Terms: R25,000 refundable registration fee. The highest bidder will pay R100,000.00 on the fall of the hammer the balance of the purchase price is payable within 24 hours from date of confirmation of sale. Vat is payable on the purchase price. Fica Documents are required for auction registration. The Michael James Organisation or the financial institution's representative may bid to the reserve price on behalf of the seller. Terms and Conditions are subject to change.