Friday 31 July 2015

Nelson Mandela leaves $4m estate to family, staff and ANC

Reading expected to set off new round of squabbling among factious family members

Published 03/02/2014 | 12:10

Former South African president Nelson Mandela, aged 95
Former South African president Nelson Mandela, aged 95
Winnie Mandela
Nelson Mandela arriving at Dublin Airport on July 1, 1990, to receive the Freedom of Dublin.
Mandla Mandela, grandson of Nelson Mandela
People place candles near a photo as they pay tribute to Nelson Mandela at the Trocadero square, in front of the Eiffel Tower in Paris
The coffin of former South African president Nelson Mandela is carried on a gun carriage for a traditional burial after the funeral ceremony in Qunu
Graca Machel (C), widow of former South African President Nelson Mandela, sheds a tear as Winnie Mandela (R), ex-wife of Mandela, comforts her during Mandela's funeral ceremony in Qunu, Eastern Cape
Zulu warriors dance to honor Nelson Mandela on a hill near where he was buried
Oprah Winfrey sits with her partner Stedman Graham, left, and British entrepreneur Sir Richard Branson
Military officers salute as the casket of former South African president Nelson Madela is carried to his grave site in Qunu
Mandela: World's biggest statue unveiled

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

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

Mandela's third wife, Graca Machel, had waived her claims to the estate, Moseneke said at a news conference where he summarised parts of Mandela's 40-page will.

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.

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.

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