News24

Malema blew R3m through his trust

2012-03-04 16:00

Johannesburg - Expelled ANC Youth League leader Julius Malema is a Gucci millionaire and not “poor” as he claims.

As Malema’s political career draws to a close, City Press can reveal that in 2010 alone, different donors deposited more than R3m into Malema’s Ratanang Family Trust, which is currently the subject of a criminal investigation by the Hawks.

With his options of remaining in the ANC running out fast, focus now shifts to at least four investigations into Malema’s financial affairs and business interests.

The Hawks, public protector, South African Revenue Service and the Master of the High Court are finalising forensic investigations into the extent of Malema’s wealth and the role of his family trust in benefiting from Limpopo government tenders.

City Press can reveal that more than R2m of the deposits into Malema’s trust in 2010 were made in cash.

In the same year, withdrawals and payments of more than R3m were made from the trust. Two recipients of money from Malema’s trust were Gucci clothing and the five-star Twelve Apostles hotel in Cape Town.

The information was corroborated by two independent sources with direct knowledge of Malema’s affairs.

The only beneficiary of the trust is Malema’s son and all transactions are legally supposed to benefit him.

Malema and his grandmother, Sarah, are the trustees.

Top earner

Earning more than R3m a year places Malema among the country’s top earners.

Although their packages were propped up by performance bonuses, Malema’s income through the trust was on a par with the salaries of Investec chief executive Stephen Koseff, who, according to the Sunday Times rich list, drew a salary of R3.5m in 2010; Mvelaphanda head Mikki Xayiya with R3.2m, and Basil Read’s Marius Heyns, who earned a salary of R3.1m in 2010.

The ANC’s national disciplinary committee expelled Malema from the governing party last week after it found he had threatened the party and held it to ransom.

Hawks spokesperson McIntosh Polela says their investigation is ongoing but will not give details. “We will issue statements only when the investigation is concluded. We will not give a blow-by-blow account,” he says.

Justice department spokesperson Tlali Tlali says although the master has not finalised his investigation into the trust, “significant ground has been covered”.

Malema and his grandmother have co-operated with the master’s office and the probe is expected to be concluded “in the next few weeks”.

Roads tenders

Public Protector Thuli Madonsela has already stopped On-Point Engineering – a private firm partly owned by Malema’s trust – from adjudicating roads and transport tenders in Limpopo.

On-Point was awarded a R51m tender by the Limpopo roads and transport department in 2009 to manage a “project management unit” that designs, implements and oversees roads projects in the province.

Madonsela told City Press last week she had hoped to finalise her report into tenders awarded to companies in which Malema has an interest by the beginning of March, but was still busy.

“The investigation is at an advanced stage, but we have not been able to meet our deadline because it is a forensic investigation that involves a whole lot of documents. We have extended the deadline because we want to ensure that everything is explained on paper and in writing.

“We will release an interim report, not for public consumption, by the end of March or hopefully in the middle of March,” said Madonsela.

City Press understands that Malema and his lawyers are in discussions with Sars about tax compliance issues affecting his trust and business interests linked to the trust.

Tax evasion


Southern Africa Report quoted sources last month saying sufficient evidence had been gathered to charge Malema with tax evasion and money laundering.

It reported Malema’s personal tax affairs were now in order after he was given a year to sort out paperwork and pay funds owed to Sars, but his businesses were in trouble.

“The forensic teams going through his and other ANC politicians’ business interests in Limpopo with a fine-tooth comb have discovered several violations of regulations governing trusts.

"They are also understood to have established a paper trail linking shell companies to Malema’s trust, with what could be instances of money laundering,” the journal reported.

City Press revealed the existence of the trust in July last year. Before that, Malema claimed he was “poor but creditworthy” and that he lived from “handouts” from people like Limpopo Premier Cassel Mathale.

A businessman told City Press he had to pay money into the trust after Malema assisted him to obtain a Limpopo government tender. Property developer David Mabilu and building material supplier Steve Bosch have been identified as other benefactors of the trust.

City Press calculated that Malema needed at least a salary of R123 000 per month to sustain his lavish lifestyle. His salary from the ANC is rumoured to have been R50 000 or less per month.

Malema’s spokesperson Floyd Shivambu previously told City Press he would not respond to “futile fishing expeditions” by the newspaper.



Comments
  • Emil - 2012-03-04 11:04

    Silly Boy .He would have been OK if he had not taken on the Government.Now he will have to take responsibility for his actions.

      acsteyn - 2012-03-04 16:29

      OK in what century? Don't tell me you sympathyse with this Hood Robin?

      ZION - 2012-03-04 16:33

      You are right Emil, it pays to shurrup.

      Max - 2012-03-04 16:38

      That is very unlikely to happen. Some pigs are just more equal than other.

      Mike - 2012-03-04 16:58

      Who's the mother of his son?

