Malema trust launched to settle Sars bill

2014-04-10 08:23

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A trust has been launched to collect funds to settle EFF leader Julius Malema’s R16 million SA Revenue Service (Sars) bill.

“The main motivation for the establishment of this entity is to settle the alleged tax bill that Julius Malema was recently slapped with by ... Sars,” trust chairperson Mandisa Mashego said yesterday.

Mashego and four other trustees launched the trust, referred to as the JSM Trust, in Johannesburg.

The five trustees are all members of the Economic Freedom Fighters.

“Although we are EFF members, we are also independent individuals who have a right to participate in the activities of the country, ” said Mashego.

The trust was formed in consultation with a team of professionals including qualified attorneys, accountants and tax practitioners, who offered their services to the trust free of charge.

“This team ... has been instrumental in providing trustees with the necessary direction and advice to ensure smooth management of all matters of the JSM Trust,” said Mashego.

She said the trust was set up to protect Malema and other individuals who were abused by the state as they believed the Sars bill was being used as a mechanism to keep Malema out of the political arena.

“We are of the firm view that the case brought against Mr Malema has absolutely nothing to do with the allegation of him owing Sars taxes,” said Mashego.

“Instead, we are convinced that the real intention of these actions is to frustrate, silence and suspend the political activities of Malema so that he is unable to claim his rightfully deserved place in participating in the political landscape of South Africa.”

She said Sars first presented Malema with a bill of R4 million in outstanding taxes, but that the amount escalated to R16 million.

“Without any rational explanation or fair calculation ... Sars went as far as escalating its initial bill from R4 million to a whopping R16 million,” said Mashego.

The fund planned to collect the R16 million by the end of April.

Mashego said the trust would run live from midnight yesterday.

“We will collect money from the millions of sympathetic, ordinary God-fearing people of South Africa,” said Mashego.

Additional proceeds would go towards other citizens who might find themselves in very desperate situations.

These included people who faced difficulties in areas such as education, housing and health.

Mashego said Malema was not directly involved in the operations of the trust, but had given the trust permission to use his name.

Malema was provisionally sequestrated by the high court in Pretoria in February this year. According to court documents, Malema owed R16 million plus interest after failing to submit tax returns between 2006 and 2010.

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