Mandla accused of using trust as his own


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Johannesburg – Former president Nelson Mandela’s grandson, Mandla Mandela, faces another tough battle against his family, who have called for an audit into the Mvezo Development Trust which he chairs.

 

The multimillion-rand trust, which is meant to benefit the Mandela family and rural people, generates money from international donors and is a shareholder in a R2bn media empowerment deal.

 

However the trust’s beneficiaries have accused Mandla of using it as his own personal bank account, reported the Sunday Times.

 

Details of the trust are so closely guarded that none of the trustees, apart from Mandla, know about its finances. Even documents lodged at the Competition Commission by the consortium Sekunjalo Independent Media, which is poised to buy out Independent News and Media, do not disclose the trust’s interests or its members.

 

Instead the documents describe Mandla as the “main trustee”.

 

Speaking on condition of anonymity, a former trustee said: “He (Mandla) is an intimidating man… and no one in this community – apart from him – knows how much is in the trust’s account, where the money comes from and how it is being spent. No one has the courage to oppose or question his decisions.”

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