Malema's mansion under the hammer
Sars hopes to recover some of its money after Julius Malema’s house in Sandton is auctioned off.
JOHANNESBURG - The half built home of expelled African National Congress Youth League (ANCYL), leader Julius Malema will go under the hammer on Thursday.
Malema's Sandton home has been put up for auction to help cover his tax bill with the South African Revenue Service which is estimated at R16 million.
Auction house Bidders Choice said on Wednesday it was expecting the luxury home to attract scores of keen buyers.
Bidders Choice explained that they had a lot of last minute registrations from possible buyers.
The company's Pieter Geldenhuys said, "A lot of people are coming now at the last moment to view the property and to prepare the money to register because the demand is quite high."
Geldenhuys said they were not expecting to sell the house for less than R2.5 million.
Construction of the house is only halfway through but auctioneers said it had potential.
TROUBLE ON ALL FRONTS
Meanwhile, The National Prosecuting Authority (NPA) in April said it was ready to start Malema's trial.
But the prosecuting body said it first needed to secure a court date.
The former ANC Youth League leader is facing a R52 million fraud and racketeering case in Limpopo.
In September, Malema and his co-accused Lesiba Gwangwa and Kagisho Dichabe were arrested on charges of corruption, fraud and money laundering.
The three men are currently out on a bail on R10,000 each.
A trial date will be set and indictments will be served when Malema returns to the Polokwane Magistrate's Court at the end of June.
NPA spokesperson Medupi Simasiku said the police concluded their investigation.
"We are ready to prosecute which is why we have requested 20 June."
Simasiku said the NPA asked the court to move the matter to the high court.
Malema left the court without speaking to the media.
A handful of people turned out to support him.
In March, the court appointed two curators to take over his estate and manage his assets.
It further allowed the curators to dispose of Malema's assets by means of auctions and to pay the proceeds to Sars.
The curators intended launching an application to have Malema declared in contempt of court but last minute negotiations halted the matter.