Malema's house auctioned for R5.9m

Julius Malema's house was auctioned on Thursday. (Haji Mohamed Dawjee, Instagram)

Julius Malema's house was auctioned on Thursday. (Haji Mohamed Dawjee, Instagram)

The bidding for Malema's house began at R3-million on Thursday. The new owner is businessperson Norman Tloubatla, chief executive of of Magnified Signs.

The Star previously reported auction house Bidders Choice was hoping to raise between R2.5-million and R3-million for the three-storey property.

Those wanting to bid on the mansion had to pay a registration fee of R100 000, which was refundable after the auction.

The home was attached by the court to help cover Malema's tax bill. He owes the South African Revenue Service R16-million. Malema bought the property in 2009 for R3.6-million.

He had the existing structure torn down and began building his own house with a private cinema room, a cigar lounge, a pool and a spa bath, a wine cellar, a coffee bar and provision for a lift.

There was also a "song room". However, it had no fittings, flooring, plumbing or windows yet.

"What you have here is something that is proper style, high tech and very modern," said Bidders Choice spokesperson Pieter Geldenhuys. According to the newspaper, open viewing days were also held. 

Cash for goods
Earlier in February, it was reported that Malema's household contents were auctioned in Polokwane for R54 000, which was about a fifth of the value of his Breitling watch.

According to the Sunday Independent, it reported in January that Malema spent R291 000 on clothes at an Italian boutique store and more than R31 000 on Louis Vuitton designer clothes, according to an audit by PwC.

It reported that Malema's watch and designer clothes were not seen at the auction. Assets which were auctioned included a piano, fridges, a wall unit and television sets.

The Sunday Sun at the time also reported that the piano was bought for R9 300 by Norman Motaung. "I didn't buy it because of the previous owner," he told the newspaper.

A former friend of Malema's, Boy Mamabolo, bought a mirror for R300. He told the newspaper Malema promised to give him the mirror in 2009 but changed his mind.

"I'm helping Sars to collect its money. But I'm disappointed that the Pioneer music mixer is going back to Juju [Malema]—because his bodyguard bought it," Mamabolo told the Sunday Sun.

The paper reported that many people were disappointed at the assets that were on sale.

"According to the sheriff, some people were not happy with the state that the items were in," Sars spokesperson Adrian Lackay told the Sunday Independent.

"The sheriff will have written up an inventory of everything. So we are confident that all attempts to get around the administration of justice will be futile," he said. – Sapa



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