Who is Mike Nkuna? Age, sons, wife, profiles, contact details, net worth
Dr. Mike Nkuna is a wealthy businessperson from South Africa. He is the Executive Chairman and founder of Masingita Property Investment Holdings. In addition, he owns over ten malls in Mzansi and many franchises in different cities in the country. All these contributions have made the tycoon an inspirational figure for people seeking to venture into property development.
Source: UGC
TABLE OF CONTENTS
- Profile summary
- Facts about Mike Nkuna
Mike Nkuna's contributions to Mzansi's real estate sector have attracted the attention of the entire globe. His most notable contributions can be seen in the rural and township regions. What most people do not know about Mike is that he never had anything growing up. However, his humble beginnings did not define his future but led to abundance. Read his story below.
Profile summary
| Full name | Michael Khazamula Nkuna |
| Gender | Male |
| Place of birth | Xitlhelani in Limpopo, South Africa |
| Residence | Giyani, Limpopo, South Africa |
| Nationality | South African |
| Ethnicity | African |
| Tribe | Tsonga |
| Hair color | Black |
| Eye color | Brown |
| Sexuality | Straight |
| Marital status | Married |
| Spouse | Amu Nkuna |
| Children | Esley Hangi (deceased) and Lesley Bumba |
| Profession | Property developer and businessman |
Who is Doctor Mike Nkuna?
Most South African residents know him as a real estate magnate with a chain of properties in the country. His story accurately portrays a man born without much but who built himself to millionaire status.
Where did Mike Nkuna come from?
He was raised in a humble family in the rural village of Xitlhelani in Limpopo. Mike grew up herding his father's cattle, not knowing he would someday become one of the most successful business people in his country.
Mike Nkuna's age
His age remains a mystery. However, he is believed to have been born between 1950 and 1960, bringing his age to range between 64 and 74 years as of 2024.
Source: Original
Career history
Mike ventured into business by working in his father's butchery to help support his family. After three years, he left the family business and started a construction company to take advantage of the subsidies the apartheid government was offering to black residents.
How did Mike Nkuna make his money?
He became a millionaire through property development. Mike formed the Masingita Group of Companies in the 1970s. His first breakthrough was in 1983 when the Soweto municipality offered to sell Nkuna a plot of land for R100 000. He gladly accepted the offer and purchased the land after securing a loan from Perm Bank.
The BP filling petrol station approached the entrepreneur, offering to buy the plot from him. Mike declined the offer but requested that BP help him develop the land into a small shopping center.
After getting an offer, he approached Shell and got a better deal. Mike returned to BP with Shell's offer, forcing them to up their offer. They did but forced him to sign the papers on the spot. At that moment, Nkuna realized the value and potential of commercial property.
He established his first filling station in Johannesburg after he was granted R1 million under different circumstances. After getting a loan, it was said that a black man had broken the bank because black people were not allowed to own land and have access to financial institutions.
He used the loan to build a small shopping center, which opened in 1986 and became Soweto's first organized shopping outlet. Seeing its success, Nkuna was motivated to develop similar projects around Soweto. Due to the success of his shopping centers, he decided to build malls. Today, he owns many business projects countrywide.
Source: UGC
How rich is Mike Nkuna?
The Mzansi property developer is among the wealthiest people in the province of Limpopo. Some publications estimate his worth over R4 billion, but Nkuna has yet to confirm this information.
Mike Nkuna's businesses list
He is the chairman and founder of Masingita Property Investment Holdings (Pty) Ltd. He is also a director and shareholder in:
- AuctionInc (Pty) Ltd
- Illungile Consulting Services
- Leopant 299 Properties (Pty) Ltd
- Mable Group, which owns VW and Audi Centre in Polokwane
- Masingita Property Investment Holdings (Pty) Ltd
- Periscopic Masingita (Pty) Ltd
- Sindawonye Granulators (Pty) Ltd
- Vlamin (Pty) Ltd
- Xisaka Investment and Trading (Pty) Limited
Retail and filling station franchises
The property tycoon owns many retail and filling station franchises in South Africa, including:
- Excel Garage – Malamulele
- BP Garage – Soweto
- Sasol Garage – Bosworth, Alberton
- Shell Garage – Giyani
- Shell Garage – Soweto
Source: UGC
Which malls are owned by Mike Nkuna?
