The Coffers Run Dry: Construction Of Julius Malema’s Sandton Home Halted

13 Apr 2012 by Jasmine Stone in Julius Malema

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Julius Malema’s fall from the graces of his ANC handlers seems to have eroded much more than his political riches.

Last year reports surfaced that Malema had elected to construct a new house in the upmarket Johanneburg suburb of Sandton.

Beeld newspaper reported that Malema was allegedly unable to settle debt of R400 000 owed to his building contractor at the end of March, after which the company decided to transfer its workers to another project in Bedfordview.

And the dogs can smell blood. SARS has also launched an investigation into Malema’s financial affairs following the irregularities of payments during construction

Malema bought the property in September 2009 for R3.6m, then demolished it to make way for a new three-storey home with an underground parking garage.

Your move, Julius.

[Source: Beeld]

• ← Update: SARS Requires South Africans Abroad To Declare Their Income
• J.K. Rowling Reveals Name, Plot Details Of New Book →

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