Julius Malema will face a sequestration hearing in September that could stonewall his political career, according to a report on Tuesday.
The Star newspaper reported that Sars would conduct the hearing, which related to the Economic Freedom Fighters leader’s R16-million tax case, in Pretoria in September.
The newspaper said that if a sequestration order were granted, the former ANCYL leader would be barred from holding public office or serving as a company director. It even added that Malema wouldn’t be able to open a simple bank account.
The Star said that a curator would have to be appointed to manage Malema’s bank accounts.
The newspaper’s source at Sars said that Malema could only escape the order should a Good Samaritan bail him out.
“I think it’s scheduled for a date in September. That he will be sequestrated I have no doubt, unless somebody was to pay for him,” the source told The Star.
“There are a lot of people who will raise their hands, but the difficulty is that no one will want to be seen to be bailing him out because, if it’s a loan, Sars will want to know how it will be repaid. If it’s a donation, the person will have to pay a donation tax.”