Julius Malema state capture

JOHANNESBURG, SOUTH AFRICA – MARCH 08: Economic Freedom Fighters (EFF) leader Julius Malema addresses the media on March 08, 2018 in Johannesburg, South Africa. Addressing the issue of the expropriation of land without compensation, Malema said it was not a call for war but instead a debate, and that those who disagreed were more than welcome to put their views forward but would have to convince the EFF, ANC and the National Assembly. (Photo by Gallo Images / Netwerk24 / Felix Dlangamandla)

AfriForum want Julius Malema declared bankrupt to settle EFF debts

Concerned that the EFF can’t pay off their debt to them, AfriForum want the courts to take a radical new measure against Julius Malema

Julius Malema state capture

JOHANNESBURG, SOUTH AFRICA – MARCH 08: Economic Freedom Fighters (EFF) leader Julius Malema addresses the media on March 08, 2018 in Johannesburg, South Africa. Addressing the issue of the expropriation of land without compensation, Malema said it was not a call for war but instead a debate, and that those who disagreed were more than welcome to put their views forward but would have to convince the EFF, ANC and the National Assembly. (Photo by Gallo Images / Netwerk24 / Felix Dlangamandla)

The bitter dispute between AfriForum and the EFF has intensified over the last week, and it has lead to the former demanding that Julius Malema is declared bankrupt by the courts.

Kallie Kriel is the AfriForum CEO. On Sunday, he lifted the lid on just how much the red berets owe their political nemeses. After the EFF lost several court battles against Kriel’s team – including two within a few hours last Wednesday – their debt has spiralled even further, due to their appeals being “dismissed with costs”.

How much money Julius Malema and the EFF owe AfriForum

At the start of the month, AfriForum announced that Malema and co owed them R337 000. Last week, R126 000 of that was repaid via an EFT. However, this created a shortfall of R211 000.

A court-appointed sheriff was given permission to seize assets belonging to the EFF, but according to Kriel, only R66 550 worth of property could be recovered. He also revised the party’s debt to his organisation, estimating the figure is now “more than R400 000” following last week’s duel in the North Gauteng High Court.

“Declare Malema bankrupt”

With plenty of money yet to be paid – and not much of it making its way to AfriForum’s coffers – Kriel and his legal team are now looking to secure the funds a different way. They want to have Julius Malema and his party declared legally bankrupt, in order to recover the outstanding balance:

“AfriForum is determined to acquire the amount of Malema and EFF – even if it requires the EFF’s assets to be auctioned and Malema and the EFF are declared bankrupt.”

“While Malema seeks to present the EFF as a strong power factor, the facts show that the party is malfunctioning and governs their legal actions and finances poorly.” – Kallie Kriel

Why AfriForum are fighting with the EFF in court

The cases that have embroiled both the EFF and AfriForum began when Juju was hit with a court order to stop encouraging citizens to participate in land invasions. Malema did not stick to his word and has broken the ruling several times since March 2017.

AfriForum successfully sued him for contempt of court, but the EFF also incurred costs for not turning up to court on time and ultimately failing with their interdict against the case. They also failed with an interdict to prevent their assets being seized last week, sticking more money onto their AfriForum bill.