3-bed house in 874 The Ridge, Panorama Gardens, Pietermaritzburg

Case No: 17627/23P Docex: 5 Umhlanga Rocks IN THE HIGH COURT OF SOUTH AFRICA (KWAZULU-NATAL DIVISION, PIETERMARITZBURG) In the matter between: THE STANDARD BANK OF SA LIMITED Execution Creditor and BONGINKOSI JEFFREY MKHIZE, 1st Execution Debtor and NOREEN MKHIZE, 2nd Execution Debtor NOTICE OF SALE IN EXECUTION: IMMOVABLE PROPERTY 27 AUGUST 2026, 09:00, Sheriff of the High Court Pietermaritzburg, at 20 Otto Street, Pietermaritzburg PROPERTY DISCRIPTION Erf 874 Panorama Gardens, Registration Division FT, Province of KwaZulu-Natal, In Extent 300 (Three Hundred) Square Metres. Held by DEED OF TRANSFER NUMBER: T11256/2011. PHYSICAL ADDRESS: 874 The Ridge, Panorama Gardens, Pietermaritzburg, KwaZulu-Natal. (Magisterial District of uMgungundlovu) ZONING : Residential. IMPROVEMENTS : The property consists of the following: 1 x lounge, 1 x kitchen, 3 x bedrooms, electric gate, paving and pre-cast wall Nothing in this regard is guaranteed. 1. The sale is a sale in execution pursuant to a judgment granted on the 12 March 2024 and a Warrant of Execution issued thereafter, the above-mentioned immovable property will be sold to the highest bidder subject to a reserve price of R480 000.00 by the sheriff of the high court at The Sheriff's Office, 20 Otto Street, Pietermaritzburg on the 27 August 2026 at 09h00. 2. The sale shall be subject to the terms and conditions of the High Court Act and the Rules made thereunder. 3. Full Conditions of Sale may be inspected at the Offices of the Sheriff for Pietermaritzburg, 20 Otto Street, Pietermaritzburg whom shall hold the sale and shall read out the Conditions of sale prior to the sale in execution. 4.The Rules of this auction and a full advertisement is available 24 hours before the auction at the office of the Sheriff for Pietermaritzburg, 20 Otto Street, Pietermaritzburg 5. Registration as a buyer is a pre-requisite, subject to specific conditions, inter alia: (a) In accordance to the Consumer Protection Act 68 of 2008 (http://www.info.gov.za/view/ downloadfileAtion?id=99961) (b) FICA-legislation Requirements: Proof of Identity document and Residential address and other. (c) Payment of a Registration deposit fee of R15 000.00 (refundable) in cash. (d) Registration of conditions 6. Transfer shall be effected by the attorneys for the Execution Creditor and the purchaser shall pay all transfer dues, including transfer duty, current and / or arrear levies /rates and / or Value Added Tax and other necessary charges to effect transfer upon request by the sale attorneys. 7. The conditions shall lie for inspection at the office of the Sheriff Pietermaritzburg, 20 Otto Street, Pietermaritzburg for 15 days prior to the date of sale. 8. The Purchaser shall, in addition to the Auctioneer's commission pay to the Sheriff, a deposit of 10% of the purchase price in cash immediately or bank guarantee cheque after the sale 9. The balance shall be paid against transfer and shall be secured by a Guarantee issued by a Financial Institution approved by the Execution Creditor of his or her Attorney and shall be furnished to the sheriff within 21 days after the sale. 10. The purchaser may be taken possession of the property, the purchaser shall be liable for occupational rental at the rate of 1% per month on the purchase price. 11. The auction will be conducted by auctioneers AM Mzimela (Sheriff) and/or her/ his deputies 12. Advertising costs at current publication rates and sale costs according to court rules, apply. Dated at Umhlanga, 30 JUNE 2026. Attorneys for Plaintiff(s): Garlicke & Bousfield Inc, 7 Torsvale Crescent, La Lucia Ridge, La Lucia. Tel: 031 570 5300. Fax: 031-570 5307. Ref: Ms. BB/sc/S1827/L. -.