Contributed by John Oram
The topic of Julius Malema riches gets everyone’s knickers in a twist – but why? Surely, if you too could live the lifestyle he leads, you wouldn’t want an experience from the South African Revenue Service (SARS) that is likely to feel like an anal-probe delivered by an epileptic monkey?
So what if Julius owns houses worth over R4.6 million. So what if there is a huge Malema trust fund (used for charitable purposes only). So what if his watch is valued at R250,000. So what if Mr Malema has some swanky luxury cars. And so what if he can amass all this by shrewdly using his salary of R25,000 per month? Instead of proclaiming him to be a financial genius, South African haters mock the poor man.
Could it be that South Africans are fuming with envy at his success? One thing is for sure, after Mr Malema walks away from the SARS audit squeaky clean (if there will actually be an audit) – South African financial advisors are going to be under serious pressure to up their game. The public will expect them to deliver the kinds of returns Mr Malema has achieved with his capital. Fund managers across the country are reported to be sweating Red Bull.
Further, I am pleased to report that this issue has gone international. Barack Obama and economists from all over the world, including those pondering the outcome of the US national debt crisis, are also keeping a keen eye on the situation. Mostly, Mr Obama is wondering if Mr Malema will share his financial leverage secrets so that he may rescue America’s fiscal deficit using his presidential salary.
Come on Julius, please spread the love!
How does this relate to Kouga or the Residents' Association?
ReplyDeleteThis is a blog. People are free to comment on pretty much whatever they like, subject to moderation. I thought this was an interesting take on a current issue.
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