Malema mansion buyer broke

JOHANNESBURG - The man who bought the Sandton mansion that belonged to former ANC Youth League leader Julius Malema has forfeited his R1m deposit after failing to come up with the balance of R5,9 million that he had promised at the auction four months ago.

According to reports, Gauteng businessman Norman Tloubatla has been forced to cancel the bid for the half-built house.

Sars spokesperson Adrian Lackay confirmed the bid for the property was cancelled and that the house will go on sale again later this year.

Malema’s lawyer Tumi Mokwena said he had not been informed of the problem.

The R5,9m sale would have resulted in a massive reduction of the R16 million tax bill that Malema owes Sars.

In May, Tloubatla outbid several fellow bidders at the auction and successfully put in a R5,9 million bid for the property, which Malema purchased for R3,6 million three years earlier.

The property has an estimated value of R7,1 million.

Malema, is the leader of the Economic Freedom Fighters political movement, which he founded in July 2013.
He was a member of the ANC until his expulsion from the party in April 2012.

According to Wikipedia, Malema occupies a notably controversial position in South African public and political life; having risen to prominence with his support for African National Congress president, and later President of South Africa, Jacob Zuma.

The 32-year-old was convicted of hate speech in March 2010 and again in September 2011.

In November 2011, he was found guilty of sowing divisions within the ANC and, in conjunction with his two-year suspended sentence in May 2010, was suspended from the party for five years.

Last year, he was charged with fraud and money laundering.

Malema appeared before the Polokwane Magistrates’ Courts in November 2012 to face these charges, plus an additional charge of racketeering.

The case was postponed to 23 April 2013, and then to 20 June.

The State has proposed the trial date be set for November 18 to 29, 2013.
 

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