Malema 'hid' valuables

2013-02-24 14:31
Julius Malema. Foto: Brett Steele

Julius Malema. Foto: Brett Steele

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Johannesburg - Expelled ANC Youth League president Julius Malema may have hidden some of his assets to prevent them from being sold at auction to recoup tax debt, it was reported on Sunday.

The Sunday Independent reported that Malema's household contents were auctioned in Polokwane in Friday for R54 000, which was about a fifth of the value of his Breitling watch.

The SA Revenue Service (Sars) is trying to recover R16m, which it claims Malema owes in tax, following business dealings it alleges were incompatible with his tax declarations.

According to the newspaper, it reported in January that Malema had spent R291 000 on clothes at an Italian boutique store and more than R31 000 on Louis Vuitton designer clothes according to an audit by PwC.

No watch or designer clothes

It reported that Malema's watch and designer clothes were not seen at the auction. Assets which were auctioned included a piano, fridges, a wall unit, television sets and flower tables.

The Sunday Sun reported that the piano was bought for R9 300 by Norman Motaung. "I didn't buy it because of the previous owner," he told the newspaper.

A former friend of Malema's, Boy Mamabolo, bought a mirror for R300. He told the newspaper Malema had promised to give him the mirror in 2009 but had changed his mind.

"I'm helping Sars to collect its money. But I'm disappointed that the Pioneer music mixer is going back to Juju [Malema] - because his bodyguard bought it," Mamabolo told the Sunday Sun.

The Sunday Sun reported that many people were disappointed at the assets that were on sale.

Items in a bad state

"According to the sheriff, some people were not happy with the state that the items were in," Sars spokesperson Adrian Lackay told the Sunday Independent.

"The sheriff will have written up an inventory of everything. So we are confident that all attempts to get around the administration of justice will be futile," he said.

Read more on:    julius malema  |  polokwane  |  politics

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
NEXT ON NEWS24X publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24


Amazing solar inventions!

Solar power is lighting up the world, and not just on rooftops anymore.



Prince George the green prince?
One man's $1 million vision for an eco Africa
China's air pollution at doomsday levels
Keep food fresher for longer

Book flights

Compare, Book, Fly


There is a tendency to get too caught up in group dynamics and high expectations and ideals, that your own personal needs more

There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.