Mmegi Online :: CTO auction starts this week
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Last Updated
Friday 29 April 2016, 17:26 pm.
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CTO auction starts this week

The Central Transport Organisation (CTO) hold its first ever vehicle auction sale for citizens only on Thursday this week in Gaborone.
By Staff Writer Sat 30 Apr 2016, 05:19 am (GMT +2)
Mmegi Online :: CTO auction starts this week








CTO general manager, Lt-Col Moakohi Modisanyane told Mmegi yesterday that about 1,813 vehicles are up for auction. The vehicles will be sold in batches with the first units from Gaborone going under the hammer on October 16  and October 30.

Other auction sales will be in Ghanzi on October 21, Tsabong on October 22, Kasane on October 27, Francistown on October 28, Selebi-Phikwe on October 29, Serowe on November 4, Lobatse on November 5 and Mahalapye on November 3.

Modisanyane said those wishing to bid for the vehicles must pay the required P2,000 deposit three days before the date of sale.

Those who have paid will be allowed to inspect the vehicles before the auction.

Modisanyane said security will be tight to make sure non-citizens do not get in or buy vehicles. 

"We will not allow any non-citizen into the yards or near the wards. We will require genuine identity cards. We are curbing the problem of fronting by limiting a

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buyer to a maximum of two vehicles only. Once bidders have purchased a vehicle from one CTO site, they may not go to another auction site," he explained.

He said non-citizens have been barred from the auction because they used to benefit at the expense of locals. "We want to give our citizens a chance to own these vehicles.

Hopefully more locals will participate. We are aware that a lot of people these days prefer Japanese cars, which are selling at affordable prices. But they will find our prices quite good as well," he asserted.

Most of the vehicles to be sold are eight years old. The reserve prices are as low as P15,000 for double cabs and four-wheel drives and P4,000 for small cars. Modisanyane said the fact that there will be no non-citizens at the auction and people are limited to purchase a maximum of two vehicles will give many bidders the opportunity to buy at reasonable prices.

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