Malema's half-built home up for auction

2013-04-21 14:20
Julius Malema (File: AP)

Julius Malema (File: AP)

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Johannesburg - A half-built home in Sandown belonging to expelled ANCYL president Julius Malema will be auctioned next month, it was reported on Sunday.

"It is definitely focused on the entertainer's market and is at an excellent address," Pieter Geldenhuys, a spokesperson for the auction house Bidder's Choice, told The Sunday Times. "The design is hi-tech and very tasteful," he said

The three storey home, which was attached by the court to help cover the former African National Congress Youth League head's tax bill, would reportedly go under the hammer on 9 May.

Nobantu Mtimde, of Makwande Auctioneers, told the newspaper the initial structure of the house was "almost completely done".

However, it did not have fittings such as plumbing, ceilings, flooring and glasswork.

Malema brought the property in 2009 for R3.6m. He had the existing house on the property demolished and began construction on a house with four bedrooms, four bathrooms, a swimming pool, cinema room, coffee bar, jacuzzi, cigar lounge, wine cellar and a lift.

This week, a provisional order for the preservation of Malema's assets was made final by the North Gauteng High Court.

Malema owes the SA Revenue Service (Sars) R16m. Last month, he reportedly missed a deadline to challenge Sars's application for the sequestration of his estate to cover his tax bill.

He also faces charges of fraud and racketeering related to the irregular awarding of a R52m tender to On-Point Engineering in Limpopo.

Read more on:    sars  |  ancyl  |  julius malema  |  johannesburg

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