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Malema is insolvent: SARS applies to high court to have him sequestrated
Posted by on Jan 31st, 2013

Julius Malema owes SARS R16 million and according to the SA Revenue Service he is “factually insolvent and in no position to make payment of his indebtedness to SARS”. The City Press newspaper said yesterday SARS applied to have Malema sequestrated and if it’s successful all his properties will be auctioned off to cover what he owes.


“Malema is reportedly meeting his lawyers on Thursday to decide whether or not to oppose the application.

If the application succeeds, all Malema’s properties – which include both his houses in Sandton and Polokwane, a smallholding and farm – would be placed under curatorship and auctioned off to cover his debts, City Press said.” [iol]


Russell says:
January 01, 2013 at 9:24 am

Ha ha that picture

rolf says:
January 01, 2013 at 9:24 am

burn mother fluffer burn

Rene says:
January 01, 2013 at 9:24 am

LOVE the picture

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