How much is Mall of Africa worth? Once you get to Waterfall City in South Africa’s Midrand, Gauteng area, this shopping complex stands out. The sheer touch of architectural perfection here leaves you wondering how much it cost to put up the mall. Well, its construction cost is north of R3.5 billion, making it one of the most expensive South African malls to ever exist. The Mall of Africa is exquisite and very unique.
It personifies a ‘little Europe’ in one of South Africa’s richest neighbourhoods. There is no greater feeling than taking in the splendour of the Mall of Africa, the hippest shopping centre in South Africa. Opulence and style are the new standard as you enter this stunning piece of architecture with more than 300 stores. They cater to the needs of the upper class in Waterfall City and beyond. The complex was named the coolest mall in 2019 in the annual Sunday Times Generation Awards.
Who is Owner of Mall of Africa?
South African business entity Attacq Ltd owns the Mall of Africa. Attacq is a pioneer in green energy, with a 100% stake in the mall. It bought a 20% stake from Atterbury Group in June 2024, now adding the mall to its multi-billion-dollar empire in its real estate portfolio. This mall is among the few entities in the world with an intricate rooftop Solar PV system. This is a massive investment, which made people wonder how much is Mall of Africa worth?
The beautiful geological formations and breathtaking landscapes of Africa inspired its architectural design. Luxury outdoor dining places with a picturesque view of Sandton also inspired its hippy and posh outlook that took four years to build. Given South Africa’s population and status quo, Attacq Ltd, chose green energy to power up the mall. Tons of complex rooftop Solar PV installation systems dot its rooftop, making it one of the few establishments in South Africa to switch to solar power.
An aerial view of the Mall of Africa. Photo/Anoslighting
How Much is Mall of Africa Worth?
A staggering $300 million answers how much is Mall of Africa worth in 2025. Its value appreciated over the years from its initial construction cost of $192 million. Attacq collects an estimated $31.9 million in monthly revenue from this Gauteng-based shopping complex. Just like its name, it is symbolic of the fine things in life. The size of this complex houses leading local and international fashion brands.
They include:
- H&M
- Michael Kors
- Versace
- Zara Home
- Starbuckc
- Woolworth
- Mango Man
Armani Exchange and Emporio Armani are among the 300 flagship stores that have set up base here.
Mall of Africa. Photo by Mall of Africa
How Many Shops are in Mall of Africa?
Besides burning question on how much is Mall of Africa worth, it boasts of housing 300 shops in the complex. Due to its modern vibe, millions of South African youths closely associate themselves with the Mall of Africa. The general manager of the mall Johann Fourie, suggests that the shopping centre is more than just a four-letter word. Fourie says the mall is a lifestyle destination for thousands of people. It completely changed shopping patterns by South Africans because of its hippy outlook and fashionable goods.
One of the attractions in the Mall of Africa is Crystal Court. The court is home to several opulent, well-known fashion labels that the majority of South Africans identify with. African art shows are also conducted regularly throughout the year here. In Gauteng, your next referral for quality art work will always be the Mall of Africa. It features more than 500 pieces of artwork with over 130 artists displaying their work. In conjunction with South African Fashion Week, the Mall of Africa hosted a Menswear Designer Pop-Up shop in June 2019. (SAFW).
