Deputy President Paul Mashatile lives in R37m Waterfall Mansion

Dennis TJuly 12, 2023

973 2 minutes read

Deputy President Paul Mashatile lives in a R37 million mansion but he didn’t pay for it. The house is registered in the name of a company whose sole directors are his son and son-in-law. And his son-in-law does business with the state.

Deputy President Mashatile is living in this luxurious R37-million house owned by his son-in-law and one of his children, and located in an exclusive Waterfall estate in Midrand, Johannesburg.

The property is registered on a 99-year lease to Legacy Properties, deeds records show. According to company records, the directors of Legacy are Mashatile’s son, Thabiso, and his son-in-law, Nceba Nonkwelo, who is married to his daughter, Palesa who has been married since at least 2006.

Legacy Properties funded the purchase with a loan from another of Nonkwelo’s companies, Nonkwelo Investment Holdings (NIH), and a R37-million bond was registered in NIH’s name, according to deeds office records.

The Waterfall land is owned by the Waterfall Islamic Institute. The Attacq Waterfall Investment Company (AWIC), which is owned by Attacq, a JSE-listed capital growth fund in the real estate sector, has been given a 99-year lease on the land to develop and run the property.

The development, which will take between 12 and 15 years to complete, will comprise commercial and retail developments, surrounded by secure residential estates, retirement villages, a Netcare hospital and schools, including a Reddam House private school with the closest shopping mall being The Mall of Africa.

The rights to develop residential property in Waterfall Estate were secured by property development group Century Property Developments. The residential estates include the Waterfall Country and County Village Estate, the Equestrian Estate, as well as the Waterfall Valley and Waterfall Hills mature lifestyle community estates.

Deputy President Paul Mashatile’s security detail were caught on camera assaulting three SA National Defence Force members in Midrand last week.

The VIP protection unit members caught on video assaulting young men on the side of the N1 in Johannesburg were suspended, police confirmed.

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