Mandela’s Company Directors Fight Daughters’ Bid to Oust Them

South African Minister of Human Settlements Tokyo Sexwale and lawyers George Bizos and Bally Chuene opposed an application to remove them as directors from two companies started by Nelson Mandela.

Makaziwe Mandela and Zenani Dlamini, the daughters of South Africa’s first black president, filed papers with the High Court in Johannesburg on April 9 to have the three men removed, their law firm Norton Rose said in an e-mailed statement today.

“We are instructed to record our clients’ complete rejection of the scurrilous allegations made by the applicants in their papers,” Norton Rose said. Sexwale, Chuene and Bizos, an anti-apartheid lawyer who represented Mandela at his 1964 trial for sabotage and conspiracy, were “were identified by Mr Mandela and were in due course lawfully appointed,” it said.

Mandela’s daughters want the men removed as directors from Harmonieux Investment Holdings and Magnifique Investment Holdings, which have generated about 15 million rand ($1.7 million) in revenue from the rights to Mandela’s handprints, the Johannesburg-based Star newspaper reported today.

Mandela, 94, is recovering from a lung infection at his Johannesburg home after spending 10 days in a hospital in the capital, Pretoria.

To contact the reporter on this story: Franz Wild in Johannesburg at fwild@bloomberg.net

To contact the editor responsible for this story: Nasreen Seria at nseria@bloomberg.net

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