Madiba’s R46m estate: Staff, schools and ANC among beneficiaries

2014-02-03 14:23

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

The provisional value of former president Nelson Mandela’s estate is R46 million.

This was announced at a press conference hosted by the executors of his estate in Joburg today.

The executors of Mandela’s estate, Deputy Chief Justice Dikgang Moseneke, Advocate George Bizos and Eastern Cape Judge President Themba Sangoni, this morning read the will to members of Nelson Mandela’s family.

“In the process of collating the will, a provisional inventory was filed and it reflects a provisional balance, which is in the order of about R46 million.

“That is a commonsensical assessment, which would have to be subjected to verification,” said Moseneke at a press conference following the reading.

Moseneke said that they had decided to make an executive summary of Mandela’s will public because of high levels of public interest.

Asked about the atmosphere during the reading of the will, the deputy chief justice said reading a will to family was “always a charged affair but it had gone well”.

Moseneke did not go into specifics of the will, but he did reveal that Mandela had left R50 000 to a long list of people who had assisted him, including his personal assistant, Zelda la Grange, and cook, Gloria Nocanda.

Madiba also left R100 000 to all the schools he had attended in his lifetime, as well as R100 000 to the Qunu Secondary School and R100 000 to Orlando West High School for the “role its pupils and teachers played in the struggle for liberation”.

Moseneke pointed out that Graça Machel, who was married to Mandela in community of property, has not yet indicated whether she would renounce the fifty percent to which she is entitled in terms of this type of marriage.

If she does, it means she will only receive from Mandela’s estate that which he left her in the will.

Mandela has also left between 10% and 30% of the royalties from the NRM Family Trust to the ANC.

Moseneke said the will was an “interesting read” because Mandela had tried to explain the reasons for including various parties in his will.

Executive summary: Mandela will

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions. publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24


Men.24 Model of the Week: Wendy from Cape Town

Find out more about our featured model, Wendy from Cape Town


You won't want to miss...

Who are the highest paid models of 2017?
10 gorgeous plus-sized models who aren't Ashley Graham
WATCH: Pornhub is giving users free access to premium content these holidays
5 top leg exercises for men
Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.