AFRICANGLOBE – A half-built home in Sandown belonging to former African National Congress Youth League president Julius Malema will be auctioned in May, it was reported on Sunday.
“It is definitely focused on the entertainer’s market and is at an excellent address,” Pieter Geldenhuys, a spokesman for the auction house Bidder’s Choice, told reporters. “The design is hi-tech and very tasteful,” he said
The three storey home, which was attached by the court to help cover the former African National Congress Youth League head’s tax bill, would reportedly go under the hammer on May 9.
Nobantu Mtimde, of Makwande Auctioneers, told reporters that the initial structure of the house was “almost completely done.”
However, it did not have fittings such as plumbing, ceilings, flooring and glasswork.
Julius Malema brought the property in 2009 for R3.6 million. He had the existing house on the property demolished and began construction on a house with four bedrooms, four bathrooms, a swimming pool, cinema room, coffee bar, jacuzzi, cigar lounge, wine cellar and a lift.
This week, a provisional order for the preservation of Julius Malema’s assets was made final by the High Court in Tshwane.
Julius Malema allegedly owes the SA Revenue Service (Sars) R16 million. In March, he reportedly missed a deadline to challenge Sars’s application for the sequestration of his estate to cover his tax bill.
He also faces what some observers see as trumped up charges of fraud and racketeering allegedly related to the irregular awarding of a R52m tender to On-Point Engineering in Limpopo.