The High Court in Pretoria has dismissed Morgan Maumela and the MHR Maumela Family Trust’s urgent bid to stop the sale of a Ferrari SF90 Stradale preserved during the Special Investigating Unit’s investigation into alleged corruption and maladministration at Tembisa Hospital.

The ruling clears the way for the SIU-appointed curator, Jacobus Gideon Louw van Wyk, to proceed with the sale of the luxury vehicle for not less than R9.5 million.

The Ferrari is among luxury vehicles preserved under a Special Tribunal order granted in September 2025 as part of the SIU investigation into alleged corruption and maladministration at Tembisa Hospital, where approximately R2 billion is alleged to have been looted.

The SIU said the curator obtained authority from the Special Tribunal on 13 August 2026 to sell the Ferrari and place the proceeds in an interest-bearing trust account until the civil proceedings are finalised.

The application to stop the sale followed that Tribunal decision.

Maumela and the MHR Maumela Family Trust opposed the sale, arguing that the Ferrari could appreciate in value and should therefore remain preserved rather than being sold.

However, the High Court dismissed their urgent application.

According to the SIU, the court found that the Tribunal’s order authorising the sale was an interim order dealing with the administration of preserved property and was therefore not automatically suspended simply because an appeal process had been launched.

The court also found that Maumela and the trust had failed to establish a clear right to prevent the sale, had not demonstrated reasonable prospects of success on appeal and had failed to show that they would suffer irreparable harm if the Ferrari was sold.

Importantly, the court found that the value of the Ferrari would remain protected because the proceeds would be held in an interest-bearing trust account pending the final outcome of the main proceedings.

The SIU said the curator had argued that keeping the Ferrari in storage came with continuing insurance, maintenance and storage costs which could erode the value of the preserved asset.

Selling the vehicle, it said, would protect its value while generating funds that could also be used to maintain other assets under curatorship.

The SIU welcomed the judgment, describing it as an important affirmation of the mechanisms available to preserve and recover assets linked to alleged corruption.

“The judgment affirms the principle that preserved assets may be managed in a practical manner that protects and preserves their value while legal proceedings continue,” said SIU spokesperson Selby Makgotho.

The SIU said the judgment also reinforced the role of the Special Tribunal in managing assets subject to preservation orders while civil recovery proceedings continue.

The Tembisa Hospital investigation has focused on allegations of widespread corruption and maladministration involving State funds.

The SIU said it remained committed to recovering losses suffered by the State and ensuring that assets linked to unlawful conduct are protected in the public interest.

It also confirmed that evidence pointing to possible criminal conduct uncovered during its investigations had been referred to the National Prosecuting Authority for consideration and further action.

The Ferrari sale is therefore the latest development in the wider effort to preserve assets allegedly linked to the Tembisa Hospital corruption investigation while the legal battles continue.