      Kim - 2012-03-04 17:23

      Who says it is his son Mike. I have heard different

      Spyker - 2012-03-04 18:09

      What leaves me, at an absolute loss for rational articulation, is the fact that there are still people who 'blame everything on Apartheid and white people'. Apart from the money he stole from hard working people, people who have remained in SA, who are sacrificing a lot to make SA work, is the absolute brazen arrogance that accompanied his criminal demeanour. He chose to ride on the back of the "HATE FOR WHITE PEOPLE", as a red herring, to "hide" his criminal activities. I fear however, there are NOW many who are simply using him (in turn), as a 'red herring' - no less JACOB ZUMA. Zuma is one of the biggest evils alive on planet earth - him and a certain ANC "inner circle". Their aim is to create a "Fascist ANC Elite Dynasty" that will reduce SA to the black version of Nazi Germany. Zuma is a hybrid of Malema. Malema is way too stupid to have created his "path to riches plan" - he was simply following an established model. A model that can only succeed if you "live above the law" (iow the mafia doctrine). Malema is Zuma's sacrificial lamb. The only reason Malema has not exposed this verity is (a) he harbours some bizarre reverie of returning to the ANC (as if nothing ever happened) (b) he fears for his life. In some strange way I feel sorry for him - not suggesting his fate should change - no way, if ever somebody belonged on what Robben Island should have been, then he is the one; just for the fact that he is actually 'small fry'...

      Hugh - 2012-03-04 18:24

      What I cannot understand is that FICA which we are all forced to subject ourselves too. Where sums in cash of R50.00 and above may be ear marked as being possible money laundering by banks but millions in cash flow in and out of a bank account for at least five years and no Bank has raised this as suspicious and informed SARS. The same SARS that oversees money laundering and Taxes

      colin.dovey - 2012-03-04 18:27

      @Spyker - yours is a VERY clever, cogent and relevant analysis.....to the point, so correct in fact that I got gooseflesh reading what you have so eloquently written. I have always felt that Zuma was a clever, indeed sly, and diabolical twister of the truth....YES of course...it jumps out of the page! HE (and his cohorts) have been stringing Malema and his band along, to be used as cannon fodder when the appropriate time arrives.

      Georg - 2012-03-04 18:47

      Why don't they just put him away in jail? Surely there is enough evidence to do that, not only income tax evasion? Or is the ANC afraid he'll take to many of their big wigs along?

      Johan - 2012-03-05 07:53

      And the thick plottens....

      Merven - 2012-03-05 09:11

      Choose your friends wisely and your enemies even more wisely.

  • Mboma - 2012-03-04 14:55

    Wkae up South Africa. These Malema stories are revealing. Mabeki let the law loose on Zooma, but not on a friend Celebi. Now Jzooma is doing the same. Lets be clear: If Melema did not rough up the powerfull, there would not have been any investigation. Remeber Zooma siad a while ago Malema was presidential material. It is not that the money activities of Malema was not happening, is beacuase he was still a good boy to Zooma then. Another way to see it, those of us who are familiar with Mapumalanga for example would know that curruption there is worse than Limpopo. But there is no investigation there.God be with us

      Peter - 2012-03-04 17:59

      In Mamparalanga if you make too much noise you die. Plenty of cases like this, hence the criminals have free reign. Maybe thats why rhino poaching is so out of control there.

  • Tanie - 2012-03-04 16:25

    Ek daans saam met die poppe!. Ek like die boerewors! because is too stink! In case you wonder what it is I have written, IT IS A SONG, TI-LA-LAH! WA CHI UMKHUKHU.

      Merven - 2012-03-05 09:13

      Oom Kriel, stay away from the green weed!

  • acsteyn - 2012-03-04 16:25

    You know Julius you remain a special source of my personal humour everyday. Man you make me laugh every day! Why don't you just buy Botswana, kick the oke you don't like out there and take over all the diamonds. Don't forget the Gucci at home. You are such a smooth poodle.

  • acsteyn - 2012-03-04 16:27

    When last last did you check out a Sangoma? Oh, are they allowed to do IQ tests and scans to determine if indeed there is a brain?

  • Kolobe - 2012-03-04 16:27

    white media and juju...i have heard he only wears expensive socks

      Piet - 2012-03-04 16:30

      Send this clown to jail! Kolobe you can visist him there

      Elton - 2012-03-04 16:47

      Kolobe you dumb-ass, that is like sending all Germans to jail in 1965. Grow a brain.

      Mike - 2012-03-04 17:04

      Then should I say send all blacks to jail for genocide? Sorry bru, can't do that! My son was born after 1994, you blame him too? Neither do I blame you!!

      Morne - 2012-03-04 17:04

      Thats what he probably told you Kolobe and the sad part is that you believe him, like many others dp. He took you all for idiots and still you back him! Either you are family of JM or you are part of his tender loving friends.

      pws69 - 2012-03-04 17:15

      So, where did he LEGITIMATELY get the money to buy those expensive socks? Can't wait for your reply, ANCYL retard.

      Kevin - 2012-03-04 17:52

      Kolobe, whites owe zero to you. You are obviously from the majority race in this country that needs to be propped up by AA. Be thankful that the whities who invented every single thing share there toys with you and keep 50% of your buddies alive with drugs donated by the whitey countries you have a problem with.

