News24

Mandela's estate worth an estimated R46m

2014-02-03 14:05

Johannesburg - The provisional assessment of former president Nelson Mandela's estate was about R46m, Deputy Chief Justice Dikgang Moseneke said on Monday.

Mandela bequeathed R1.5m to the NRM Family Trust, in his will that was read out in Johannesburg.

He also left royalties to the trust of which a percentage would be given to the African National Congress.

Mandela bequeathed R50 000 each to a number of personal staff, including Zelda la Grange, his former personal assistant.

Other beneficiaries listed in the will that was read by Moseneke included his children, grandchildren and great grandchildren.

He also left money to a number of schools and organisations.

Wits University, Qunu Secondary School and Orlando West High School in Soweto bequeathed R100 000 from the anti-apartheid icon.

Comments
  • Wanda Lee Coetzer - 2014-02-03 14:09

    Money that was donated will go to his children, grandchildren and great grandchildren..Eish!!!

      Henry Dludlu - 2014-02-03 14:26

      Remember when he came out of Jail his friend Muamar Gadaffi gave him 15million dollars as a personal gift. From there I think you can see where the rest came from.

      Faahim Dajee - 2014-02-03 14:27

      @Squeegeepilot, almost a lifetime of imprisonment and the architect of a democracy, personally i think his ESTATE is a bit low. Considering none of the fathers of APARTHEID gave anything back, in fact they still have property and estates. (Sad Really)

      Michael Harker - 2014-02-03 14:28

      Firstly, how did he amass so much? Secondly, was this money meant for him or was it donations? Finally, are the vultures getting their share?

      Ken Muller - 2014-02-03 14:32

      nearly as much as mampara ramaphele

      Lindie Verwoerd - 2014-02-03 14:40

      He will be the poorest president in ANC history, yet made the biggest difference. A sad irony

      Piet Snot714 - 2014-02-03 15:06

      I hope the necessary donations tax was paid on all these donations - SARS please confirm!!

      Sanity - 2014-02-03 15:32

      to put this in perspective lets take a comparison Mandela's estate 46 million, Zuma's one house nklandla over 250 million, the 250 million was only spent on upgrades the house itself with worth around 1 billion rand. this shows the massive gap between who preached unity and community (Mandela) and lived as he said people should. and the corrupt chief banana of the ANC, Zuma who steals from the people whilst preaching they must blindly follow the ANC in the hopes to get food meanwhile the ANC is stealing the food from the poor. it's amazing how people could fool themselves into thinking the ANC is the same as it was in 1994

  • Titus Madiba - 2014-02-03 14:09

    DA has asked the public protector to investigate why ANC gets money but they didn't.

      Amdyn - 2014-02-03 14:38

      Please cite your reference

  • Aborted News - 2014-02-03 14:12

    All I'm asking in the #MandelaWill is to be exempted from paying E-Tolls

  • Hansie Crook - 2014-02-03 14:13

    Only R46m??? Zuma's Nkandla homestead is worth 5 times that. What Mandela saved for in his life, Zuma made in 5 years.

      Leroy Reynolds - 2014-02-03 14:29

      and he will pay for his crimes, maybe not today, but as soon as the ANC looses power all that money he stole will be returned with interest. He will also have to face the charge of rape, he has got away with way too much for way too long!

      Amdyn - 2014-02-03 14:39

      Zuma wants to change the constitution so that he can be president for life like Mugabe. This way he will never have to pay for his "sins".

      ThabangBonang - 2014-02-03 14:50

      @Hansie Crook - And we are only talking security upgrade.

      Tammy Maubane - 2014-02-03 16:18

      I sometimes wish we could see who give the likes and the dislikes. I would like to know from the dislikers what is wrong with Hansie's comment.

  • apollo.rockefeller - 2014-02-03 14:13

    Just R46m? Seems small.

