Saturday 29 November 2014

Mandela's estate 'worth $4.1m'

Published 03/02/2014 | 12:42

Details of Nelson Mandela's will have emerged
Nelson Mandela

Nelson Mandela's estate is worth roughly 4.1 million US dollars (£2.5 million), excluding royalties and other amounts, and beneficiaries of his will include his family, members of his staff, schools that he attended and the African National Congress, the movement that fought white rule and now governs South Africa, the will's executors said.

Mandela's third wife, Graca Machel, is the main beneficiary of the will because their marriage was "in community of property" and she therefore has the right to half his estate, as long as she claims it within 90 days, said executor Dikgang Moseneke, who is also deputy chief justice of the Constitutional Court.

Graca Machel's first husband, President Samora Machel of Mozambique, died in a plane crash in 1986.

Mandela's ex-wife, Winnie Madikizela-Mandela, was not mentioned in the will.

Moseneke said he is not aware of any challenges to the provisions of the will. Mandela, a prisoner during white racist rule who became South Africa's first black president, died on December 5 aged 95, prompting a 10-day mourning period in the nation and a global outpouring of tributes.

Mr Moseneke outlined a "provisional inventory" of 46 million South African rand but cautioned the amount could change as the will is studied more carefully. The document was drawn up in 2004, and provisions were updated in 2005 and 2008. Two other executors are George Bizos, a human rights lawyer who was a long-time friend of Mandela, and Themba Sangoni, a chief judge from Eastern Cape province, Mandela's birthplace.

AP

Press Association

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