      Ian - 2012-03-04 18:18

      kolobe, get back to basic woodwork you dumb cockroach, without us whites this country is nothing but another trash pile in afffreeeeka, accept it

      Nigel - 2012-03-04 18:55

      another sheep !!!!!!!!!

      Nick - 2012-03-04 20:24

      kolobe you should be sent back to zimbo country

      Herman - 2012-03-04 22:30

      You should hope we do not go to jail or Australia because if we do there will soon be nothing left for you and Ju Ju to steel.

      Sally Lewitt - 2012-03-05 00:51

      Jeees! Hope your "source" of information told you those expensive sock are the colour WHITE, some may have some black stripes along with his whole Gucci wardrobe obtained illegally I'll have you know.. Hey would he be allowed to wear expensive socks in jail other than prison issue one?? Just wondering what you've heard lately! Keep us posted, would be such a pleasure gloating.. Oops I meant "knowing" thank hey!

      Jose - 2012-03-05 09:24

      kolobe and malemas IQ add up to single digits

  • kgomotso.radise - 2012-03-04 16:32

    It’s not raining in the Malema’s world its pouring with the looming signs of Irene cyclone.

      Morne - 2012-03-04 16:48

      LOL! Irene cyclone.....good one!

  • eddiebant - 2012-03-04 16:37

    Thats why he's fighting so hard to stay in that position.Just collecting and bugger the rest.Only looking after his own pocket and just talking about the poor(the one's that admire him so).

  • Cracker - 2012-03-04 16:47

    We are moving closer to a definitive view supported by ALL of what makes an "economic freedom fighter". They thrive on the sympathy of elder women (Mama of the Nation and the local ANCWL.) They have millions to spend. They live in luxury and have so much that they have not worked for or even struggled or fought for. And they start grovelling - again looking for sympathy, almost like a child - when the going gets tough. A fair amount of consensus must surely by now have started to emerge about the actuality of the "economic freedom fighter" features. One does of course associate THE features of THE leading figure with his ugly beret of choice with the typical characteristics of the ideal "economic freedom fighter."

  • Ian - 2012-03-04 16:56

    lock the thieving black criminal up and throw away the key, stinking piece of rubbish

      Ian - 2012-03-04 18:02

      @Kenny, i dont care thats what he is or is he suddenly a green martian, no martians have more inteligence than that piece of dung

  • Lacrimose - 2012-03-04 16:58

    R9mil a year! These 'kind uncles' must be getting more than 10x that in return. How many people could have truly benefited from that money in bursaries/scholarships, houses, food, clothes, medical treatment. Meanwhile, Julius and assorted alliance members are forever pontificating about the extreme gap between rich and poor and how morally wrong that is. Awkward!

  • Morne - 2012-03-04 17:00

    Clearly his view of econimic freedom means self enrichment! All these people covering for JM probably has a hand in the jar as well or their understanding of economical freedom is the same as JM's!

  • Duncan Thabiso Mphailane - 2012-03-04 17:05

    When did Malema claim to be poor???

      pws69 - 2012-03-04 17:27

      Around a dozen times that I can remember since 2009. Just because you have the attention span of a goldfish doesn't mean he didn't say it. Google it. He also claimed his only source of income was R20,000 a month from the ANCYL. Remember that one? How about when he claimed he had no recollection of being an On Point director, and flatly denied a shareholding? How about the time he claimed he only got donations, and that he never got any income from a company, and a few weeks later it was revealed he got R123,000 a month from a company for "facilitating" a tender? You see, Duncan, I actually have a brain, and I use it, and I remember. With all of this proof, including actual Malema quotes that were completely disproved, you still support him. WTF is wrong with you? Do you not have any cognitive reasoning abilities? Mind boggling.

      mike.clery - 2012-03-04 17:30

      On Wednesday 16 March 2011. http://www.sowetanlive.co.za/news/2011/07/20/i-am-poor-but-credit-worthy---malema

      Nigel - 2012-03-04 18:51

      you are in denial Mr Mphailane, you should do more research before blindly following fools

      Sally Lewitt - 2012-03-05 00:04

      @ Duncan, are you taking your medication for "convenient amnesia" or "dementia" ?

      Cindy - 2012-03-05 08:42

      Duncan here are 2 quotes on Malela claiming poverty: "Earlier this week, Julius Malema said, at a press conference, that he is “poor” and defined “rich” as “a person who owns the means to production”. (For example, owning a mine." AND Add to this the fact that Malema claims to be “a poor man” with a house that’s owned by Absa, a car that’s owned by a finance company. He says he earns a salary of just R20 000 a month. On that salary, the Standard Bank would provide a home loan of R666 869.72 considerably less than the estimated R3m home that Absa is financing for him. [Moneyweb]

  • jannie.beirowski - 2012-03-04 17:07

    If only he had built some housing with his millions, maybe that would have been tax deductable? Or maybe not, he is going to need that for his legal costs, or will the government be paying his expenses? Does this explain the missing R3 mil out of government pockets? So many questions..

