/ 12 May 2013

First the house, now Malema to lose his farm

First The House, Now Malema To Lose His Farm

The 140-hectare farm is apparently due to be auctioned off on June 10 as part of the selling off of Malema's assets to offset his unpaid tax bill, City Press reported on Sunday.

On March 19 the farm, worth around R4-million, was seized by the Asset Forfeiture Unit.

National Prosecuting Authority spokesperson Medupe Simasiku said at the time that the property was allegedly acquired with the proceeds of fraud, corruption, theft, and money laundering.

Park Village Auctions advertises that the farmhouse has four bedrooms, a lounge-cum-dining room, an enclosed patio, kitchen with scullery and a study nook.

A thatched rondawel is on the property, as is a swimming pool and garage workshop, among other features. There is also a partially completed second house on the property.

Malema still owes slightly more than R9-million to the tax man, from his original R16-million bill.

On Thursday, Malema's half-built mansion in Sandown, Johannesburg, fetched R5.9-million on auction, arranged by a curator for the SA Revenue Service. – Sapa