• Tweet

RELATED ARTICLES

• Breather for Juju
• 'I am poor but credit-worthy' - Malema
• Malema is generous to beauty
• Malema off the hook - for now, lawyers reveal
• Malema's foe faces fraud charges
• Julius Malema's many faces - PHOTOS
• Malema mobbed by supporters PHOTOS
• 'Treat me like Mandela' - Malema
• Malema is now of no use
• Your posh house might get my vote, Juju
• Malema speaks up on trust
• Juju's R16 m house 'a lie'
• Malema's message to Diepsloot residents - 'Do not listen to (Cabinet ministers) because their lives are always surrounded by luxuries while you live in poverty'
• Mabopane, according to Juju fashion designer

Beeld newspaper reported that Malema was allegedly unable to settle debt of R400,000 owed to his building contractor at the end of March, after which the company decided to transfer its workers to another project in Bedfordview.  

According to Beeld, Malema tried to transfer money from two accounts to pay Kwandisa Construction, but his second transfer failed.

The SA Revenue Service had also reportedly approached Kwandisa Construction with queries about Malema’s financial affairs.

Federico de Gregorio, the owner of Kwandisa Construction, confirmed to the newspaper on Thursday that building had been “temporarily halted”.

He could neither discuss nor confirm rumours that Malema’s account was in arrears, or divulge details about the outstanding amount.

Malema bought the property in September 2009 for R3.6 million, then demolished it to make way for a new three-storey home with an underground parking garage.

Comments

• Sign in or sign up to comment

Mon May 20 14:22:40 SAST 2013 ::

Apr 13, 2012

Reyataz

Ag, it's just a minor glitch in cash flow. The Limpopo gravy train will soon deliver several millions and all will be sorted and bunker construction work resume. Screw the poor!
Report Abuse

Apr 13, 2012

MorenaWaPolelo

Eish!!!!!!!!!!!!!
Report Abuse

Apr 13, 2012

Socrates

Shame, it was will never be conpleted, he should have not demolished it, now the stand will soon sell for less. Imagine a situation where SARS, Hawks (even though they are clawless and useless), Assert Forfeiture Unit, SAPS, and his own Association of National Criminals (ANC) are after you, you cant escape
Report Abuse

Apr 13, 2012

MAARKENG-JANONG

Ke dinyane tsena, dikgolo di sa tla mfanaka JuJu!!!!!
Report Abuse

Apr 13, 2012

Shredder

Now. round number 2. Tinnng!!
Report Abuse

Apr 13, 2012

candilious

@Socrates- Its like an unstopable itch that does not want tot go away............hy krap hom kop nou
Report Abuse

Apr 13, 2012

MorenaWaPolelo

This boy is a fool he had a house and demolished it now he's got no house in Joburg. Stupid small boy
Report Abuse

Apr 13, 2012

Dzel

How can he pay contractors when he knows he got his money illegally and the Hawks wants to know where he is getting his money from. No contractor will be willing to pay the standard tender kickback fee plus On-Point's tender distribution machine has been placed on hold so where is the money going to come from?

No political office means no immunity against prosecution, the unfinished building is the least of his concerns right now. This is just the begin of the difficult road ahead, the asset forfeiture unit is on stand by and by the time they are finished with him all the bling and glamour will be gone.

Report Abuse

Apr 13, 2012

teduetee

its time the sherrif evict this muther facker, let the house go to the auction
Report Abuse

Apr 13, 2012

Socrates

@candilious...
Oh I forgot the competent Public Protector in the mix, he thought he was invincible like Zuma and ANC thinks they are.
Report Abuse

Read all 68 comments