Row rect Shape Decorative svg added to bottom Fuelling stories of sustainable growth in local communities Absa | Corporate and Investment Banking > Insights and Events > Fuelling stories of sustainable growth in local communities SHARE 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. Contact us for more information https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Supporting cleaner fuels and long-term energy resilience Natref is investing in refinery upgrades that support cleaner-fuel readiness, operational continuity and South Africa’s inland fuel supply. Read more DEALS Absa supports Growthpoint Healthcare Property Holdings’ expansion into the senior living sector The appointment of Absa as Master Custodian to South Africa's Government Employees Pension Fund (GEPF) has understandably attracted attention within institutional investment circles. The GEPF is not only Africa's largest pension fund but one of the continent's most significant pools of long-term capital. Read more DEALS Absa supports Ilitha’s expansion of fibre connectivity across underserved communities Absa Corporate and Investment Banking (CIB) has successfully supported Ilitha Telecommunications through a R500 million financing facility that will enable the expansion of its fibre network across South Africa’s township economies. Read more
