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Mzansi has frequently attempted to connect the dots on Mike Nkuna’s net worth, with more than 12 malls and several assets under his parental firm. He is a well-known businessman with a colorful property management and investment background.
He has established himself as one of Mzansi’s finest during the course of his career. In the midst of it all, he has managed to keep his personal life private. He is the executive chairman and founder of Masingita Property Investment Holdings, according to Briefly.
Mike Nkuna’s properties are dotted around South Africa. Of interest is the fact that the property tycoon owns more than ten prominent malls across South Africa. He is a true definition of Black Excellence, and his career serves as an inspiration to many.
Reports have it that he is the owner of many retail and filling station franchises, which include:
- Sasol Garage – Bosworth
- Alberton Exel Garage – Malamulele
- BP Garage – Soweto
- Shell Garage – Giyani
- Shell Garage – Soweto
Briefly reports that the celebrated property tycoon also doubles as a director and shareholder in Vlaming (Pty) Ltd and several firms, which include:
- Sindawonye Granulators and Processors (Pty) Limited.
- Xisaka Investment and Trading (Pty) Limited.
- Leopont 299 Properties (Pty) Ltd.
- Masingita Property Investment Holdings (Pty) Ltd.
- Illungile Consulting Services.
- Periscopic Masingita (Pty) Ltd.
- Marble Group, which owns VW and Audi Centre Polokwane.
- AuctionInc (Pty) Ltd.
However, according to Pindula, Nkuna’s Masingita Group of companies owns more than 12 malls, and shopping centres dotted around South Africa, which include:
- 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’S NET WORTH
In 2021 some of Nkuna’s malls were severely damaged in the unrest that rocked South Africa, which started in KwaZulu-Natal and flared to Gauteng, hitting Soweto and Mamelodi the hardest. The damaged malls included the Bara Mall, Protea Glen Mall and Jabulani Mall.
Nkuna previously told the media that when Jabulani Mall was destroyed, it was valued roughly R1.4 billion, whereas Protea Glen Mall was worth R700 million.
Mzansi has attempted to connect the dots regarding Mike Nkuna’s net worth. Despite not disclosing his net worth, he is said to be worth billions due to his properties.