About Us

A real estate company with a purpose

Who we are

Nthoese Development is a black-owned property development and management company formed in 1993. The company has developed a formidable track record within the South African property investment and development industry with expertise spanning across a range of sectors which include: Retail, offices, and Residential. Nthoese owns a property portfolio of dominant retail malls anchored by national retailers in non-metropolitan areas and government tenanted office buildings in Gauteng and Mpumalanga Province. Nthoese’s strong and sustained footprint within the property development and investment industry is underpinned by a strong balance sheet and strategic relationships particularly with South African financial institutions and various industry stakeholders.

SAPOA Property Development Awards for Innovative Excellence

The new Bambanani Shopping Centre in Diepsloot, built by Nthwese Development, won the Rural & Small Town Development Award at the prestigious SAPOA Property Development Awards for Innovative Excellence last week. “Bambanani Shopping Centre contributes towards improving the quality of life for the community of Diepsloot."

SA Property Insider

2018

Charity Initiatives

In an effort to help underprivileged communities, churches, orphanages, and public schools whose institutional efficiencies have been disproportionately affected by the COVID-19 pandemic, Nthoese Development has committed to donating R500 000, 00 worth of office furniture.

Nthoese Development

2020

Founder Remarks

Investing in a retail shopping centre is investing in the communities we serve. We have seen the positive impact our development have made on the lives of people living in the areas and it is this kind of impact that drives me to continue to do what I do.

Herbert Theledi

Founder & Managing Director

Small-Town Development Award

Nthoese Development Bambanani Shopping Centre in Diepsloot won the Rural and Small-Town Development award at the 2018

Nthoese Development

2018

BEE Status

We are a 100% black-owned company that is constantly striving to uphold our commitment to socio-economic development in South Africa. Within the property industry, we support sustainable economic development and job creation throughout our value chain, from deal sourcing to project implementation.

Our project procurement strategies are aligned with the Property Charter which sets the framework and establishes the principles for implementation of BBBEE within the sector. As one of the few black owned property companies, Nthoese is conscious about playing its role in helping to correct skewed property ownership and transformation in the sector.

Modern Luxury Real Estate Awards

Remax Lifetime Achievement Award

European Property Awards Winner