CEOAFRICA gathered that Nelson Mandela’s daughters have withdrawn a high-profile court battle to remove four directors appointed by their ailing father and take control of the two companies set up to manage proceeds from his iconic handprints.

According to source, Mandela’s daughters had argued that 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 which included human rights lawyer and Mandela’s personal friend George Bizos, former cabinet minister Tokyo Sexwale and his ex-lawyer Bally Chuene however said through their lawyers that 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.