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  • Malema’s Panic Room

    18 Jul 2011 by Andrew Gould in Crime, Politics
    Malema's Panic Room
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    According to DA MP, Dianne Kohler Barnard, Malema has been up to his old tricks again, this time by building a massive house in one of the flash suburbs of Joburg:

    I will be writing a letter asking for an investigation into his finances. The time has come. It is inconceivable that someone who claims to live on a R25000 salary from one of the ANC bodies can get a bank loan for 16 million Rand.

    One needs an investigation into where the money is coming from. If someone is handing out money to him we need to know who it is.

    According to the Sunday Independent, Malema has leveled a property he bought in Sandown in 2009. In its place he is building a multi-story bachelor-pad, complete with party deck and an “underground bunker”, for when his members come to re-distribute some wealth.

    The DA says that this shows that Malema has no confidence in the government’s ability to effectively fight crime. On this one I’m totally with Malema. I’d have a panic room too if I could have one. At least he’s in touch with how serious crime really is, and he should be, he’s leading the charge.

    [Source : fin24]

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    • http://URL Beau

      I’m no mathematician, but according to FNB’s finance calculator, you’d need to repay R143 956.15 per month over 20 years to repay a R16mil home loan. To qualify you’d also need to earn at least R 479 853.84pm (Gross) – excluding the old R3.6m home, his cars and a R250k Breitling on his wrist, this could have probably been investigated a bit earlier..

    • http://URL HeinrichVenter

      Panic room for what? For when he’s nationalised everything and things go to shit?

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