Saturday, April 13, 2013

Mandela’s Children in dispute over Mandela’s companies


Daughters of South Africa’s first black President Nelson Mandela have launched a court action to oust three of his aides from companies linked to him, a local newspaper reports.
Makaziwe and Zenani Mandela allege the three have no right to be on the boards of two companies worth about $1.7m (£1.1m), The Star reports.
One of the accused, Mandela’s lawyer George Bizos, denied the allegation.
The case comes amid growing concern about the health of Mandela, 94.
On Saturday, he was discharged from hospital after being treated for a recurring lung infection and pneumonia.
Mandela had fluids drained from him.
His latest stay in hospital was his fourth in two years.
Makaziwe and Zenani Mandela filed court papers on Tuesday, alleging that Mr Bizos, Housing Minister Tokyo Sexwale and Mr Mandela’s ex-lawyer Bally Chuene were never appointed as shareholders or directors of Harmonieux Investment Holdings and Magnifique Investment Holdings, The Star reports.
The two companies were set up to channel money from the sale of artwork, bearing Mr Mandela’s signature, for his and his children’s benefit.
“All three – Bizos, Chuene and Sexwale – were invited to resign as directors, which invitation they declined,” Makaziwe said in an affidavit, the newspaper reports.
“Bizos, Chuene and Sexwale were not formally appointed by the shareholder [Mandela] of the companies by way of any resolution.”
Bizos, a respected human rights lawyer and close friend of the former president, told The Star that they would defend the case.
Mandela’s daughters were trying to “get their hands on things that should not be sold”, he said.
“There is no basis to the allegations. We are not hijackers,” Bizos is quoted as saying.
“The public should ask themselves why five years later these allegations are being laid. We are confident we were regularly appointed at the wish of Mr Mandela five years ago.”

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