Paul Mashatile, the deputy president of South Africa, resides in a palatial residence estimated to have cost R37 million. His son and son-in-law own the firm that holds the deed to the residence. His daughter’s husband is involved in state contracts.
Deputy President Paul Mashatile has found himself embroiled in controversy due to his residence in a lavish R37 million mansion, which he did not pay for. According to News24, the property is registered under a company owned by his son and son-in-law, with the latter having business ties to the state.
Situated in the prestigious Waterfall estate in Midrand, Johannesburg, Deputy President Mashatile resides in this opulent house, worth a staggering R37 million.
The property is officially registered as a 99-year lease to Legacy Properties, according to deeds records.
Interestingly, the directors of Legacy Properties are Mashatile’s son, Thabiso, and his son-in-law, Nceba Nonkwelo, who has been married to Mashatile’s daughter, Palesa, since at least 2006.
To fund the purchase, Legacy Properties obtained a loan from Nonkwelo’s company, Nonkwelo Investment Holdings (NIH), and a R37 million bond was registered in NIH’s name, as confirmed by the deeds office records.
It is noteworthy that the Waterfall land is owned by the Waterfall Islamic Institute, while the Attacq Waterfall Investment Company (AWIC), owned by Attacq, a real estate sector capital growth fund listed on the JSE, holds a 99-year lease to develop and manage the property.
The development, spanning 12 to 15 years, will encompass commercial and retail spaces, secure residential estates, retirement villages, a Netcare hospital, and schools, including a Reddam House private school. The Mall of Africa serves as the nearest shopping mall in the vicinity.
The rights to develop residential properties in Waterfall Estate were secured by Century Property Developments, a prominent property development group. The residential estates within the area include the Waterfall Country and County Village Estate, the Equestrian Estate, as well as the Waterfall Valley and Waterfall Hills mature lifestyle community estates.
In a separate incident, Deputy President Mashatile’s security detail was caught on camera assaulting three members of the South African National Defence Force (SANDF) in Midrand. Following the emergence of the video, the VIP protection unit members involved in the assault were suspended, as confirmed by the police.
The ownership controversy surrounding Deputy President Mashatile’s luxurious Waterfall mansion and the recent assault incident have generated significant public attention and raised concerns about transparency, accountability, and the responsible exercise of power. The developments surrounding these incidents are closely watched by the public and require further scrutiny to ensure that proper legal and ethical standards are upheld.