Mandela daughters drop court battle

Nelson Mandela's daughters have dropped a high-profile court battle to wrest control of two companies set up to manage proceeds from his iconic handprints, lawyers said on Thursday.

Makaziwe and Zenani Mandela-Dlamini's application to remove four directors appointed by their ailing father had been "unconditionally withdrawn" and costs paid, law firm Norton Rose Fulbright said.

"This ill-considered and misguided application had the effect of causing reputational harm not only to the respondents as directors and trustees but also to the trust and the image of the founder, Mr Nelson Mandela himself," said the statement from the lawyers, who are representing the directors.

Mandela's daughters had argued the trustees were not properly appointed to Harmonieux Investment Holdings and Magnifique Investment Holdings.

The two companies were set up to channel money from the sale of Mandela's famous handprints for his family's benefit.

The four directors included human rights lawyer and Mandela's personal friend George Bizos, former Cabinet minister Tokyo Sexwale and his ex-lawyer Bally Chuene.

'Unfortunate and regrettable'
"The unfounded allegations made by the applicants cast doubt upon the legitimacy of the appointment of these directors, which had been upon the express instructions of Mr Mandela," they said through their lawyers.

"This was unfortunate and regrettable."

Earlier this year, lawyer Ismail Ayob – who himself has a chequered past with Mandela and was representing the daughters – withdrew from the case.

Ayob was himself removed from Mandela's trust after selling fake artwork and pocketing millions of dollars. He paid back nearly $100 000 in a court settlement in 2007. – AFP

We make it make sense

If this story helped you navigate your world, subscribe to the M&G today for just R30 for the first three months

Subscribers get access to all our best journalism, subscriber-only newsletters, events and a weekly cryptic crossword.”

Related stories

WELCOME TO YOUR M&G

Already a subscriber? Sign in here

Advertising

Latest stories

Four ways to help South Africa’s young people find jobs...

We need to move away from imposing ‘solutions’ on young people to seeing them as active partners

‘Justice for Marikana will only be served if we see...

The mineworker union’s Joseph Mathunjwa spoke at the ten-year anniversary of the massacre

US conduct regarding Taiwan evinces a dangerous and ignorant strain...

It underestimates the role of face-saving, which is central to Chinese culture, and the country’s priorities, such as attaining the Chinese Dream

Eskom: Stage two load-shedding tonight

Continued blackouts highly likely on Wednesday and Thursday, the energy entity added
Advertising

press releases

Loading latest Press Releases…
×