Malema’s valuables missing

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AFP

Former ANC Youth League president Julius Malema.

As the valuables of expelled ANC Youth League president Julius Malema go on auction this week, there is still no sign of the expensive watches, designer clothing and finer things that were part and parcel of the lavish lifestyle that the politician once enjoyed.

At the end of January, the valuables were removed from the Sandown home which Malema was renting to be auctioned off in a bid to pay his R16 million tax bill.

But the list – seen by The Sunday Independent – is purely made up of household valuables, and the R250 000 Breitling watch that Malema sported in the past and the Gucci suits are nowhere to be seen.

Last week The Sunday Independent reported how the taxman had asked the Pretoria High Court for a preservation order of Malema’s assets after he tried to hide his valuables from Sars.

According to the court papers, some of the assets that had been attached at his Polokwane home in Florapark in January could not be found when the sheriff attempted to remove the goods. The items from Malema’s Florapark home were auctioned off for a paltry R54 810. Sars has also applied for Malema to be placed under curatorship, following its application to place him under sequestration earlier this year. Called yesterday, Malema did not wish to comment.

The most valuable item on the list is Malema’s black Viano Mercedes CDI30. Other items that will go under the hammer in Midrand include two coffee tables – one with a glass top and the other in a nest of three – a rug, an air conditioner, a mirror, two umbrellas, a lawnmower, an edge cutter and a heater.

A painting has been listed among goods to be auctioned with seven lounge and dining room suites.

 

From Malema’s kitchen, auctioneers will be able to choose from an LG fridge, a Samsung fridge freezer, a Samsung microwave and a food warmer. Malema’s entertainment collection includes two TVs – a Sony and a Samsung – with TV stands, two Harman Kardon DVD players, two amplifiers, a set of deejaying CDJs and a professional sound mixer with headphones.

Last year a forensic report by audit firm PwC revealed how Malema splurged almost R380 000 on designer clothes – including R291 000 on clothes at an Italian boutique and more than R31 000 on Louis Vuitton.

The report was used by the Asset Forfeiture Unit to obtain an order on a R4m farm in Limpopo owned by Gwama Properties, a company owned by Malema’s On-Point business partner Lesiba Gwangwa.

The order prevents Gwangwa from selling the property pending the finalisation of the asset forfeiture case.

Sars spokesman Adrian Lackay said it was involved in litigation to have Malema sequestrated, and so it would be inappropriate to make public statements on any aspects relating to the matter. - The Sunday Independent


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