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  • Malema home construction halted after R400,000 debt outstanding


    Building was halted a week ago at the Sandton construction site of the new home of embattled ANC Youth League president Julius Malema, according to a report on Friday.

    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 13 Comments
    1. The_Librarian's Avatar
      The_Librarian -
      Biting off too much than he could chew?
    1. Hemps's Avatar
      Hemps -
      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.
      How much is he supposed to earn a month again?
      All the above on his salary.
    1. Mila's Avatar
      Mila -
      trust fund money spent
    1. boramk's Avatar
      boramk -
      Quote Originally Posted by The_Librarian View Post
      Biting off too much than he could chew?
      Absolutely, even with his big mouth.
    1. daveza's Avatar
      daveza -
      Feel it, it is here !
    1. blunomore's Avatar
      blunomore -
      I really dislike seeing those stands with the half built houses standing for months and months ...
    1. rakabos3's Avatar
      rakabos3 -
      Lekka Fatbooi
    1. Koosi's Avatar
      Koosi -
      His gravy pipe's valve was closed because he pissed off the ANC
    1. Picard's Avatar
      Picard -
      He wanted the government to nationalise all the mines so that the governent can appoint new directors and shareholders. Among which, him.

      He has built a castle in the sky for himself that was as big as his ego.

      Just look at how his house of cards has tumbled.
    1. Picard's Avatar
      Picard -
      Quote Originally Posted by daveza View Post
      ?
      Misread. Delete.

      Although he is far more willing to engage the opposition lately.
    1. killadoob's Avatar
      killadoob -
      O yeahhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh

      Eat it you bloody agent . Next up malema spotted at robot begging for cash.
    1. daveza's Avatar
      daveza -
      400 grand ?

      For starters the watch is supposed to be be worth around 250K and I'm sure he has another 150k fairly close to hand.
    1. Hemi300c's Avatar
      Hemi300c -
      Serves the contractor right for wanting to engage with him and his type.