Malema owes R15m

2012-05-13 14:39

Johannesburg - Former ANC Youth League president Julius Malema's family trust owes R15m to the SA Revenue Service, the Sunday Independent reported.

The company On-Point Engineers, which is partly owned by the trust, owed a further R3m in tax.

However, Malema told the newspaper he in fact owed R27m.

"From my own calculations and the figure they sent to my accountant, it is not R15m. It is R27m. I do not understand how they arrive at that figure," he was quoted as saying.

Malema said he was dealing with the issue.

"We knew they will happen, especially if you take a political decision against the establishment," he reportedly said.

On Point's chief executive Lesiba Gwangwa referred queries to his lawyer, who said the company was not aware of the tax bill.

According to City Press, Malema's trust received at least R100 000 from a company partially owned by Human Settlements Minister Tokyo Sexwale.

The payment was reportedly made by Mvelaphanda Resources in December 2010.

"Mvelaphanda Holdings... has always been and is at liberty in terms of the law to make donations to any trusts involved in social development," Sexwale's spokesperson Xolani Xundu was quoted as saying.

Mvelaphanda CEO Mikki Xayiya reportedly said the company did not respond to media speculation.

Sexwale had stepped up his campaign to become the next ANC president, City Press and the Sunday Times reported.

Read more on:    anc  |  tokyo sexwale  |  julius malema  |  politics

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