Sign in
Download Opera News App

Economy&Finance

 

Business

 

Billionaires

Is Julius Malema a Billionaire? || Check out his multi-million Rand mansion in Sandton

Analysis references: Mail and guardian, Private property, IOL

Is Julius Malema a Billionaire? || Check out his multi-million Rand mansion in Sandton.

Julius Malema is the President of the Economic Freedom Fighters (EFF), which he founded in 2013 after splitting from the African National Congress (ANC). He admirably represents the poor and exemplifies the flaws of a society that relies on money to govern it and secrecy as its first line of defense. According to a recent study done by the organization, the ANC and Democratic Alliance (DA) prefer anonymous contributions. Maybe there's some apprehension about the consequences of the truth being revealed? Julius Malema, the Economic Freedom Fighters' (EFF) leader, is the happy owner of two gorgeous homes in Sandton, Johannesburg's financial center.

Our political and economic elite, according to Nkululeko Masipa, are answerable to no one but themselves, and as a result, the general public has a right to know what is going on in their personal and professional lives. Apart from being significantly larger and more opulent than the mansions of the majority of South Africa's high-ranking politicians, The home of Julius Malema is likewise substantially more expensive. Is he worth a billion dollars?

Boy Mamabolo owes Julius Malema an apology, according to his wife. Mgosi Malema is not a billionaire, yet his lifestyle begs the issue of how he manages to live so comfortably.

He sold his first property soon after being charged with corruption, and all of his subsequent properties were auctioned off to recuperate the money he was accused of stealing from the government.

Does his financial worth, in your opinion, justify his decision to buy such a large home? Take a look at the house below.

As the former head of the ANC Youth League, he has been regarded as a private figure whose acts are not accountable to the media. According to South Africa's president, he is one of the exploiters in capitalism.

Malema once informed the Independent that he was building an R16 million property in Sandown, Johannesburg, for himself. He claimed he would completely assist with the South African Revenue Service if a probe into the property was launched against him.

Julius Malema said he would consider giving up his Sandton home or farm if land expropriation was considered necessary in the public interest. His only demand while meeting with the Chamber of Mines to discuss nationalization was that the meeting take place in an impoverished rural hamlet so that mining executives could "understand where we're coming from." He claims that the South African government is undermining his efforts by defaming the country in the media, which he feels is true.

Malema was already tied to the VBS scam, and now his personal life is causing some anxiety. Is he a billionaire or simply the top looter on VBS? Comment below, like and share with others on the net

WATCH | Malema's wife and children wishing the EFF happy birthday will melt your heart

Source :://

https://www.tvsa.co.za/default.asp?blogname=juliusmalema&articleid=10872

Content created and supplied by: MzansiMgozi (via Opera News )

ANC African National Congress Democratic Alliance Julius Malema Rand

COMMENTS

Load app to read more comments