Ricochet News

D-day for Malema's political future

Mar 16, 2015
D-day for Malema's political future

Economic Freedom Fighters (EFF) Commander In Chief, Julius Malema, will know his political fate when court proceedings regarding his unpaid tax bill resume in the North Gauteng High Court on Monday.

The stakes are high - if the North Gauteng High Court decides to seize Malema's assets and declare him an unrehabilitated insolvent, it means he will no longer be able to serve as a Member of Parliament.

According to South African law, people whose assets are sequestered and who a court declares as insolvent are barred from holding a number of leadership positions.

However, Malema has previously maintained that his political career will survive his tax troubles.

He settled on a provisional agreement with SARS on August 25, 2014 and agreed to pay SARS R500,000 per month towards his debt.

“As far as I am concerned this matter is closed and those who thought sequestration will be a short cut to my political life, they will be disappointed because there is not going to be any sequestration," said Malema.

He also rubbished reports that alleged cigarette smuggler Andriano Mazzotti was bank-rolling is tax debt payments.

“That is not true. My tax is paid by the trust established by fellow South Africans who saw this matter as persecution and the EFF lower structures are engaged in the mobilisation of resources, encouraging people to deposit money into this trust," he said.