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Julius Malema and His US$17,000 Breitling Watch
ANC Youth League (ANCYL) president Julius Malema’s company has won at least R140?million in government tenders over the past two years, a City Press investigation has established.
Malema’s engineering company, SGL Engineering Projects, has scooped tenders for sewage and cemetery services, among others, from various municipalities in Limpopo. Malema has two homes worth R4.5?million which are not mortgaged, a love of Breitling watches which retail at R250 000 a pop, and he lives a life of luxury.
While he will not say how much he earns, his salary cannot cover his lifestyle – but revelations about his business interests may finally explain where he gets his millions.
Cosatu has called for lifestyle audits of politicians, while the national treasury is investigating corruption and maladministration of provincial tender systems.
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