  • Blessed Ndlovu Maratuza - 2012-03-04 17:10

    Its funny how an uneducated, and not so good, a boy like JM matters to all of u.. I bet other important issues on News24 dont get as many comments as JM stories..

      pws69 - 2012-03-04 17:36

      He is important because he has influence over retards who don't have a brain, but do have a vote. People who can decide how tax money is spent, without contributing to the tax pool, only leeching off it with child grants they blow on booze and drugs, and get free houses simply because they are leeches, and vote ANC. Clear enough for you?

      Kevin - 2012-03-04 17:54

      He is not the problem. The thickies who believe his rubbish are more of an issue. They hear the lies and still vote anc.That is thick

      mike.clery - 2012-03-04 18:16

      He's interesting because he's managed to demonstrate that, in South Africa at least, you can get people to believe anything that they themselves WANT to believe, regardless of the facts. His supporters (the ones that aren't getting handouts from him) continue to believe that he's actually concerned about them, when all the evidence points to his using their support to enrich himself.

      Alex - 2012-03-04 20:00

      Blessed he is (was) important because he held a position of power and influence. He used his power to spread hate and make promises to people who are desperate and in need, to enrich himself. He was a representative of South African youth and was meant to help them, understand them and fight for them. He used his power incorrectly and enriched only himself and not those who needed him. He rallied support for and influenced who our president would be and thus influenced South Africa's political future. He gained his power through the failings of the ANC. He appeared to care about those who are suffering and offered "solutions" to their desperate situation when the government offered nothing, ignored their suffering and were entirely absent as leaders. He had the power to do so much good, instead he misused his power, manipulated, lied and took advantage of those he should have helped and went shopping at Gucci instead.

      Sally Lewitt - 2012-03-04 23:56

      OMG.. and another blessed person is brainwashed! Eish!

  • Juan - 2012-03-04 17:12

    All I can think of saying is, Malemarse PAPPA WAG VIR JOU

  • Julie - 2012-03-04 17:50

    We have to admit, at the age of 31 he has provided well for himself!

      Sally Lewitt - 2012-03-05 00:22

      Believe me he won't have a cent when he has to actually PAY his tax evasion penalties, lawyers and body guards (as I am sure he WILL be needing them very soon) unless he declares bankruptcy and gets tossed into jail for major fraud and corruption like most fraudsters should be.. IDIOT! Do your calculations and take note HOW many people could be fed and clothed with the money he STOLE, that have nothing and go to sleep hungry while fat boy was growing at a rapid rate.. He should loose weight once he sits in jail, no 5 stars there! HA!

  • willem.wulfse - 2012-03-04 17:51

    If you don't tell I won't tell. Nothing will come of the so called 'tax evasion' investigation. The whole gang (ANC) has their hands in the till.

      TaniaSandraSteyn - 2012-03-04 23:45

      Yip. It is a classic case of "The plot calling the kettle black".

  • Keith - 2012-03-04 17:58

    Focus on the issue guys-this is not a white/black debate.This is really an eye opener to many. Don't enrich yourself to the detriment of the masses.It will be revealed soon and the masses will turn against you.Let this be a warning.

  • Gordon - 2012-03-04 18:01

    I am an American writing this, I have commented on previous Malema stories, and I converted 3.5 million rand into US dollars and it comes out to be $466,000 of our currency which is considered well off but not rich rich. If Malema was in The US and his salary was 3.5 million in US currency, that would be 26 million rand. So in the US he would just be on a normal salary, and not on a super pay roll. In our nation, the highest earners make about 100 million USD or 752 million rand a year in compensation. However to some people in our nation, 3.5 million rand or 466,000 USD is a lot.

      Anne-Marie Botha Lanigan - 2012-03-04 18:06

      And your point is??? He is not in America or earning a US salary. That is as good as comparing a salary in Zimbabwe to one in the UK

      Lynda - 2012-03-04 18:09

      Believe me Gordon to about 99.999% of this country that is a very high salary indeed and I agree you have a lot of very wealthy people in America, we don't!

      Somikazi Veronica Pita - 2012-03-04 18:10

      And your point is????#confused for dayzzzzzzzz

      pws69 - 2012-03-04 18:12

      $466,000 is NOT a normal salary in the USA. Who are you trying to fool? I'm a South African and I know more about your country than you seem to know. A normal salary is in the range of $35,000 to $50,000 a year. The TOP IT guys earn around $80,000 and that is considered good. The key point you are missing is EARNED. But the most important point I can make about your comment is this one: Any nation that happily bails out their criminal banks to the tune of over $4 TRILLION in TAXPAYERS money without question, and smile about it also DON'T deserve the vote. Like Forrest Gump said, stupid is as stupid does. Further to that, tell me how Kenneth Lay "earned' his $250 million "salary when Enron was already bankrupt. Ditto Kenneth Lay, and hundreds of others. I'll revise my opinion when Ron Paul is elected President.

