News / Africa
Malema's mansion to be auctioned again
10 Nov 2013 at 08:55hrs |
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Pretoria - Julius Malema's half-built Sandton mansion is set to go under the hammer for the second time later this month in a bid to pay off his R16m tax bill.
According to the Sunday Independent, November will be a tough month for Malema, the former ANC Youth League leader, who is also set to appear in court in Polokwane on charges of fraud, money laundering and racketeering.
In May, businessman Norman Tloubatla outbid several fellow bidders at the auction and successfully put in a R5.9m bid for the property, which Malema purchased for R3.6m three years earlier. The property has an estimated value of R7.1m.
In May, businessman Norman Tloubatla outbid several fellow bidders at the auction and successfully put in a R5.9m bid for the property, which Malema purchased for R3.6m three years earlier. The property has an estimated value of R7.1m.
Source - News24 | Sunday Independent
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