3:52 AM / Thursday October 1, 2020

12 Apr 2013

South Africa report: Dispute over Mandela companies

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April 12, 2013 Category: Diaspora Posted by:

ABOVE PHOTO: Nelson Mandela.

(AP photo)

By Christopher Torchia

Associated Press

JOHANNESBURG — Nelson Mandela’s children have launched a court case against several longtime associates of the former president in a dispute over the
control of two companies, a South African newspaper reported Wednesday.

The case was filed Monday in the Johannesburg High Court by Mandela’s daughters, Makaziwe and Zenani Mandela, reported The Star, and was supported by the
grandchildren of the anti-apartheid leader, who recently left a hospital after treatment for pneumonia.

The main purpose of the companies was to channel funds from the sale of 94-year-old Nelson Mandela’s handprints for the benefit of the Mandela family. The
proceeds are estimated to be worth about $1.7 million, reported The Star, without citing sources.

The court papers said lawyers George Bizos and Bally Chuene, and businessman Tokyo Sexwale, have no right to remain as directors of Harmonieux Investment
Holdings and Magnifique Investment Holdings because they were not properly appointed.


“All three — Bizos, Chuene and Sexwale — were invited to resign as directors, which invitation they declined. Bizos, Chuene and Sexwale were not formally
appointed by the shareholder (Mandela) of the companies by way of any resolution,” Makaziwe Mandela said in an affidavit, according to The Star.

Makaziwe Mandela declined to comment on the newspaper report when contacted by The Associated Press.

The court papers also referred to allegations that the three men had failed to perform their duties at the companies with “due care, skill and diligence,”
the newspaper reported.

Bizos, who defended Mandela during the apartheid years, denied the allegations and said he and his associates were appointed on the wishes of the former
president five years ago, reported the newspaper.

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