Auctioneering Corporation of Namibia (Pty) Ltd, asset disposal experts and a registered Namibian company, was founded in 1994. Named Aucor Namibia (Pty) Ltd by its founding members, specializing in Vehicles; Real Estate (property); Household Furniture and Appliances; Office Furniture & Automation; Aviation; Construction Plant, Equipment & Machinery; Agricultural Land, Produce, Equipment & Machinery; Mining Plant, Equipment & Machinery; Manufacturing Plant, Equipment & Machinery; Salvage of Plant; Building Equipment and any other assets; Marine Assets and Collectables. Aucor Namibia has an energetic and highly trained team.

The meteoric growth of Aucor Namibia is a direct result of the hands on attitude of the executives and senior management, and of the know-how and creative thinking of all staff members. Aucor Namibia prides itself on a very low staff turnover and a committed and skilled staff complement. All staff members have made a solid commitment to delivering exceptional service and have done so since the start of the company.

Since the establishment of Aucor Namibia, auction sales have been conducted for all the financial institutions, insolvency practitioners, government and parastatals, municipalities and private sellers.

As one of the most established auctioneering companies in Namibia, our record of consistent expertise, quality of performance and professionalism coupled with our financial integrity has resulted in longstanding relationships with our clients.

Aucor Namibia is a Namibian company with 75% of the company being Namibian owned. During 2005, Aucor Namibia concluded a BEE deal whereby 26% of Aucor Namibia is now owned by a Namibian 100% owned BEE group, Twine Investment (Pty) Ltd. This brings the total Namibian shareholding in Aucor Namibia by a BEE group to 34.7%.

At the head of the operation is Neil Engelbrecht, CEO, who makes sure that everything and everyone is functioning at the optimal level. The Team brings together a wide range of professional, practical skills and experience relevant to the auctioneering and asset management fields, backed by competent and dedicated support staff.

It is in fact this team of highly qualified staff that allows Aucor Namibia to live up to its reputation of service excellence.

Legal, financial, administrative, valuation and of course auctioneering skills are brought to bear in the disposal of customers’ assets to best advantage. The company participates and supports the affirmative action program in accordance with section 22 of the affirmative action (Employment) Act, 1998 and has an extensive training programme for all staff.

Black Economic Empowerment Objectives

Aucor’s main objectives for Black Economic empowerment are as follows:

• To contribute to economic empowerment both by developing the finest service and generating the highest returns possible for Aucor.
• To structure the business environment within Aucor to ensure full participation and complete involvement of historically disadvantaged individuals.
• To establish small business units with black entrepreneurs this will allow Aucor to outsource certain services through black entrepreneurs emanating from the Aucor fold.

Aucor’s ongoing quest for Black Economic Empowerment follows these guiding principles:

• Integration and transparency
• Sustainable business partners
• Efficiency and professionalism
• Fairness and objectivity
• Furthering the future of our Country

Aucor’s Approach to Empowerment

Our mission embraces the concept that for Namibia’s economy to grow, our citizens should be afforded and equal opportunity of making a meaningful contribution to our country.

For Aucor to achieve our objective of maximizing benefits to the empowerment programme, integral processes have been developed.

• Facilitating ownership, which is empowerment of black people, especially women.
• Transfer of skills to disadvantaged people.
• Human resources and skills development from disadvantaged communities.

Aucor’s commitment to innovative uncompromising service has resulted in achieving recognition as the nation’s leading Disposal Company.

Aucor focus on tailoring services to meet each of our clients needs whilst at the same time maximizing returns.

Aucor prides itself in honesty, integrity and the knowledge of the job done perfectly.

Our record of consistent expertise, quality of performance and professionalism coupled with our financial integrity has resulted in longstanding relationship with our numerous clients.