The bidding for Malema's house began at R3-million on Thursday. The new owner is businessperson Norman Tloubatla, chief executive of of Magnified Signs. The Star previously reported auction house Bidders Choice was hoping to raise between R2.5-million and R3-million for the three-storey property. Those wanting to bid on the mansion had to pay a registration fee of R100 000, which was refundable after the auction.
The house includes four bedrooms, four bathrooms, a cinema room, a coffee bar, a jaccuzzi, a wine cellar and a swimming pool.here was also a "song room". However, it had no fittings, flooring, plumbing or windows yet.
The home was attached by the court to help cover Malema's tax bill. He owes the South African Revenue Service R16-million. Malema bought the property in 2009 for R3.6-million
On 19 March, Malema had his Limpopo farm, worth approximately R4m, seized by the Asset Forfeiture Unit.
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