CHAIRMAN – Masingita Property Investment
Background
Mike Nkuna grew up herding cattle and later worked in his father’s butchery in Soweto.[1]
Businesses
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]