      Nelson Poopmore - 2014-02-03 15:22

      He was already valued at R40 mil for purposes of his divorce circa 1996. How he got that we'll never know. Winnie must have taken a chunk. I bet then the tax experts moved in and used trusts, funds and stuff to keep his estate as small as possible. He via all the schemes must be worth much, much more than that. How he made it is another question.

  • Bala Ibrahimovic Makhani - 2014-02-03 14:14

    nkandla is worth more than R209 millions

      Muzi Ngubane - 2014-02-03 15:21

      spending R209mil does not mean the property is worth that much. Most of it was wastefull and went to peoples back pockets. Remember Julius Malema's R16m masion ended up being under R5m?

      Tammy Maubane - 2014-02-03 16:21

      Muzi that's what's upsetting, you spent taxpayers' R209mil and you fail to get value out of it.

  • Hansie Crook - 2014-02-03 14:14

    I see that Mandela left some money for the ANC, did he leave anything for the DA seeing that they had him in their "know your DA" campaign???

      Carla Smith - 2014-02-03 14:28

      Know you DA is a joke. The DP was a completely different party to the current DA. Those ads were an embarrassment to the likes of Helen Suzman and Nelson Mandela.

  • Livhuwani Lybon Tshihatu - 2014-02-03 14:20

    The ANC won so hard this past week. They must just close all their national offices & go home for the day

      feikmc.heither - 2014-02-03 14:36

      Lol? True

  • Triumphant Voice - 2014-02-03 14:21

    @Titus : The fall of an empire is nothing compared to the fall of a Man!

  • Peppy Maharaj308 - 2014-02-03 14:33

    What a paltry sum for a great statesman as him when the current president is raping the coffers together with tenderpreneurs to enrich themselves. When Zuma dies, beneath the mattress , his estate will be worth billions but sadly, Zuma will be unable to count or use his calculator correctly to audit his embezzlement!!!!

  • Halalisani Philani Mahaye - 2014-02-03 14:39

    Mandela you are star forever

  • Grant Montgomery - 2014-02-03 14:39

    How did he amass such a fortune? Did he submit tax returns?

      Ria Cook - 2014-02-03 15:34

      The winner of the Nobel Peace prize gets $1.5 - that's over ten million rand!

      Grant Montgomery - 2014-02-03 15:43

      Ria, look at the properties he and his family have bought over the last twenty years. This alone would have used up the R10 million. And did he pay tax on this and other donations?

      Nelson Poopmore - 2014-02-03 17:02

      Ria, the Rand was much stronger then, he shared it with de Klerk, and it was worth only $1,000,000.

  • Brad Smith - 2014-02-03 14:44

    reading out the will in public sends out the wrong message to the greedy politicians. now they are gonna be falling over each other to outdo mandela's total worth and we all know that politicians get rich by siphoning off the tax base instead of a true civil servant that should see the job as a service to the people and do it purely for that reason.

  • Reubentica Pakane - 2014-02-03 14:47

    Let the ANC flourish in heaven for Mandela made it clear first thing he'll do when ariving the he will ask for ANC membership. Please let these revolutionary movement take care of royalties left by Madiba,may that money be used for creating jobs!

  • Fannie Mashilo - 2014-02-03 14:49

    Iam sorry to say this,to me he left behind little,I was expecting something in the region of a billion.

  • Hansie Crook - 2014-02-03 14:50

    Mandela's will announcement has helped to divert the attention from Agang and DA.... Zille and Mamphela must be relieved, breathing a sigh of relief.

  • Johan Venter - 2014-02-03 14:53

    I think “poor” Zelda expected more…SHAME

  • Phinda Nondabula - 2014-02-03 14:57

    Are you sure R46 millions is filthy rich in this day and age. This is the pricw of a house these days is RSA.

