This was originally the Bophuthatswana Plaza, which was taken over by the Royal Bafokeng Nation (RBN) and then refurbished as the Phokeng Plaza. It has now been upgraded into the Phokeng Mall. The Phokeng Mall is a partnership between the RBN and Heriot Properties (Heriot) and is located on Bafokeng owned land.
The RBN is leasing the land to Heriot, and in return for access to the land, Heriot has completely funded the refurbishment of the Phokeng Mall. Heriot will also be responsible for the ongoing management, maintenance and upgrading of the Phokeng Mall during the lease period. This beautiful space has therefore been created without spending a cent of Bafokeng money. Heriot spent +R100m to upgrade the old Plaza to a 16 000m2 national mall with Shoprite Checkers as its anchor tenant.
During the construction phase, 30% of the contract value went to local Bafokeng-owned companies. In fact, more than 40% of the work was done by 33 local companies for a value of over R20.5 million. During the construction phase, 462 jobs were created for locals.
A minimum number of Bafokeng-owned businesses must receive space within the Phokeng Mall. To ensure that these businesses are competitive and up to the standards of a high-quality retail environment, the Royal Bafokeng Enterprise Development unit is offering a 20% rent subsidy for Bafokeng businesses (Bafokeng ownership of 50.1% and above) for a period of 3 years from the opening of the Mall, e.g. until 31 March 2018. In addition, the businesses participating in this subsidy scheme, will be supported through the Royal Bafokeng Enterprise Development’s incubation programme that ensures full legal compliance, as well as financial management upskilling and business management inputs.
Phokeng Mall tenants have also been encouraged to employ Bafokeng community members and the count of local employees as at June 2015 stood at 421.
Mall trading hours
Monday – Fridays 9H00 – 18H00,
Saturdays – 9H00 – 16H00,
Sundays/Public Holidays 9H00 to 15H00
Open parking and no parking fees are payable.