No relationship of any kind with house buyer: Malema

Expelled ANCYL leader Julius Malema has no relationship with the buyer of his half-built mansion that was sold for R5.9 million, he said on Friday.

"I want to place it on record that I completely have no dealings with the buyer of the house in Sandown, and have no business, personal, or political association with him," Malema said in a statement.

The buyer of the three-storey house was Norman Tloubatla, CEO of the company Magnified Designs.

The property was auctioned on site on Thursday.

Auctioneer Pieter Geldenhuys said the house was expected to sell for between R4m and R4.5m.

Malema bought the property in 2009 for R3.6m.

He had the existing structure torn down and began building his own mansion.

Malema said he had been inundated with media inquiries regarding the sale of his properties and assets by the SA Revenue Services (Sars) to cover his tax bill.

He owes Sars R16 million.

"I will make a statement on all these developments at the appropriate moment, which will not be later than July 2013."

"This will help to explain many questions in the minds of South Africans, in particular economic freedom fighters, who have called [me] to understand what exactly is happening."