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Export the bike to an agent either in USA or UK at my cost for sale or let the buyer pay the costs of shipping from SA.
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Depends on what you expect to recover from the sale and what the fees are, I have never investigated this.
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Is it necessary to to have the bike in the place of sale or auction?
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No, evidence e-bay and thousands of transactions daily. Many state "I'm selling the bike for a friend/relative"
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How would the buyer / bidder know the true condition of the bike at the time of sale? Would they send a local representative to look at the bike?
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A lot of it is down to your word, you can always have a reputable local dealer provide a certificate of inspection, or they can hire a representative to inspect it (at buyer's cost).
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What would the shipping cost be and where could one get quotes?
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Google search for shippers, there are many.
KADUTZ was spot-on with advice about selling the parts separately, you'll fetch a lot more that way.
I'm going to stand firm on my advice which is - have the paint re-done in original colors, it will make a huge difference in how much the bike will fetch, especially at auction/e-bay.