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Malema Faces Asset Seizure by South African Tax Agency

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Jan. 31 (Bloomberg) -- South Africa’s tax authority has asked a court to allow it to seize the assets of Julius Malema, the ruling party’s former youth leader, to help repay more than 16 million rand ($1.8 million) he owes the agency.

“He is factually insolvent and in no position to make payment of his indebtedness to” the South African Revenue Service, the agency said in a document filed at the North Gauteng High Court in Pretoria, the capital. “It would be to the benefit of his creditors to have his estate placed in the hands of a curator” appointed by the court.

A hearing is set for Feb. 27, according to the document. Malema didn’t answer three calls to his mobile phone and a text message asking for a response. Malema’s lawyer Nicqui Galaktiou didn’t immediately respond to a call and voice message left on her mobile phone. Nelia Wessels, an attorney representing the South African Revenue Service, referred calls to the agency.

Malema’s debt is for assessed income tax, additional tax and interest between 2005 and 2011, according to the court application. The revenue service is still reviewing his tax liability for 2011, it said in the document.

Malema, 31, was expelled from the ruling African National Congress last year for sowing divisions in the party and bringing it into disrepute after calling for the overthrow of the government in neighboring Botswana. He led a failed campaign within the ANC to nationalize South Africa’s mines.

At it’s national conference in December, the ANC declined to review the Youth League’s request that Malema be reinstated to the party.

To contact the reporter on this story: Andres R. Martinez in Johannesburg at amartinez28@bloomberg.net

To contact the editor responsible for this story: Nasreen Seria at nseria@bloomberg.net

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