      Gordon - 2012-03-04 18:13

      my point is that he is significantly underpaid, and though you view him as having a high salary, he would not be viewed as rich as you view him in the US, in fact some people would think he would be significantly i=underpaid

      pws69 - 2012-03-04 18:17

      Gordon, you are just a troll. You have no validity, your claims are a joke when it comes to average salaries in the USA. A quick look at www.nationmaster.com proves just how dishonest you are. You have no point, you are an oxygen thief.

      sefeddt - 2012-03-04 18:21

      @Gordon Are you for real - underpaid ??. Malema has a barely passed F class matric, has NEVER had a proper job, yet earns the same income as top banking and construction CEO's. What exactly is his job.

      Mark Becky Neuhoff - 2012-03-04 18:27

      well to the american man. i earn less than eleven thousand a year. dont you want to send me some dollars

      mike.clery - 2012-03-04 18:29

      I don't know which America you're talking about. The big one that we know of has an average income of USD46500 pa, one tenth of Malema's. You can buy two houses for cash (based on US average prices) for USD466000. USD466000 is a LOT of money to >95% of Americans.

      Gordon - 2012-03-04 18:30

      to pws69, $80,00 isn't good, the average salary is $40,000 however there are millions of people with six figure salaries and seven figure salaries, and the wall street banks were bailed out for the reasons of yes, so there wouldn't be a economic catastrophe. And yes believe be, if the banks in New york weren't bailed out then the entire world would be in trouble, including South Africa. And Kenneth Lay's money was in investment accounts, and yes he is in trouble, and in court.

      Gordon - 2012-03-04 18:40

      to mike clery, due to the economy housing prices are down, so the average USA house price 0f around $200,000 and the economy is coming back so those are going up......plus malema would have to get a mortgage because don't forget about taxes

      pws69 - 2012-03-04 18:47

      Gordon, You claimed $466,000 is NOT a lot of money in the USA. Let analyse that claim: Median HOUSEHOLD income 2006-2010 $51,914 (My Note: if both partners work, halve that amount in salary per person) Source: US census. Aw gee whizz gosh darnit. Will SOMEONE (maybe you Gordon) tell almost the entire US population they are earning around 9 TIMES less than they should be. The Bail out was specifically designed to STIMULATE the economy, by providing LOANS to small business and big. What ACTUALLY happened? Money used to invest offshore to make massive profits, the US government eventually had to bail out GM directly, and Joe Soap got NOTHING. The end result? FOUR banks now control 77% of the US economy and to date Bernake STILL cannot explain where it went. I can, as a former Goldman Sachs man, he made SURE that they made the money. Oh, and as an aside, if the money had been spent CORRECTLY (i.e. let the big banks fail, and use the money for depositors) you wouldn't have the $4 TRILLION hole. But the funniest part of the whole fiasco was the fact that this went against the VERY Capitalist ideals of the USA. The USA has 5 years left. The ONLY reason it didn't crash completely is because the dollar is the world reserve currency, and that is changing. When it does - KABOOM. Can't wait. Oh, and since South Africa was NOT invested in your toxic derivatives, had you crashed, we, and a whole host of other nations would have been STRONGER.

      Gordon - 2012-03-04 18:53

      to pws69, South Africa invests in nations that invest in the US.... so yes they would have crashed...... and the US is bouncing back, and the quality of life is a lot better than China, and we are starting to make a comeback....

      Nigel - 2012-03-04 18:53

      what are you dong on News24, twat!!!!

      Juan - 2012-03-04 18:56

      @gordon you are not too bright are you? The 3 million is not money he earned, it was STOLEN. And what is so special about him that he should be earning more than the CEO of a well known investment firm? Even if he happened to have made any positive contrabution to the anc's youth league whatsoever.

      Gordon - 2012-03-04 18:56

      and right now the US has triple the GDP as China, and China has the bigger population. The Salary is also ten times more. And according to charts, the gap difference isn't changing.........may i also remind you that the US is the largest consumer of chinese products, and is the one who boosted the Chinese economy.

      pws69 - 2012-03-04 19:03

      The problem with yanks, Gordon, is they live in this little cocoon, and think the world revolves around them. It is NOT the case, contrary to popular belief. China and Japan would have suffered the most, almost everyone else would have quickly regrouped - WITHOUT the USA. Heard of BRICS? Mmm. Your biggest industries are all in the toilet. You rely on criminal banking, credit, and services to survive. The criminal bankers provided the most, and therefore need to be "saved". But at what cost? Every single living American owes over $19,000 in debt. Obama took over at $11 TRILLION in debt, it is now over $14 TRILLION. Some bounce back. If the dollar was not the world reserve currency, you would be in the same hole as Zimbabwe inflation wise. You cannot continue to indiscriminately print money without some underlying support (currently reserve current status) of it. I still find it hilarious that this South African knows more about your country than you do. None so blind as those who refuse to see.

      Gordon - 2012-03-04 19:07

      @juan, he makes more than a ceo of South African firm, but the US firm CEOs make about 500 times what he does if you adjust his salary in us dollars. And in the US, your common doctors and lawyers and common businessmen make double triple and even quardipual what he make, so I'm just saying you his "stolen money" is not some special amount and low level criminals in the US can make more than him.

