Breaking News

Malema to oppose bankruptcy application

by Sapa
01 February 2013 | 4792 Views
Johannesburg - Expelled ANC Youth League president leader Julius Malema will oppose an SA Revenue Services (Sars) application for his sequestration, his lawyer said on Friday.

"I can confirm that we have been instructed to oppose the application," said Nicqui Galaktiou.

According to papers filed in the South Gauteng High Court in Pretoria this week, Malema owes Sars R16m and is "factually insolvent and in no position to make payment of his indebtedness to Sars".

Sars reportedly said in the paper that discrepancies in Malema's representation of his net assets were not conducive to concluding that he had made a full and frank disclosure, and supported its contention that "it would be to the benefit of Malema's creditors to sequestrate his estate".




If the application succeeded, all Malema's properties - including his house in Sandton, and his house, smallholding and farm in Limpopo - would be placed under curatorship and auctioned to cover his debts.

The hearing is scheduled for February 27. 

Malema Bankruptcy

Source: Sapa

Is Tsvangirai's BIG TENT leaking?

Yes
25.86%
No
31.03%
Not bothered
43.1%
116

Comments

Latest Classifieds (Click Here For More)

News Updates

Email:

Latest News

'Mudede must zip-up and avoid making reckless statements' - THE Zimbab...

by Staff reporter | 22 September 2014 | 1171 Views

Car crashes, flies into a Service Station in Harare - Video - A 2:0...

by Staff Reporter | 22 September 2014 | 1992 Views

Zimbabwe's Africa Cup of Nations chances next to zero - The bid to hos...

by Staff reporter | 22 September 2014 | 1246 Views

Ray Ndhlukula is a scary monster with no words to describe him - Whats...

by Angry Son of Soil from Tsholotsho | 22 September 2014 | 1419 Views

Prophet TB Joshua hit by bribery claims or its a big fat lie

by ewn | 22 September 2014 | 3647 Views

Lectures to protest Grace Mugabe PhD Award

by Staff reporter | 22 September 2014 | 4190 Views

Ernest 'Maphepha' rubbishes Bosso's sloppy form - "THIS is rubbish," t...

by Sikhumbuzo Moyo | 22 September 2014 | 1736 Views

Notorious robbers arrested

by Staff reporter | 22 September 2014 | 2758 Views

Prophet Makandiwa awards musicians

by Staff reporter | 22 September 2014 | 1646 Views

Mugabe labours with Lesotho mediation

by Staff reporter | 22 September 2014 | 1727 Views

Tsvangirai averts another possible split

by Staff reporter | 22 September 2014 | 2460 Views

'War credentials no longer a trump card' - Zanu-PF Bulawayo provincial...

by Staff reporter | 22 September 2014 | 1395 Views

Senior government official commits suicide - A SENIOR officer in the M...

by Staff reporter | 22 September 2014 | 2869 Views

Generations soapie off air till December - LOCAL followers of popular ...

by Staff reporter | 22 September 2014 | 1452 Views

Businessman forced to take HIV test - A PROMINENT Maphisa businessman ...

by Staff reporter | 22 September 2014 | 2185 Views

Litigation stalls Beitbridge - Harare Highway dualisation - The dualis...

by Staff reporter | 22 September 2014 | 1195 Views

Woman 'locks' husband's manhood - A Victoria Falls woman last Friday t...

by Staff reporter | 22 September 2014 | 2285 Views

Man hangs self after dispute with wife - A 31-YEAR-OLD Mpopoma man com...

by Staff reporter | 22 September 2014 | 1873 Views

Zimbabwe cops to be taught to smile - ZIMBABWE traffic police officers...

by Staff reporter | 22 September 2014 | 1519 Views

Grace Mugabe's PhD degree: Students cry foul - The Zimbabwe National S...

by Staff reporter | 22 September 2014 | 2453 Views

Body decomposes at mortuary as families' standoff continues - THE body...

by Walter Mswazie | 22 September 2014 | 1438 Views

Headmaster flees 'abusive' wife

by Lethokuhle Moyo | 22 September 2014 | 1676 Views

FlyAfrica announces daily Harare - Joburg flight, fares 80% lower - F...

by Staff reporter | 22 September 2014 | 1317 Views

Banks hike withdrawing fees by 50% - Banks will increase cash withdra...

by Staff reporter | 22 September 2014 | 2503 Views

Why the Synagogue Building Collapsed - Military Expert

by Betty Roger | 22 September 2014 | 4678 Views

Fake US$ notes land man in jail

by Court Reporter | 22 September 2014 | 857 Views

Wife's abuse forces man to drink poison - A 61-YEAR-OLD man drank a po...

by Sukulwenkosi Dube | 22 September 2014 | 1206 Views

Maid strangles lover boss - A 53-year-old domestic worker allegedly st...

by Thandeka Moyo | 22 September 2014 | 2422 Views

Landing gear failure sparks Air Zimbabwe midflight scare - PASSENGERS ...

by Patrick Chitumba | 22 September 2014 | 1441 Views

Zanu-PF to probe its MP over secret meeting with US government officia...

by Felex Share | 22 September 2014 | 1157 Views

Entertainment

Wilfred Tichaona Mafrika aka Nyamasvisva - Biography

by Innocent Fungurani | 22 September 2014 | 401 Views

Miss Zimbabwe USA scouts for talent - TWENTY-SEVEN-YEAR-OLD internatio...

by Staff reporter | 22 September 2014 | 464 Views

Ubuntu Bako Bulawayo's Launch Event Party in Manchester - The 4th Octo...

by Staff Reporter | 21 September 2014 | 891 Views

Intwasa set to liven Bulawayo night life - BULAWAYO will this Tuesday...

by Pabalelo Tlou | 21 September 2014 | 868 Views

Abafana bako Godlwayo - UThabani Dibi Sibanda odume ngokuba yiNyosi eh...

by Staff Reporter | 20 September 2014 | 1754 Views

Game over as Generations Soapie goes off air - The South African Broad...

by Staff reporter | 20 September 2014 | 4093 Views

Derick stepping out of Majaivana's shadow - Derick Majaivana, aims to...

by Bruce Ndlovu | 20 September 2014 | 1059 Views

Zuma daughter's new soapie to replace Generations - JOHANNESBURG - Sow...

by Staff reporter | 17 September 2014 | 5039 Views
iBlog

Positions To Make Female Orgasm Easier During Intercourse

some women are fortunate enough to be able to climax easily, and in almost any sexual position. the majority of women though, sometimes find it difficult to orgasm especially when they are with a partner. sometimes this difficulty is just a result ... Read More
adoniadennis 12 May 2014 ago

Top 10 Causes Of Vaginal Bleeding After Intercourse

bleeding after sex can be rather alarming, and there could be many reasons why a woman would bleed after sex. though most women bleed after their first time having sex, if bleeding becomes frequent, there may be an underlying issue. below are the 1... Read More
adoniadennis 02 May 2014 ago