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NELSON MANDELA LEAVES $4 MILLION ESTATE TO FAMILY, STAFF AND ANC

February 03, 2014 | UhuruSpirit

Nelson Mandela



Former South African President Nelson Mandela has left his $4.1 million estate to family members, the ruling African National Congress, former staff and several local schools, according to a reading of his will on Monday.

Deputy Chief Justice Dikgang Moseneke told reporters the division of the estate - provisionally valued at 46 million rand ($4.1 million) excluding royalties - had been accepted by Mandela's family earlier on Monday with no contestation so far.

Moseneke said some of the estate would be split between three trusts set up by Mandela, including a family trust designed to provide for his more than 30 children, grandchildren and great-grandchildren.

Mandela bequeathed R1.5 million to the NRM Family Trust and R50 000 each to a number of personal staff, including Zelda la Grange.

Other beneficiaries listed in the will included his children, grandchildren and great grandchildren.

Houghton

Mandela’s Houghton home and its contents have been left to the Nelson Mandela Trust which has been instructed to grant his grandson Mandla Mandela the right to occupy the property.

“I wish that he should live in the house together with his siblings (Ndaba, Mbuso and Andile) during his lifetime and that the trustees of the Nelson Mandela Trust decide for what special purpose the house may be used thereafter perpetually,” the will reads.

Mandela said the house “should serve as a place of gather of the Mandela family in order to maintain its unity long after death.”

Mandela later amended the will to say that the trustees should allow other Mandela family members and members of his wife Graca Machel’s family members to visit and stay at the Houghton property.

Qunu

Mandela's Qunu home is to be administered by the NRM Family Trust.

“It is my wish that the trustees of the NRM Family Trust administer the Qunu Property for the benefit of the Mandela family and my third wife (Graca) and her two children Malengane Machel and Josina Machel. The Qunu property should be used by my family in perpetuity in order to preserve the unity of the Mandela family,” Mandela wrote.

Children, grandchildren and great grandchildren

Mandela’s first born son and Mandla’s father Makgatho, who died in January 2005, has already been advanced R3,3-million.

Mandela’s eldest daughter from his first marriage, Makaziwe, has also already been advanced around R3,3-million

The NRM Family Trust, a second trust, was given R3,3-million “for the benefit of Mandla Mandela”.

The NRM Family Trust is also meant to administer R3, 3-million each for Mandla’s brothers Ndaba, Mbuso, Andile.

Makaziwe’s children Dumani, Tukwini, Adjao and Kweku are to receive R100 000 each.

Mandela’s granddaughters Ndileka has already been advanced around R3,3-milion each.

Winnie Mandela’s children Zenani and Zindzi has already been advanced R3,3-million

Zenani’s children Zinhle, Zaziwe and Zamaswazi are all to receive R100 000. Zindzi’s children Bambatha, Zondwa, Zwelabo, Zoleka are all to receive R100 000.

Mandela’s greatgrandson Zozuko has been bequeathed R100 000.

Staff and schools

Mandela also left R100 000 each schools and universities which he had attended, to be used for bursaries and scholarships. He left an additional R100 000 each to the Qunu Secondary School and the Orlando West High School.

"The bequest is made in consideration of the role the pupils of Orlando West High School and its teachers played in the struggle for the liberation of South Africa," he said in the will.

Mandela has also left R50 000 each to nine former employees, including his former personal assistants Zelda le Grange and Thoka Mavuso.

Mandela’s former personal chefs Gloria Nocinda and Xoliswa Ndoyiya are also to receive R50 000.

He also left royalties to the trust of which a percentage would be given to the ANC.



The ANC

The NRM Family Trust received R1,5-million, part of which should go to the African National Congress.

"I direct that the trustees of the NRM Family Trust should at their sole discretions, consider paying, subject to the availibility of funds, a minimum of 10% and maximum of 30% of the royalties to the African National Congress.

"The royalty payments must be used to the discretion of the African National Congress National Executive Committee for the purpose of recording and/or disseminating information on the African National Congress principles and policies since 1912, particularly on the policies and principles of reconcilaiton amongst the people of South Africa," Mandela said in his will.

The reading of Mandela's will was expected to set off another round of squabbling among members of his large and factious family over the anti-apartheid hero's financial legacy.

Mandela, who died in December at the age of 95, left behind an estate that includes an upscale house in Johannesburg, a modest dwelling in his rural Eastern Cape home province and royalties from book sales, including his autobiography, "Long Walk to Freedom".

More visibly, his legacy includes a potent political and moral brand that some of his grandchildren and great-grandchildren have already used to market everything from clothing to reality TV.

Some of his grandchildren have started a line of caps and sweatshirts that feature his image under the brand "Long Walk to Freedom". Two of his U.S.-based granddaughters starred in a reality television show called "Being Mandela".

Such aggressive marketing - as well as reports of fighting among family members over Mandela's money - have fuelled the impression in South Africa that some of the family members have exploited their famous relative. ($1 = 11.1688 South African rand)

Machel has 90 days to contest Mandela will

Former president Nelson Mandela's wife Graca Machel has 90 days to decide whether she will waiver her right to half of his estate, Deputy Chief Justice Dikgang Moseneke said on Monday.

"The marriage between former president Mandela and Mrs Machel was in community of property," he said while reading Mandela's will out in Johannesburg. Moseneke explained that when a couple was married in community of property they were entitled to 50 percent of the estate if one of the partner's die. "She may opt to have exactly half of the estate. It's an election that needs to happen in 90 days... that's still pending." He said Machel had not yet given her decision.

- Reuters / Sapa / eNCA / Uhuruspirit



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