The tycoon has built numerous malls in South Africa. Below is Mike Nkuna's malls list:
- Aeroton Convenience Centre – Nasrec
- Bara Mall – Soweto
- Diepsloot Mall – Diepsloot
- Jabulani Mall – Soweto
- Mangalani Convenience Centre – Giyani
- Mangalani Convenience Centre – Soweto
- Mangalani Shopping Centre – Malamulele
- Masingita Shopping Centre – Giyani
- Masingita Mall – Giyani
- Masingita Plaza – Giyani
- Masingita Towers – Sandton
- Morena Mall – Mahikeng
- MotorTown – Giyani
- Nkuna Krall Mall – Giyani
- Prorea Glen Mall – Soweto
Buildings and complexes
The entrepreneur owns the following complexes:
- Aeroton Convenience Centre – Nasrec
- Makhado Crossing – Venda
- Mangalani Convenience Centre – Giyani
- Mangala Convenience Centre – Soweto
- Mangalani Shopping Centre – Malamulele
- Masingita Plaza – Giyani
- Masingita Towers – Sandton
- Masingita Shopping Centre – Giyani
- MotorTown – Giyani
Source: UGC
Who is the owner of Nkuna Kraal Mall?
South African entrepreneur Mike Nkuna owns Nkuna Krall Mall in Nkuzana Village. His company, Masingita Group of Companies, built it. The mall also bears his name and he cut the ribbon during its official opening in 2022.
Who is the owner of Jabulani Mall and Masingita Mall?
Businessman Mike Nkuna from South Africa owns Jabulani Mall in Soweto and Masingita Mall in Giyani. The malls were built by his company, Masingita Group of Companies.
What is Mike Nkuna's cars company?
The Marble Gold Motor Group became the first 100% black-owned motor dealer group in the Volkswagen South Africa group dealer network. It is owned by commercial property development pioneers Mike Nkuna of Masingita Group of Companies and Seabelo Theledi of Ntwese Developments. The two bought the company from Imperial Holdings in 2004.
Is Mike Nkuna a billionaire?
Mike Nkuna's net worth is unknown, but his commercial property portfolio in the Soweto township alone was estimated at over R2 billion before the 2021 civil unrest in South Africa. Nkuna's Jabulani and Protea malls in Soweto were valued at R1.4 billion and R700 million, respectively, before they were destroyed in the unrest.
Mike was disappointed by the violent lootings and destruction that happened at his Bara Mall, Jabulani Mall, and Protea Mall. His business empire had survived the volatile 1976 uprising because the locals protected the businesses owned by black people.
Nonetheless, he was determined to rebuild the malls and restore them to their former glory. His most challenging task was to convince fearful tenants to return their businesses to Soweto.
Where is Mike Nkuna's house?
Nkuna moved his family to Giyani in 1990 to be close to the projects he was developing. He built two shopping centers in the area, which Absa Bank financed.
Who is Mike Nkuna's wife?
The South African property developer is married to Amu Nkuna. The couple had two children, Esley Hangi (deceased) and Lesley Bumba. Her LinkedIn profile states she is the CEO of Masingita Facilities Management Services.
Source: UGC
Mike Nkuna's son's death
Amu Nkuna and Mike Nkuna's son, Esley Hangi Nkuna, died on Monday, 19 September 2022. Although the business tycoon never revealed details of his death, he did describe Esley's death as a moment of great sadness for him and his family.
Mike Nkuna's smart city project
With the evolution of technology and climate change, the property mogul plans to build an R5 billion smart city at Nkuzana Village in Limpopo.
ICYMI delegates, community representatives, and Dr. Mike Nkuna conducted a site visit on 26 May 2022 to check the progress of the Nkuna Krall Mall in Nkuna City.
Did Mike Nkuna buy Kaizer Chiefs?
He is a board member and owns shares at Kaizer Chiefs but does not own the club. In March 2024, the mogul refuted rumors suggesting his intention to purchase the club, bring in new players, and change the management.
Facts about Mike Nkuna
- He is a 63% strategic partner of Nedbank.
- Tshwane University of Technology (TUT) awarded him an honorary doctorate in Management Sciences and Organizational Leadership for pioneering retail development.
- He received a Doctor of Philosophy honoris causa from the University of Johannesburg (UJ) during its 2021 virtual graduation ceremony.
- He attends tribal meetings at his village and contributes to their council's governance issues.
- He is an active member of the Limpopo Chamber of Commerce and Industry.
- He is a member of the South African Property Owners Association.
- He is a member of the South African Council for Shopping Centers.
Mike Nkuna is a wealthy businessman from the province of Limpopo. His story portrays how hard work can move you from rags to riches. In addition, his vast contribution to the rural and township economies is outstanding.
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