We see Africa Ahead. We envision a continent where social infrastructure bridges the divide between potential and prosperity, empowering rural and township communities with access to retail, housing, and facilities that foster economic inclusion and self-sufficiency.
We are passionate about serving the underserved, we seek to invest in opportunities that integrate these areas – home to 50.5 million people with an economy set to exceed R1 trillion by 2027 – into the formal market, creating jobs and markets for industrial outputs.
Ntonga Capital’s focus on industrial logistics and real estate is guided by a long-term view of Africa’s urban and economic evolution. We invest in high-quality, cash-generative properties that anchor economic activity and create dependable income streams. These include retail and rural malls serving fast-growing township and peri-urban markets, affordable housing developments that respond to South Africa’s pressing urbanisation needs, and mixed-use facilities designed to integrate commerce, community services, and residential offerings.
Each investment is intentionally positioned to enhance mobility, stimulate local enterprise, and support sustainable urban growth—embodying the “Africa Ahead” ethos where real estate becomes a platform for inclusive development rather than isolated assets.
Our partnership with Inzalo to acquire a 30% empowerment stake in Exemplar REITail reflects our commitment to strengthening locally anchored retail ecosystems. This investment was secured through a new subscription at a 10–20% premium, signalling long-term conviction in the quality and resilience of township-centric retail. Building on this, Ntonga Capital is exploring opportunities for a 25% stake in Boxer following the IFC exit, targeting high-growth, underserved retail markets where formal retail penetration remains low.
We also pursue commercial mixed-use developments that combine retail spaces, residential units, and community-centred amenities into cohesive urban nodes. These projects are designed to offer convenience, safety, and economic vibrancy in a single integrated precinct, aligning with global trends in urban planning.
By blending uses within one development, we unlock higher land value, drive foot traffic, and create environments that support live-work-shop lifestyles for a growing urban population. These facilities play a vital role in reshaping South Africa’s urban form—ensuring that development is inclusive, connected, and reflective of Africa’s next chapter of city-building.
Ntonga Capital’s interest in purpose-built student accommodation recognises the role education plays in shaping Africa’s future labour force. Our developments are designed to offer safe, affordable, well-located housing that supports academic success and broader urban integration. Positioned near major universities and transport corridors, these facilities address the structural shortage of quality student housing while stimulating local small business activity around campuses. By investing in this sector, we contribute to building environments where young Africans can thrive, study, and participate meaningfully in the economy—reflecting our broader commitment to preparing the continent’s next generation for an Africa that is moving ahead.
Our real estate portfolio aims for over R10 billion in gross asset value by 2028, featuring assets like Centurion Mall (R1.9 billion) and Alice Lane Office (R1.6 billion), alongside international logistics in Poland – a strategic gateway leveraging its robust GDP growth exceeding 3% and deep ties to Western Europe, ensuring African exports flow efficiently into global markets.
To bridge African exports to European markets, we are targeting acquisitions in Poland’s dynamic logistics sector – a strategic gateway leveraging its robust GDP growth exceeding 3% and deep integration with Western Europe, including Germany.