      Simon - 2012-03-04 19:11

      Gordon (is a moron), Kenneth Lay in court? He died in 2006. Clearly you are NOT american or possess anymore brain cells than this Malema idiot.

      Gordon - 2012-03-04 19:17

      i am sorry i did not read up on Ken Lay, i just assumed since from the last news i heard of him.

      Simon - 2012-03-04 19:43

      Gordon just admit it, you are not american, or in america, you are virtually illiterate, know nothing of average US salaries and the fact that you did not know Kenneth Lay is dead is living proof that you are a south african trying to defend Malemas "earnings". ANCYL member by any chance?

      Alex - 2012-03-04 20:22

      Gosh Gordon, I feel so stupid! All this time I thought this was happening in Africa and not America. I honestly thought this was the situation in a 3rd world country and not the world's superpower. I am shocked at my ignorance, thinking this was happening in a country where the majority of people dream of earning something even marginally close to a $1000 a month. America is seriously the "land of the free" where people aren't even obliged by law to declare their earnings and influence government tenders based on who gives the best "gift" I suddenly feel so sorry for Malema, having to convert this R3 million into dollars and somehow manage to live! Thank you for changing my perspective on this situation and drawing attention to the fact that I was actually mistaking an American politician for a South African one! Are you able to point out South Africa out on a map? And that South Africa is a country and not an area where the of Country of Johannesburg is situated?

      nthabiseng.priklopil - 2012-03-04 21:01

      I am enjoying this! Keep them coming. Lol

      Scouter - 2012-03-04 21:35

      Gordon, those of us who have spent time in America know that your uneducated utterances amount to absolute nonsense. You clearly know nothing about the subject other than where you might find America on a world map - although that presumption might be affording you undue credit.

      Sally Lewitt - 2012-03-04 23:08

      Me thinks Gordon and JM and cut from the same cloth as both seem to BS without blinking. Pws69, much respect for your valid and accurate comments and if you were running for President I shall cast my vote in a heart beat! @Gordon, BUTT out of our politics as you are totally clueless and out of touch with reality, your OWN and OURS and you are clearly an idiot with a capital "I"

      Sally Lewitt - 2012-03-04 23:37

      @Gordon, I lived and worked in the US of A for ten years and I thank the gods I no longer live there, BUT YOU are NOT an American as your wording AND phrasing are not in line with US of A speaking people! Are you sure you're not related to our infamous JuliASS?

      Gordon - 2012-03-05 02:14

      to pws 69 and all, I am promptly an American, and I will give you any proof you wish, that I am. My spelling is bad because i am rushing through this, and i feel I'm wasting my time here. Oh and just to let you know I am 14. Yah thats right 14. So I haven't studied every single god damn thing about my country, but my family went to very good colleges, and I am the champion of the geography bee, as well as a historian. And I have been blogging these statements with out researching, and I have been known to say stuff without thinking through it clearly. However although you are trashing the US, look at any list and graph in the world, even if the list is not created by a US citizens, and it still shows the US has the biggest economy, the strongest military, and the best education. After all why do when we go to war Britain and France and the EU come with us. Every single war. Iraq. Afghanistan. Why is China still concurred about the US,(they did not protest when the US moved marines into south east asia recently), why is the US the only nation with military bases around the globe, and we still have the best space program, and a world leader in nuclear weapons. We are also a example of a free republic, since people can say something without getting arrested or prosecuted. And we have a constitution that we always follow. The economic catastrophe, was a world problem, not a US problem.

      Gordon - 2012-03-05 02:18

      oh and south africa has a much lower gdp(economy) and much higher unemployment rate than the US, just saw that on Bloomberg.

      Gordon - 2012-03-05 02:28

      also the US houses the worlds largest companies so when you SA was still in apartheid, companies IBM and Coca Cola boycotted it, and it worsened SAs economy heavily. And it just so happens that SA cooperated with the US in Iraq, maybe not by sending troops but in other ways. And in the US there are certain places you don't want to live, Sally levit, after all the US houses the most diverse and geographically diverse climate and population in the world. We are the only nation with artic conditions, and then tropical conditions. as well desert and arid, and temperate. So you have any taste, somewhere in the US will fit you.

      Gordon - 2012-03-05 02:36

      Also The US will always be a large economy, since it is the home of the headquarters of the biggest companies and industries. The electronics industry, finance, oil, and the worlds leading industries' companies are headquartered in the US.

      Gordon - 2012-03-05 02:40

      and you may not listen to me because I am a teen, but my evidence is being supported by cold hard facts.

