of Stolen Luxury

The judgment from the Special Tribunal has exposed the outrageous financial burden of maintaining a fleet of vehicles allegedly bought with the proceeds of crime. Judge Bernard Ngoepe noted that there was no question of the Ferrari appreciating enough to cover its own costs. The numbers are a stark reminder of the excess involved: insurance alone costs about R100,000 a year, while storage fees run at R5,000 a month. To make matters worse, the vehicle would require the reinstatement of its warranty at a cost of approximately R408,000.

The curator, Jacobus Gideon Louw van Wyk, had initially sought to use the proceeds of the sale to pay his own fees, but this application was later abandoned. While the legal technicalities play out in court, the reality of the situation is clear: the luxury assets that were meant to display wealth and power are now becoming a financial noose around the neck of the Maumela empire. There is already a R10.9 million offer from a motor dealership in Gauteng to buy the car, suggesting that the fire sale will be swift.

The Ghost Of Babita Deokaran

Behind the glitz and glamour of the Ferraris and Lamborghinis lies a much darker and more tragic story. The investigation into the Tembisa Hospital looting was ignited by the courageous work of Babita Deokaran, a senior health official and whistleblower who was assassinated outside her home in August 2021. Deokaran had flagged hundreds of millions of rands in suspicious payments, many of which were linked directly to companies controlled by Maumela.

Investigations have since revealed that Maumela scored at least R415 million through a web of contracts awarded by Tembisa Hospital. The "tender kingpin" allegedly held such sway within the health department that he was able to influence the awarding of contracts for everything from medical supplies to cleaning services, often at highly inflated prices. The assassination of Deokaran was a brutal attempt to silence the truth, but it instead served as a catalyst for the Special Investigating Unit (SIU) to dig deeper into the rot that had consumed the hospital.

A Fleet Built On Stolen Dreams

The Ferrari SF90 is just the tip of the iceberg. The SIU has attached a staggering fleet of high-value vehicles that read like a luxury car catalogue. Among the assets seized are a Lamborghini Huracan STO valued at R8.1 million, a Lamborghini Aventador SVJ worth R8.8 million, a Lamborghini Urus at R5 million, and a Lamborghini Aventador Ultima Coupé priced at R9 million. The collection also includes several Aston Martins, more Ferraris, and a Bentley.

In addition to the cars, the state has attached eight properties worth approximately R175 million. These assets are a physical manifestation of the R2 billion that was allegedly siphoned away from a hospital that serves some of the most vulnerable people in Gauteng. While Maumela was allegedly building a multi-million rand property and supercar empire, patients at Tembisa Hospital were often left without basic medical supplies and functioning equipment. The contrast between the Sandhurst luxury and the hospital wards is a powerful indictment of the systemic corruption that has plagued the province.

The Financial Noose Tightens

The legal pressure on the Maumela family is not just coming from the SIU and the Special Tribunal. The South African Revenue Service (SARS) has also entered the fray, dealing a massive blow to the family’s finances. It was revealed this week that the tax man has slapped Maumela’s mother, Mboneni Benedicta Maumela, with a staggering R39.9 million in new tax assessments. This bill includes penalties and interest for the tax years between 2017 and 2023.

The SARS investigation has raised serious questions about how the matriarch of the family managed to accumulate such a vast amount of wealth during the same period that her son was allegedly looting the health department. The tax assessment is part of a broader strategy by the state to use every available legal avenue to recover the billions lost to corruption. For the Maumela family, the days of living large on public funds appear to be coming to a definitive end as the net of the law draws tighter.

The Long Road To Justice

The sale of the Ferrari is a significant victory for the SIU, but it is only one step in a much longer journey toward justice. The R2 billion looting scandal has had a devastating impact on the Gauteng Department of Health, and the recovery of assets is a critical part of restoring public trust. The Special Tribunal’s decision to authorise the sale of the vehicle ensures that the value of the asset is preserved for the benefit of the state, rather than being allowed to rot in a storage facility.

As the investigation continues, the focus remains on the individuals who facilitated the tender fraud inside the health department. The DA has already called for charges to be pressed against former officials who failed to act on the warnings raised by Babita Deokaran. The "don" of Tembisa may have enjoyed a life of supercars and mansions for a time, but the legacy of a brave whistleblower and the relentless work of investigators are now ensuring that the truth can no longer be hidden. The fire sale of a R10 million Ferrari is a loud and clear message: the party is over, and the bill has finally arrived.


Latest Gossip News via Email

Enter your email address to subscribe to our website and receive notifications of Latest Gossip News via email.