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Economic Freedom Fighters leader Julius Malema has reached a settlement agreement with the SA Revenue Service.
The High Court in Pretoria heard on Monday that Malema entered into a conditional compromise agreement with Sars overnight.
Tumi Mokwena, for Malema, confirmed the settlement agreement.
Malema's provisional sequestration was extended and the matter was postponed to the 25th of August.
A draft order was handed to Judge Cynthia Pretorius who signed it. Malema was not in court.
According to court papers, Malema ows Sars R16 million plus interest after failing to submit tax returns between 2006 and 2010.
In February, high court Judge Bill Prinsloo ordered that Malema's estate be provisionally sequestrated.
A final sequestration order would affect Malema's political career, as he would not be allowed to serve as a Member of
Parliament.
