News / Africa
Mandela's grandson could lose inheritance
16 Feb 2014 at 06:59hrs | Views
Johannesburg - The R3 million former president Nelson Mandela left to his grandson Mandla Mandela may form part of the divorce proceedings with his estranged wife, the Sunday Times reported.
Tando Mabunu-Mandela had reportedly set her sights on the money as she and Mandla Mandela were married in community of property in 2004.
Mabunu-Mandela claims she is entitled to half of Mandla's assets. Her lawyer, Wesley Hayes, said they would be looking at the trust that holds the money to see what it says about Mandla Mandela's inheritance.
"For now, we're continuing with the divorce proceedings," Hayes told the newspaper.
Mandela did not respond to requests for comment.
The Nelson Rolihlahla Mandela Family Trust would decide whether Mandla should receive the capital and interest.
The pair had been embroiled in divorce proceedings since 2009. In court papers, Mabuna-Mandela says Mandla earns R700 000 a year as an MP, R800 000 a year from a freight company, and has more than R5 million in bank accounts.
Mandla declared in the parliamentary register that he has shares and interests in eight companies, including Sekunjalo Investment Holdings, which owns Independent Newspapers, according to the newspaper.
Mandela pays Mabunu-Mandela maintenance of R12 500 a month and contributes to her legal fees.
Tando Mabunu-Mandela had reportedly set her sights on the money as she and Mandla Mandela were married in community of property in 2004.
Mabunu-Mandela claims she is entitled to half of Mandla's assets. Her lawyer, Wesley Hayes, said they would be looking at the trust that holds the money to see what it says about Mandla Mandela's inheritance.
"For now, we're continuing with the divorce proceedings," Hayes told the newspaper.
The Nelson Rolihlahla Mandela Family Trust would decide whether Mandla should receive the capital and interest.
The pair had been embroiled in divorce proceedings since 2009. In court papers, Mabuna-Mandela says Mandla earns R700 000 a year as an MP, R800 000 a year from a freight company, and has more than R5 million in bank accounts.
Mandla declared in the parliamentary register that he has shares and interests in eight companies, including Sekunjalo Investment Holdings, which owns Independent Newspapers, according to the newspaper.
Mandela pays Mabunu-Mandela maintenance of R12 500 a month and contributes to her legal fees.
Source - Sapa
