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Meet the man who owns more than ten malls in South Africa

Mike Nkuna is a wealthy businessman and a billionaire from the province of Limpopo. In 1979, he began working in the butcher shop owned by his father. Later, he grew the business by establishing franchises in numerous regions.

In the end, he formed Masingita Property Investment Holdings (grounded on real estate, real estate management, property investment and investment holdings). It is primarily his efforts to rural and township development that have contributed to his notoriety.

Nkuna's Masingita Group owns the following companies:

The Nkuzana Nkuna Kraal Mall

Shops at Masingita in Giyani

Aeroton Convenience Store in Nasrec

Giyani at the Masingita Plaza

The Mangalani Convenience Store is located in Soweto.

Mangalani Convenience Center - Giyani

Mangalani Mall is located nearby Malamulele.

Giyani - Vehicle City

The Soweto Bara Mall

Jabulani Mall, Soweto

The Masingita Mall in Giyani

Shops at Diepsloot Mall

Masingita Towers in Sandton.

Soweto's Protea Glen Mall.

Machado Crossing-Venda

Mike Nkuna, who also owns a variety of retail and gas station franchises, operates the following businesses:

The Malemulele Exel Garage

Infiniti Giyani Shell Garage

Sasol Garage in Bosworth, Alberta.

Soweto's BP Service Station

A Shell Garage in Soweto.

Additionally, he is a director and stakeholder of the following businesses:

Investment and Commerce Limited by Xisaka (Pty).

Sindawonye Granulators and Processors (Pty) Ltd.

By Leopont 299 Properties (Pty)

The Masingita Property Investment Holdings, Pty. Ltd.

"Vlaming (Pty) Ltd."

The Consultancy Services of Illungile

AuctionInc (Pty) Ltd.

The Periscopic Masingita (Pty) Limited

The Marble Group is the owner of Audi and VW Center Polokwane.

His precise wealth is unknown, although after his Protea Glen and Jabulani malls were damaged by looters and rioters in July 2021, their estimated values were found to be R700 million and R1.4 billion, respectively.

Mike Nkuna is a director on the board and a minority shareholder in the football team Kaizer Chiefs, hence he is associated with both organizations.

Content created and supplied by: AbundantGrace (via Opera News )

Giya Masingita Property Investment Holdings Mike Nkuna Nkuna South Africa


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