      Gordon - 2012-03-05 03:13

      and the fact of the matter is....... i admit where you can see my ignorance in this...... I did not see the point of view from the perks making under $466,000(malemas us adjusted salary) or 3.5 million rand but from the point of view of 7.5 million rand and 30 million rand( the annual income(dollar to rand adjusted) of undisclosed family members)

      Roger - 2012-03-05 05:50

      @ Gordon: I'm an American who's lived in South Africa for over 12 years and here this is a very large fortune.

      gbbfg - 2012-03-05 08:51

      Gordon, you remind me of the people trying to take control of this country. Completely deluded. Maybe you should take a closer look at the vast majority of Americans before studying another country. You are as disconnected from the average American as you are from our situation. If you've done well for yourself, congratulations. You are a tiny, tiny minority. The sooner you realise this, the better. The number of people with that much money in this country is so tiny, it could be seen as irrelevant. Unfortunately, the ANC voting public don't realise this. They think we all have millions stashed under our car seats. When I tell a beggar at a traffic light I don't have anything for him, he swears at me. But I don't have anything to give to him. I'm wishing the light would turn green so I can get to my next meeting before running out. I don't blame them either. This is where the true evil of Julius Malema comes in. The majority of voters don't have access to education or information, all they have is this moron spewing his filth over a megaphone, while handing out some free clothing. Your comparison is irrelevant anyway, how can you compare the USA with South Africa? Your facts and aparent perception of money are also typically American: ignorant.

      Eduard - 2012-03-05 09:08

      Gordon, you must be a sleeping chop How much does your president get.....$400,000 right? Anyway, SA view Malema as a sh*t stirring little racist thug. Sorry to spill the beans. Nothing more. However he gets the money and then plead "I am poor" and also campaign to destroy things that work....is is over paid. R3m in SA is a lot of money. In the USA it is a lot of money...as I am aware an average salary in the US is around $70-140k...i might stand to correction here, but not far off the park.

      Paula - 2012-03-05 09:16

      Well this is South Africa pumpkin not America...Our trends and cost of living,and currency etc happens to be different leadership as well......stop wasting your time comparing a very resourceful country to a very small african country....

      Alex - 2012-03-05 12:31

      Gordon. Of course the US economy is larger. The US has about 320 million people, South Africa, in comparison, has about 50 million. Larger market - larger demand - larger economy. America is a world Super power, a 1st world country. South Africa is a 3rd world country which massive problems of unemployment and poverty. You cannot compare South Africa to the US in any way! You government structure is totally different, your constitution is much older, as is your democracy. As I commented on another comment of yours It was never stated that his salary was 3 million a year. In fact, the only reference to his salary in the articles is that he most likely earns less the R 50 000 a month. The R3 million was the amount of money moved in and out of The trust last year. This was comprised mostly of cash deposits. This is not a discussion regarding his salary, it is a discussion regarding R3 million over and above his salary, believed to be a direct result of bribery and corruption. It is unaccounted for earnings. And if it were his salary, as a political figure in a country where most of the population is living below the poverty line, it would be a sinful amount to earn.

      Sally Lewitt - 2012-03-06 03:58

      @ Gordon. FYI. SA has 6 out of the 7 of the habitats found in the whole of Africa, the most beautiful country in the world in my eyes and would never leave her, warts and all!! Our country is NOT for "sissy's", one has "balls", be tough and strong to survive here. Perhaps you should do yourself a favour, come here as an exchange student and experience a TRUE culture shock and eye opener to get a different perspective entirely on "how" the world really works. Please leave your pacifier and diapers at "home" and all preconceived "ideas" that may have been impregnated by lectures or books written by dodgy characters.. Learn to LIVE!

  • Mpho Matlala - 2012-03-04 18:16

    @Kevin, you truly are the kind of people we need in SA. Good going my man. You go a long way into helping out. I honestly don't know what's worse than the likes of you. Treat people equally mate till you actually know them an can make an informed judgment.

  • Michele - 2012-03-04 18:31

    How long do these investigations actually have to take? I mean really WTF. You could conclude them within a week.

      Alex - 2012-03-04 20:30

      Perhaps gathering ALL the evidence, substantiating this evidence, understanding the extent of the situation, developing a water-tight case so no mistakes or incorrect information result in the case being thrown out, is necessary and part of due process here? But of course I could just be making a wild assumption and massive criminal and corruption cases only takes as kong as a 40 hour work week....

  • Sadrick Lottering - 2012-03-04 19:26

    New money doesn't mean you are rich. Go look at what he spend the money on. There's a vast difference between being rich and journeying through a live of luxury. The blackchild for now is not rich, yet! Living a dream polluted by observation is not richess. The media turns it, Malema's live, into a devilish act; when it is only a journey the blackchild ought to know, this all to give birth to economicaly emancipated leader. The very same leaders we won't get to associate with corruption and at the same time defeat the image of a blackman being portrayed as a croock. Then again this is not the kinda thinking that's common and the commoners will by default discard it, but who cares! Juju, i was not defending you bro, but just stating a simple and unortodox fact.

  • Sadrick Lottering - 2012-03-04 19:27

    New money doesn't mean you are rich. Go look at what he spend the money on. There's a vast difference between being rich and journeying through a live of luxury. The blackchild for now is not rich, yet! Living a dream polluted by observation is not richess. The media turns it, Malema's live, into a devilish act; when it is only a journey the blackchild ought to know, this all to give birth to economicaly emancipated leader. The very same leaders we won't get to associate with corruption and at the same time defeat the image of a blackman being portrayed as a croock. Then again this is not the kinda thinking that's common and the commoners will by default discard it, but who cares! Juju, i was not defending you bro, but just stating a simple and unortodox fact.

