News / Africa
Malema's to lose another house
11 Jul 2013 at 06:21hrs | Views
Former ANC Youth League leader Julius Malema will lose another property when his house in Flora Park, Polokwane, goes under the hammer in two weeks' time, The Sowetan reported.
Auctioneer Aaggie Stroh, of Eli Stroh Properties, said the house was expected to raise between R1 million and R1.5m.
"I can confirm that Malema's house at 23 Mopani Street at Flora Park will be on auction on July 23."
He said the house was "very nice and clean" but the economic climate could affect its value.
The SA Revenue Service (Sars) has attached properties owned by Malema in order to recoup R16m he owes.
His household goods were sold for R54,000 in February and in mid-May his incomplete mansion was sold for R5.9m, R2.3m more than he paid for it in 2009.
In June a farm belonging to him was sold for R2.5m.
Stroh was unable to confirm whether another house of Malema's in Seshego, Polokwane, where his grandmother lives, would also come up for auction.
Malema is expected to launch his new political party, the Economic Freedom Fighters, at Constitution Hill later on Thursday.
Auctioneer Aaggie Stroh, of Eli Stroh Properties, said the house was expected to raise between R1 million and R1.5m.
"I can confirm that Malema's house at 23 Mopani Street at Flora Park will be on auction on July 23."
He said the house was "very nice and clean" but the economic climate could affect its value.
His household goods were sold for R54,000 in February and in mid-May his incomplete mansion was sold for R5.9m, R2.3m more than he paid for it in 2009.
In June a farm belonging to him was sold for R2.5m.
Stroh was unable to confirm whether another house of Malema's in Seshego, Polokwane, where his grandmother lives, would also come up for auction.
Malema is expected to launch his new political party, the Economic Freedom Fighters, at Constitution Hill later on Thursday.
Source - sowetan
