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.
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.
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