Thursday, February 18, 2010


Malema's Mystery Millions



ANC Youth League president Julius Malema owns two multi-million rand homes, flashy cars and a R250,000 watch, but earns R20,000 a month, according to a newspaper report.


The report in The Star newspaper - headlined Malema's millions - claims Malema owns a R3,6m house in Sandown and a R1m mansion in Polokwane, both of which he paid cash.


Finance Minister Pravin Gordhan announced this week that targeted lifestyle audits would be conducted this year.


Malema lashed out when The Star asked him how he could afford to buy a R3.6m house cash.


"You and your husband and your family - that's who you need to write about. You go away, just go away," he said before slamming down the phone.


Sources in the ANC Youth League said Malema earns R20,000 a month.


According to the report, Malema also owns a black Mercedes-Benz AMG, which retails at R734 000, and reportedly drives an Aston Martin and a red Range Rover Sport.


Last night he went to a lecture at Wits University in a brand-new white Range Rover - with no number plates - which sells for R1,2m.

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