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

Energising Progress with Africa’s Largest Standalone Battery Facility

We are proud to have played a pivotal role in one of Africa’s most significant energy milestones: the Red Sands Battery Energy Storage Project which is set to become the continent’s largest standalone battery energy storage facility to date to move towards construction.

DEALS

Supporting expansion in SA’s healthcare property market

Absa CIB partners with Growthpoint Healthcare Property Holdings on a R950 million facility to finance healthcare infrastructure.

DEALS

Connecting African Growth with Global Capital

Absa Corporate and Investment Banking supported Ecobank Transnational Inc.’s (ETI) landmark $125 million Eurobond Tap - the first African financial institution issuance in international markets following the tariff-related US market disruption.