Nelson Mandela's Will Revealed
The Mandela Foundation has revealed the contents of former South African President Nelson Mandela’s will on Monday.
Executor Justice Dikgang Moseneke, summarizing the 40-page document, said he was "not aware of any contest" to the will, BBC reported.
Mandela distributed his USD 4.1M estate among his wife Graca Machel, family members, staff, schools and the African National Congress (ANC).
Royalties from his books and other projects, as well as his homes in Johannesburg, Qunu and Mthatha were left to a family trust.
Close personal staff each get 50,000 South African rand (app. USD 4,400). Schools the former South African president attended are due to receive 100,000 rand.
Mandela also left 100,000 rand to each of four other educational institutions, for bursaries and scholarships.
The reception of Mandela’s will by his family was "charged with emotions but it went well," said the executor, and added that the Mandela family were "well pleased" by his will, BBC informed.
The family trust will receive 1.5M rand, plus royalties.
The ANC will also receive some royalties, to be used at the discretion of the party's executive committee, to spread information about the principles and policies of the ANC, particularly about reconciliation.
There is a 90-day period in which the will can be contested.
- » CoE: Grey Economy Results in Losses of EUR 40 B per year in Romania
- » Slovenia Re-Launches Privatization of 15 State-Owned Companies
- » Russia Forced to Pay USD 50 B to Former Yukos Owners
- » Romania, US to Launch Observation Flights over Russia, Belarus
- » Greek Civil Servants to Stage Strike in Athens
- » Hamas Agrees to New 24-Hour Ceasefire in Gaza