Akani Properties has renamed the Nicolway Shopping Centre in Bryanston to Winifred Mandela Precinct.
Nicolway was acquired by the black-owned and managed property group during 2022 in a R1 billion transaction on behalf of their client, the Municipal Employees Pension Fund (MEPF).
Some of the MEPF’s flagship properties include the R900 million Radisson OR Tambo Hotel and Convention Centre as well as the recently launched Autumn Leaf Shopping Centre in Zeerust, North West with the R600 million Radisson Hotel and ICC in Middelburg, Mpumalanga, is scheduled to launch in late 2024.
“We chose to focus on the broader spectrum of Winnie Mandela’s contributions,” said Akani Managing Director, Jack Malebane at Nicolway Shopping Centre. “The renaming is an evolution that aligns Nicolway with the broader narrative of community and family values.”
The renaming draws a parallel with other iconic places like Nelson Mandela Square, emphasising the familial and community-oriented aspects of both figures. By having Nicolway named after Winnie Mandela, Akani aims to create a network of spaces reflecting diverse aspects of the Mandela legacy, including family, community, and leadership.
“Nicolway Shopping Centre has always strived to be a family-friendly and community-centric space,” added Akani Group Chairman, Zamani Letjane. “Naming the shopping centre after Winnie Mandela is a recognition of her softer side – her dedication to family, community, and the well-being of the nation.”
