Tuesday, 23 April 2013

# Africa News # Gossip

Nelson Mandela's daughters accused of 'greed' over their father's £1million trust fund

     Makaziwe Mandela Zenani Mandela pictured with her father Nelson
Two of Nelson Mandela's surviving children have been accused of greed by friends of the former South African president after details of a legal dispute over his financial legacy became public.

Mr Mandela's daughters Makaziwe and Zenani are embroiled in a bitter battle with two of their father's oldest friends over the control of a trust fund holding £1million of his wealth.

The money was placed in the fund by Mr Mandela in 2005 to be distributed to his children only in the event of hardship as he wanted them to forge a career of their own rather than live off his money.

He is said to have set up the fund after 'losing trust' in his children with the money intended for 'specific circumstances' and not general use.

According to the Daily Telegraph, Mr Mandela is said to have put the money in a trust fund to stop his children from fighting over it because he 'did not trust' them.

It is believed that the 94-year-old feared that his surviving children would feel 'entitled' to the money because of his 27 years in jail.

But a group of Mandela's grandchildren say that they are all employed and denied accusations of greed.

Mr Mandela's third daughter, Zindzi, is not involved in the court action.

A recipient of the Nobel Peace Prize, Mr Mandela has not been seen in public since 2010 and has been in hospital twice in recent months.

He is currently receiving medical care at his Johannesburg home and is not thought to be in good enough health to mediate in the row.

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