Thursday, Oct 2, 2014Thursday, Oct 2, 2014
News
 

Nelson Mandela leaves $5 million estate to family, staff and South Africa's ruling party

Published on Feb 3, 2014 8:53 PM
 
Executor of the Nelson Mandela estate Dikgang Moseneke (centre) talks on Feb 3, 2014, next to fellow executor George Bizos (right) during a press conference, two months after the revered statesman's passed away. Late former South African President Nelson Mandela has left his US$4.1 million (S$5.2 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, Feb 2, 2014. -- PHOTO: AFP

JOHANNESBURG (Reuters) - Late former South African President Nelson Mandela has left his US$4.1 million (S$5.2 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 (S$5.2 million) excluding royalties - had been accepted by Mr Mandela's family earlier on Monday with no contestation so far.

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

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

 
If you are not a subscriber, you can get instant, unlimited access here