Levitt was named Chairman of the South African Institute of Auctioneers and was inducted into its Hall of Fame.

After the delisting of Seeff Holdings Ltd in 1998, Levitt completed a management buyout, renamed the company Auction Alliance and became its CEO.

The company opened in several cities, including Pretoria, Johannesburg, Durban, Port Elizabeth, Nelspruit, Upington, Windhoek and Dubai (United Arab Emirates). Auction Alliance became South Africa’s largest auction house. Levitt also started several other companies including Salesbid, Asset Alliance, Alliance Business Brokers, Alliance Finance, and Valuation Alliance. Levitt acquired several real estate, management and valuation companies.

Levitt developed the auction industry in South Africa by various approaches including Multiple Auctions and the development of the RAP (Rapid Auction Programme). In 2006 Auction Alliance sold a 25.1% stake to Amabubesi Investmentsrunning water, and heating in colder climates, without needing public assistance. This is important because some people literally starved to death in the Great Depression. They will not be the subject of this answer.
In the 1980's, 70% of people in South Asia lived below this measurement. There are other modern measurements applied to developed countries. The UN's Human Development Index seems to be the most popular, but there are many.

Even so, the Bank has never insisted on using just one line; indeed, in its work with specific developing countries, the Bank uses the national poverty line considered most appropriate in each country.
The Chen-Ravallion paper used five international lines. The lowest of these was $1.00 a day at 2005 prices, which is very close to India’s official poverty line.