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Malema farm to be auctioned

The 140-hectare cabbage and tomato farm is worth around R4m.

Expelled ANC Youth League president Julius Malema's cabbage and tomato farm in Limpopo is set to go under the auction hammer next month, it was reported on Sunday.

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.

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

National Prosecuting Authority spokesman 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 thatch 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.

(Moneyweb)



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