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Thebe makes bid for auction industry

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Cape Town - Thebe Investment Corporation has closed on the acquisition of a majority stake in Clear Asset – a move that creates a black owned online auction house.

Privately held and headquartered in Cape Town, Clear Asset is a fast-growing online auction provider for mining, construction, maritime, agriculture and other heavy duty assets.

The company has sold over R1bn of assets in the last year alone. Approximately 50% of these assets were exported globally with shipments to over 20 countries in 2016.

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