      Jaco Terblanche - 2014-02-03 21:51

      Eish Panda try Danville you will get a cheapy there

  • Kamogelo Kamza Matloa - 2014-02-03 15:02

    i wish i was one of his personal staff

  • Willem le Roux - 2014-02-03 15:04

    Honestly, does the size of his estate matter - in the ANC the only HONEST politician just died! Sad!

  • James Sleight - 2014-02-03 15:13

    Looking through the comments...doesnt seem to occur to many that a big chunk of the estate comes from book and movie royalties. And btw R46M, converted to $s £s or €s is not so astronomical for someone of his international stature.

  • Nelson Poopmore - 2014-02-03 15:18

    He was already valued at R40 mil for purposes of his divorce circa 1996. How he got that we'll never know. Winnie must have taken a chunk. I bet then the tax experts moved in and used trusts, funds and stuff to keep his estate as small as possible. He via all the schemes must be worth much, much more than that. How he made it is another question.

  • Conza Mapengo - 2014-02-03 15:21

    My black president, my hero forever....

  • Louis van Ryneveld - 2014-02-03 15:22

    R46 million. Not bad for a jailbird.

      Sibusiso Nkosi - 2014-02-03 15:52

      Racist idiot

      Nelson Poopmore - 2014-02-03 16:03

      "R46 million. Not bad for a jailbird." And Sibusiso plays the race card. Now THAT is both racist and idiotic.

      Tammy Maubane - 2014-02-03 16:26

      Louis van Ryneveld it's disappointing actually to think that your people like you younger or older, deprived him a chance for a R400mil estate. In closing, you are talking absolutely rubbish, Louis van Ryneveld.

  • Joshua Kgorutle - 2014-02-03 15:25

    What a leader, a certain percentage is going to ANC. He loved dis glorious movement to his death. Zille, mamphele, Juju and other cannot do what Madiba did on his Will unless dey r copycats. Viva ANC Vivaaaaaaaaaaaaaaaaaaa

  • Judit Victor - 2014-02-03 15:49

    That is not nere enough for the myriad of relatives holding out their palms.

  • Thobani Tabata - 2014-02-03 16:03

    Giving the whole new meaning to the words "shame, poor Tata".

  • Damian Adsetts - 2014-02-03 17:01

    I am pleased to see that a man of such stature had an estate that is reasonable to expect from such a person-in fact I thought it would've been higher. Interesting how our current president has a house worth 4-5 times as much, not to mention his other undisclosed assets.

  • Philip Condor - 2014-02-03 17:48

    I just wonder where did a ex-convict get all that money from?

  • Lynne Barker - 2014-02-03 18:49

    Zuma's one homestead in Nkandla is worth R250 million?????

      Jaco Terblanche - 2014-02-03 21:56

      No Coda, as said before to spent R208m doesn't mean value goes up. It just mean it has been spent. Bad spending brings value down

  • Jaco Terblanche - 2014-02-03 21:47

    Yes an Honest man's Estate is worth R46m. And the Government spent R208m on old skelm's home. Then they say CRIME DOES'NT PAY?

  • Herman Schroder - 2014-02-04 08:44

    Mandela's Estate is absolutely plausible considering all the indirect income via royalties etc. Bit of a slap in the chops to the ANC's golden girl, Winnie however. Mandela must have known a thing or two. However leaving money to the ANC is a bit of a worry. I am sure if Mandela was fully informed of the shenanigans his once principled party was up to, he would have had second thoughts. Zumbies hideaway or air conditioned bunker cost more than Mandela's entire estate. The one is a man of integrity, the other a scared jack rabbit expecting the wrath of his people to descend on him at any time. Go figure

  • Danny Mothilall Danny - 2014-02-05 08:12

    All focus should be on the tender fraudsters and the wide-spread corruption within the various municipalities as regards to tenders. People of South Africa should embrace the fact that Nelson Mandela brought Peace and Harmony to the entire World and fought a just course, therefore he was not selfish to enrich himself like the others whose assets hit the 70 million mark and much more with other corrupt activities.

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