Terry Pheto's Bryanston Home Fails To Sell At Auction

The Bryanston property of Terry Pheto was expected to sell for over R4 million, but did not receive an offer.

By  | Mar 03, 2023, 08:45 AM  | Terry Pheto  | Drama

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Actress Terry Theto's Brayston luxury mansion which was set to be auctioned on Thursday, has reportedly failed to sell at auction.

Also Read: “This Is A Difficult Time For Me” - Terry Pheto

The Tsotsi actress is currently embroiled in a multi-million rand alleged National Lotteries Commission corruption scandal. A preservation order was recently obtained by the Special Investigating Unit (SIU) on her property, which they claim was built with funds siphoned from the National Lottery Commission (NLC) grant fund.
According to various reports, the funding was intended to launch a public campaign and implement culturally sensitive medical interventions to achieve traditional circumcision. Among the luxury home's features are three bedrooms, two bathrooms, a rooftop entertainment area, a maid, and three bedrooms.

According to the SABC, the stunning mansion failed to attract a buyer on Thursday. It is reported that the property is worth around R5 million, but none of the 28 registered bidders offered more than the starting bid of R3 million on Thursday.

The spokesperson for the Special Investigating Unit, Kaizer Kganyago said, “There were no takers unfortunately, there were people who registered, about 28- people, but none of them put an offer on it, which is a very strange thing. The house is still available. What’s going to happen now, they will find other ways of dealing with the sale. All that we want is the money back, so that we can take that money back to the lottery, so that it is used for what it was intended for.”
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In 2022, Terry issued a statement refuting the alleged fraud and corruption allegations leveled against her. Her statement came after the Special Investigating Unit (SIU) seized a number of assets, and businesses including luxury cars ending the investigations.

"I am dismayed to discover that I am the subject of a Special Investigation Unit probe into allegations of fraud relating to funding by the National Lotteries Commission. I deny any involvement in the alleged scheme that has been reported on. I also had no prior knowledge of an application to obtain a preservation order against me, and have no sight of this order," she said.

“I deny any involvement in the alleged scheme that has been reported on. I also had no prior knowledge of an application to obtain a preservation order against me and have no sight of this order," she said.

Tweeps have reacted to Terry's house being actioned.

Image Cred: ANMG
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