Mandela’s estate worth R46m

This figure is subject to final verification and excludes royalties.

People pay their respects former president Nelson Mandela at the site where he was arrested outside Howick in 1962. Picture: Reinhardt Hartzenberg/EWN.

JOHANNESBURG - Former president Nelson Mandela's estate is worth R46 million, Deputy Chief Justice Dikgang Moseneke announced on Monday.

Speaking at the Nelson Mandela Centre of Memory in Houghton, Johannesburg, Moseneke explained the will was put together on 12 October 2004 with final amendments made in 2008.

He further revealed that the figure was subject to final verification and excluded royalties.

Moseneke, human rights lawyer George Bizos and Judge President of the Eastern Cape Themba Sangoni were named as executors of the will.

In the 40-page executive summary, Mandela acknowledged various staff members, giving them R50,000 each.

His former personal assistant Zelda le Grange also received money.

The will also revealed that Mandela and his wife Gra├ža Machel were married in community of property.

Mandela's second wife Winnie Madikizela-Mandela was also mentioned in the will.

He also left funds to children and grandchildren.

Mandela left money to various institutions of education which he attended, namely Qunu Junior Secondary School, Orlando West High School and the University of Fort Hare, with R100,000 going to each.

Moseneke read this line out verbatim from the will, "I am particularly concerned about the educational needs of the children of Qunu in respect of scholarships and bursaries."

Money was given to the ruling African National Congress, requesting that it be at the discretion of executives to spread principles and policies of the organisation.

He also left R1,5 million to the Mandela Family Trust, plus royalties.

Moseneke said he was not aware of anyone contesting the will.

He says there are three separate Mandela trusts and the document will have to be carefully studied to understand the implications for each of them.

Madiba passed away at his Houghton home on 5 December and at the age of 95.

He was buried in the rural village of Qunu in the Eastern Cape on 15 December at a funeral service attended by 4,000 people.

_ To download Mandela's full will click on the link _ http://bit.ly/1kDLK9q.