Telkom to sell 34 properties in big auction

Telkom has announced through auction partner GoIndustry that it will hold an auction for 34 properties.

In a published statement, GoIndustry said the 34 lots include commercial and industrial buildings across the country, and the auction will be held online.

“For this particular sale, the properties are being sold via our specialised online auction platform, which is… suited to accommodate bidders located across the country,” said GoIndustry.

“This is an extensive portfolio, including erven with single-storey buildings used for telecommunications in the past, as well as vacant land with development potential.”

The company then detailed the locations of the majority of the properties:

  • Western Cape (5)
  • Eastern Cape (1)
  • Gauteng (6)
  • KwaZulu-Natal (7)
  • Limpopo (4)
  • Mpumalanga (5)
  • North West (2)
  • Northern Cape (3)

The properties mostly feature industrial single-storey buildings, with a wide variety of zoning classifications, added the company.

It added that the auction is online only and viewing is by appointment only.


Photos of the properties

Photos of several of the properties on offer are posted below.

Telkom

Telkom

Telkom

Telkom

Telkom

Telkom

Telkom

Telkom

Telkom


Old network

The auction comes at a time when Telkom is decommissioning its copper network, moving customers to fibre and LTE alternatives where available.

Telkom CEO Sipho Maseko said they are moving to newer technologies which would help the company save on legacy network maintenance and the cost to replace stolen cables.

Telkom also announced in July that it had migrated 96% of its prepaid fixed-line customers to wireless products and would be shutting down the service on 1 August.

“Telkom’s wireless service is more reliable than its copper-based technology and is less susceptible to interruptions as a result of adverse weather conditions, faults and cable theft,” the company said in a statement.


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Telkom to sell 34 properties in big auction