Row rect Shape Decorative svg added to bottom

Fuelling stories of sustainable growth in local communities

SHARE
Facebook
Twitter

We’re excited to announce that we're partnering with Cubisol Holdings in a transformative real estate deal that champions sustainable development and community impact.

As the sole financier in this R1.13 billion redevelopment of Soshanguve Mall, we’re reinforcing our commitment to sustainability and to creating value where it matters most.

Our support goes beyond funding – we’re helping Cubisol achieve its long-term sustainability goals through environmentally responsible practices. From appointing independent environmental compliance monitors, to partnering with Imbue Sustainability to explore groundwater usage, this project prioritises both ecological stewardship and community well-being.

In addition,  this redevelopment promises more than just a modern retail experience. By working with local business forums, associations and community representatives, Cubisol is actively supporting job creation, economic growth and sustainable livelihoods. The Soshanguve Mall project will create approximately 7 733 jobs during construction and over 3 700 full-time roles, thereafter, contributing an estimated R739 million in national earnings during the build phase alone.

Related Articles

DEALS

Absa supports Waco Africa’s growth ambitions with strategic funding solution

Absa Corporate and Investment Banking (CIB) has successfully supported Waco Africa with a comprehensive funding package designed to strengthen the group's growth trajectory and support its long-term strategic objectives.

DEALS

Connecting African ambition to global expertise

Absa CIB and UKEF Establish USD100 Million Trade Finance Programme. Absa Corporate and Investment Banking (Absa CIB) has entered into a strategic partnership with UK Export Finance (UKEF) to establish a USD100 million UKEF-backed headroom programme that will support African small and medium enterprises and corporates purchasing UK goods and services.

DEALS

Financing agricultural growth across Southern Africa

Absa Corporate and Investment Banking arranged a USD350m financing facility for United Capital Fertilizer Ltd (UCF) to help scale production and improve fertilizer supply across key African markets.