CHAIRMAN – Masingita Property Investment


Mike Nkuna grew up herding cattle and later worked in his father’s butchery in Soweto.[1]


Mike Nkuna is the Executive Chairman and founder of Masingita Property Investment Holdings (grounded on real estate, real estate management, property investment and investment holdings). He is a pioneer developer of property in previously disadvantaged areas.[2] In July 2021, Nkuna’s Bara Mall, Protea Glen Mall and Jabulani Mall were among those that were damaged in the unrest which started in KwaZulu-Natal and spread to Gauteng, hitting Soweto, Vosloorus, Mamelodi and Katlehong the hardest.[3] In July 2021, Nkuna’s commercial property portfolio in the township was estimated at over R2-billion. His business empire survived the volatile 1976 uprising.[4]

Nkuna’s Masingita Group of companies owns:

  • Masingita Shopping Centre – Giyani
  • Aeroton Convenience Centre – Nasrec
  • Masingita Plaza – Giyani
  • Mangalani Convenience Centre – Soweto
  • Mangalani Convenience Centre – Giyani
  • Mangalani Shopping Centre – Malamulele
  • MotorTown – Giyani
  • Bara Mall – Soweto
  • Jabulani Mall – Soweto
  • Masingita Mall – Giyani
  • Diepsloot Mall – Diepsloot
  • Masingita Towers – Sandton
  • Protea Glen Mall – Soweto
  • Makhado Crossing- Venda

Mike Nkuna also acquired franchises in various retail and filling stations brands and operates these facilities:

  • Exel Garage – Malamulele
  • Shell Garage – Giyani
  • Sasol Garage – Bosworth, Alberton
  • BP Garage – Soweto
  • Shell Garage – Soweto

He is also a shareholder and director of the following companies:

  • Xisaka Investment and Trading (Pty) Limited.
  • Sindawonye Granulators and Processors (Pty) Limited.
  • Leopont 299 Properties (Pty) Ltd.
  • Masingita Property Investment Holdings (Pty) Ltd.
  • Vlaming (Pty) Ltd.
  • Illungile Consulting Services.
  • AuctionInc (Pty) Ltd.
  • Periscopic Masingita (Pty) Ltd.
  • Marble Group which owns VW and Audi Centre Polokwane.[5]