Absa’s mystery sale of SA’s largest house
Absa has obtained power of attorney to sell the luxury riverfront home of one of its former executives
27 August 2020 - 05:00
Mystery surrounds the sale of the largest house believed to be built in SA, a sprawling 6,000m² mansion on the banks of the Vaal River that belongs to former Absa executive Kennedy Bungane.
Joburg-based High Street Auction Co has been instructed by Absa to sell the private residence, aptly dubbed the Vaal Castle, through a private treaty sale. That means the deal is confidentially negotiated between seller and buyer and not auctioned off under the hammer...
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