Malema lives large on R20k pay

2010-02-19 13:05

ANC Youth League president Julius Malema owns two houses worth

about R5 million and cars worth R1.2 million, on an alleged salary of R20 000 a


The Star newspaper today reported that Malema bought a

three-bedroom property in Sandown, Johannesburg north, for R3.6 million in


He has another property in Polokwane for which he paid

R1 million.

The report said the Sandown property was luxurious, with three

bedrooms, an office, a TV room, a lounge, a pool and a large garden. It was here

where Malema entertained guests at a house-warming party last year which hit

headlines after a police reservist said he was assaulted by the youth league

leader. This was after neighbours had complained about the unbearable


Guests, it was reported, were entertained by DJ Oskido from YFM and

drank Johnnie Walker Gold Label whisky, which costs about R700 a bottle, and

Moët et Chandon French Champagne.

When approached for comment by The Star, Malema reacted angrily.

“You and your husband and your family – that’s who you need to write about. You

go away, just go away.”

The youth league spokesperson Floyd Shivambu said the paper was

being nonsensical. “I think you need to rethink what you are doing. What

business is this of yours? How dare you call me and ask for comment on


The report quotes sources in the league who place Malema’s salary

at about R20?000 per month.

As the transfer of his Sandown property went through, Malema went

to a press conference wearing a Gucci suit and a Breitling watch worth about

R250 000.

He also owns a black Mercedes-Benz AMG, which retails at R734 000,

and reportedly drives an Aston Martin and a red Range Rover Sport.

He attended a Wits University lecture yesterday in a brand-new

white Range Rover – with no number plates – which sells for R1.2 million.

The controversial youth league president, who is spearheading

efforts for the nationalisation of South African mines, is the director of four

companies according to the report: 101 Junjus Trading CC, Blue Nightingale

Trading 61, Ever Roaring Investment and SGL Engineering Projects.

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