Mandla Mthembu is a 68-year-old South African entrepreneur and businessman. He rose to prominence as a result of his lavish spending and lavish lifestyle. The majority of people became familiar with Mandla when he got married to the South African actress Khanyi Mbau.
If you Google the current Mandla Mthembu Net Worth according to Forbes, you would be presented with a host of results that might confuse you. But within those results, there are some recurring results you would find in the list.
He is the founder and owner of Sechaba Printing company later changed to Sechaba Photoscan and the owner of Martial Eagle Investments.
Mandla Mthembu
In 2010 it was reported that most of his millions had vanished to an extent that he couldn’t afford accommodation. Since then he has become silent and most Mzansi fans wonder where is he today.
Mandla Mthembu Biography Facts
Full name: Mandla Mthembu
Gender: Male
Date of birth: 1954
Place of birth: Soweto, Gauteng Province
Occupation: Businessman
Financial Status: Millionaire
Companies: Martial Eagles Investments, Sechaba Photoscan
Spouses: Dolly Matshabe (div), Khanyisile Mbau (m- 2006, div- 2009)
Children: two (Nelisiwe and Khanukani)
Mandla Mthembu Early life
Mandla Mthembu was born in 1954 probably in his mother’s hometown in Soweto, Gauteng Province in South Africa. He was raised in Soweto under his mother’s roof where he obtained his primary and secondary school education. There is no record of where he obtained his tertiary education which shall be added to his biography once it’s public.
Business career of Mandla Mthembu
Most people wonder how Mandla Mthembu became a millionaire and lived a luxurious lifestyle with his ex-wife Khanyisile Mbau. Firstly Mandla had a long history of doing business in the media and news industry. He started as a journalist working for other media companies until he started his media businesses. His first companies were Sechaba Holdings and Sechaba Printing.
After that, he became the founder and owner of the printing company Sechaba Photoscan founded in 2000, and the owner of Martial Eagle Investments which had interests in investing in banking and financial services.
In 2004 his Sechaba Photoscan company successfully sued Transnet for R57 million (rands) for defrauding them of a tender by redirecting the tender to a company that had ANC links. The Johannesburg High Court ruled in favor of Sechaba Photoscan and the Bloemfontein High Court rejected Transnet’s challenge against the Joburg Court ruling leading to a successful sue against Transnet.
Then October 2007 Mandla was reported by media that he was planning to buy 55% of Johnnic Communications shares. This meant that he was going to control 55% of Johncom and gain control of the lucrative Sunday Times, the country’s biggest weekly newspaper.
Luxurious lifestyle with Khanyi Mbau
Mandla lived a luxurious lifestyle with Khanyi Mbau. They would show off their Lamborghinis, Potches, and other luxurious cars, and mansions. During that time he lived in R100 000 rented house and boasted about expensive overseas trips. This made Mandla very popular to fans of Kanyi Mbau who by the time was an actress on South African soapies.
Mandla Mthembu Networth as of 2007
In 2007 it was reported that Mandla Mthembu’s Networth was estimated to be R2.5 billion (rands) although it was unclear how they reached to these figures. He also received R57 million rands from Transnet after being defrauded for his multimillion-rand tender. This must’ve boasted his net worth by then, but it started to decrease for some unknown reasons.
Personal life of Mandla Mthembu, children, poverty, and wives
Mandla Mthembu was once married to Dolly Matshabe and was blessed with a daughter Nelisiwe. They got divorced probably because Mandla had an affair with Kanyi Mbau whom he later married in 2006. They also were blessed with a daughter Khanukani. When he was married to Kanyi Mbau, reports started to spread around that Mandla was broke and he couldn’t buy his daughter a textbook but he denied these claims saying his ex-wife was trying to tarnish his name.
“I made an arrangement with my ex-wife to buy the book before I left for the US and she agreed. I am surprised now to hear that I could not afford to buy the book and that I gave her R10000 instead of R18000 because I did not have enough money,” said Mthembu in a 2007 publication.
In 2010 worse news reports were made about him that he couldn’t afford to support himself and his two children. His financial status had deteriorated to an extent that he couldn’t afford to pay rent for his own accommodation.
He was sued for 2.6 Million rands by West Bank for failing to honor their payment agreement for one of his luxurious cars. And he also owed R160 thousand rands after skipping four installments on another Lamborghini financed by Absa. He had a warrant of arrest after failing to pay maintenance for his two children since 2009.
In the last reports, he was leaving in the backroom of his friend after being evicted from a motel for not paying rent and was ashamed to go to his mother’s house in Soweto in fear of being mocked by the public.
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