Malema’s assets up for auction

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iol pic sa si sad Malema Tiro Ramatlhatse Julius Malemas finances are in discord as his furniture, including sound systems and a grand piano are being sold off. Picture: Tiro Ramatlhatse

 

Julius Malema’s grand piano, wine cabinet, four fridges and other household goods will go under the hammer in the next two weeks. The former youth league leader’s possessions were advertised in a legal notice for an auction in a Limpopo newspaper on Thursday.

At least 31 household items will be sold in execution at the offices of the Sheriff of the High Court in Polokwane. This follows a judgment granted to the commissioner of Sars by the Pretoria High Court on September 11 last year.

During his heyday as ANC Youth League leader, Malema’s life was characterised by extravagance.

Malema and his attorney could not be reached for comment yesterday.

It is not clear when his homes and cars that were attached will also be auctioned off.

Malema’s troubles with the taxman deepened when he failed to pay the R16 million he owes. He begged for a compromise, but four months later the taxman went for the kill, removing his assets and taking possession of his houses.

Sars applied to the Pretoria High Court to have Malema sequestrated, to probe if he is hiding assets. His immovable properties, including a house in Sandton, one in Polokwane and a Sckuilkraal farm, were attached.

Last week’s public notice indicated that the goods would be sold to the highest bidder. But the notice did not say if Malema’s houses would be auctioned on the same day.

Malema may still have a bond on his Polokwane and Sandton properties, so Sars will have to consider other creditors such as banks before auctioning them.

Sars has also applied for Malema’s sequestration, believing he could still be earning income from undeclared sources or third parties.

Malema is opposing the application and the decision is expected to be made on February 27.

He is also facing criminal charges linked to his and his family trust’s business dealings with some Limpopo business people and the government.

He and his co-accused are due to appear in court in April.

The Sunday Independent understands that top government officials could join Malema in the dock soon.

It is understood that some of Malema’s business allies sold him out during an in-camera judicial tax inquiry, while his alleged failure - according to two sources close to his financial situation – to disclose the true source and extent of his wealth was the final torpedo that sank him.

Malema’s political star faded when the ANC’s conference in Mangaung returned his nemesis, President Jacob Zuma, for the second term. This was after Malema told his supporters that Zuma was not suitable to lead the ANC and South Africa.

He has confessed to City Press that some of his friends are not returning his calls and are treating him like a leper.

On his cellphone voice mail, Malema states: “Some of our former friends are now vacillating, withdrawing and bowing before the enemy. We shall never do that. For before victory is certain, we shall not be overcome.”

- List of items to be auctioned off

1. Seven-piece dining room suite

2. Eurogrand piano

3. Wall mirror

4. Wall painting

5. Heater

 

6. Wine cabinet

7. Cabinet

 

8. Table and four chairs

9. Samsung microwave oven

10. Coffee table

11. LG television

12. Flower table

13. Two easy chairs

14. Two-seater couch

15. Samsung fridge

16. Dressing table

17. Mirror

18. Carpet

19. LG television

20. Samsung DVD

21. DVD player

22. Dressing table

23. Two two-seater couches

24. KIC chest freezer

25. Kelvinator bar fridge

26. Kelvinator bar fridge

27. Coffee table

28. Two Pioneer CD players

29. VMX sound mixer

30. Six plastic chairs

31. Seven-seater cane garden set - Sunday Independent



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