-
Remember The Guy Who Bought Malema’s Mansion? He Can’t Afford It And Has Forfeited The R1 Million Deposit
03 Sep 2013 by Jasmine Stone in Money, Real Estate
This guy, Norman Tloubatla, bid R5.9 million on a house, nay, mansion, that he can’t afford. Not just anyone’s mansion, the former leader of the ANCYL and leader of the EFF, Julius Malema’s mansion.
Julius was forced to sell the property he bought for R3.6 million three years ago because of the hefty R16 million tax bill he owes to Sars. Mr. Tloubatla successfully outbid several others to land the half-built house for a little over a million under its estimated worth. Super excited as he was, he slapped down a R1 million deposit and started looking forward to a lavish lifestyle living in the mansion. Too bad he didn’t talk to his financial manager about it first. Four months after he won the bid he’s had to cancel it and forfeit the deposit due to lack of funds.
The house will go on sale (again) later this year.
Seriously, who are these people?
[Source : News24]
Latest News
-
Fancy Your Best Friend’s Partner? There’s A Psychological Reason For It
[imagesource:befunky] If you ever found yourself in the same loveboat as Rick Springfie...
-
‘Hey, Soul Sister’ – The Multi-Grammy Award-Winning Band Train Is Heading To South Africa For The First Time Ever [Video]
[imagesource:breakoutevents] You're going to want to hop onto this train ASAP. For t...
-
Metallica Releases Blackened Whiskey As Part Of Their Master Of Whiskey Series
[imagesource:blackenedwhiskeys] This whiskey can help you ride the lightning. Metallica ...
-
This Young South African’s Rendition Of ‘I Feel Good’ Is Making Everyone Feel Good, Even Wayne Brady [Video]
[imagesource:flickr] A South African schoolboy has gone viral for his "feel good" vibes...
-
James Bond Was Nearly Named “Rodney” By Sir Ian Flemming
[imagesource:greekreporter] Bond, Rodney Bond. Doesn't quite have the same feel to i...
-
-
-
2oceansvibe Partners
-
-
