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Taxation & Regulation News South Africa

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    SARS confirms Malema's house owner probe

    Claims have surfaced that the man who bought Julius Malema's half-built mansion in Sandown, Norman Tloubatla, is accused of tax fraud himself, the SA Revenue Service (SARS) said on Tuesday, 27 August.
    SARS confirms Malema's house owner probe

    Spokesman Adrian Lackay confirmed that the matter had been reported to SARS.

    "It will be referred to appropriate channels within SARS in order to establish if there is merit to the claims."

    Lackay said the matter was reported on 22 August.

    The Sowetan newspaper reported that Tloubatla allegedly fabricated invoices to evade tax.

    Tloubatla's companies - Lethlabile Civils, and Magnified Designs, a road signs manufacturing company - received a letter of demand from Power Forklift Hire and Sales' attorneys for a R40,955,82 debt, the newspaper reported.

    Tloubatla bought Malema's unfinished house on auction in May for R5.9m.

    Source: Sapa via I-Net Bridge

    Source: I-Net Bridge

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