  • Steve - 2012-03-04 19:29

    TIME TO BOYCOTT " Gucci clothing and the five-star Twelve Apostles hotel in Cape Town."

  • EmperorNemisis - 2012-03-04 19:44

    I swear that he is in all probability one of the dumbest people alive! He thought to himself, I will help these comrades get the tenders, and then supply them with my banking details so that the money goes into my account. Idiot! Things like this, you do cash! Keep it out of a bank, but don't explain that to the only person in SA who would rather take his own life than commit suicide!

  • cavan.warren - 2012-03-04 20:22

    "Lets all sing to the death of a clown" South Africans must be proud that expose's are still taking place, not so in good old Zimbabwe.

  • braamc - 2012-03-04 20:48

    Dear administrator It seems like you keep on deleting my valuable comments, why?

  • danie.dewaal - 2012-03-04 20:48

    Is Malema a REVOLUTIONARY or and ENEMY OF THE PEOPLE?

      Paula - 2012-03-05 09:21

      Haai wena Danie you rasies..your bloody agent ...you baas ted..LOL a good couple malema phrases that will have us rolling for along time...The only ass in this whole mess is himself...Then again his the mess himself....

  • bradlesliect - 2012-03-04 21:16

    if this dude goes to jail it will be a miracle...BUT...if he does, let it be the one where he is going to be screwed the most. Should give him an teenie idea of what he has been doing to the unsuspecting, the helpless and those who actually believed in him...and then...he'll also get out on some medical parole thing. Wonder what happened to the bunkers he was building?

  • Wendy - 2012-03-04 21:28

    I do hope that all the people who have enabled Malema, his accountants and lawyers who have set up his trust and his shell companies are also being investigated. This country has laws - how does someone who is stupid enough to think that stealing election posters is a genuine contribution to the struggle manage to get away with 'earning' this kind of money with no contribution whatsoever to the economy?

  • Emily-Jane Elson - 2012-03-04 21:29

    "With his options of remaining in the ANC running out.." WTF?? No in between - he's out or in!! If any "normal" person was caught doing this shxt, we'd be locked up, no excuses, in no time.

  • Neville - 2012-03-04 21:55

    And you say he is fighting for the poor , he is stealing from the poor

  • Andile Oscar Mtshiselwa - 2012-03-04 22:33

    Seems like this Boy is in bigger troubles than we Expected. Thieves do not operate for long without being caught.

  • inwardk - 2012-03-04 22:44

    The less I read about Mr Fancy-Pants the better

  • karen.cigana - 2012-03-04 23:11

    Strange! Very few comments from Malema's tjotsi followers, on this article?

  • TaniaSandraSteyn - 2012-03-05 00:42

    A classic example of "The plot calling the kettle black".

  • Gordon - 2012-03-05 02:38

    and you may not listen to me because I am a teen, but my evidence is being supported by cold, hard facts.

  • brionyl.french - 2012-03-05 05:28

    he just upset now that he wont be able to continue conning people out of their money. this man needs a long prison sentence

  • Sariena - 2012-03-05 07:17

    Oom Kriel is gerook en gespook.

  • Mzamo - 2012-03-05 08:24

    How do journalists get hold of information on the bank statements of an individual? Its interesting that Hawks and SARS are investigating but journalists also have access to that info.... Mhhh..., what about confidentiality???

  • Dexter - 2012-03-05 08:30

    Cant wait to see this A-hole behind bars

  • Francesco - 2012-03-05 08:54

    Hes not that stupid. Lets find the angle: Malema starts his own party +- 30% of the poor unintelegent follow him ANC forms an alliance with him He is back in the anc and no-one can touch him, as he is the president of his own party Watch that space

  • Mpho - 2012-03-05 09:08

    Then someone will say i am persecuted...and pitty to all South Africans who are still saying lets support....

  • Paula - 2012-03-05 09:12

    RIP Malema

  • William - 2012-03-05 09:15

    What a complete hipocrite!!!! Mr Malema, champion of the poor!!! He lives like a King and enjoys all the trappings of capitalism!!! I hope he goes down, I am sure he will be well looked after in jail, and that orange prizon garb will look good on him. Good riddance to bad rubbish!!

  • Thandi - 2012-03-05 10:11

    A fool and his money are soon parted.

  • Philile - 2012-03-05 10:25

    @Gordon please get it right this is not USA, you do not need to brag about your fancy country this is our(South African)concern. we do not need to know how much your ceo's/coo's earn, this guy we're talking about he steals from the poor that $4 666,000

  • Philile - 2012-03-05 10:28

    And Gordon we did not go to USA to complain in dollars we're here in South Africa complaining in Rands!!

  • Philile - 2012-03-05 10:36

    @Gordon and please do not insult the forteen year olds, please do not hide with you thumb. you're just a dumb local guy!! LOOSER!!