History
As a response to the Group Areas Act, a group of seven community leaders decided to
form the Amaanat Group in 1968. Specialising in developing and leasing residential
apartment blocks, their vision was to provide much-needed accommodation to
the local community, as well as offer a means of saving and wealth creation for
smaller investors.
The first property development, Amaanat
Mansions at 501 Brickfield Road (now Felix
Dlamini Road) in Overport, cost R168 000. This
was funded by the investments made by the
84 initial shareholders.
today
Today, the Amaanat Group owns a portfolio
of almost thirty Commercial, Industrial
and Retail properties and has over 6,500
Shareholders including individuals, trusts,
charitable, educational, religious and welfare
organizations.
Since inception, the Group continues to fund
its property developments and acquisitions
solely through shareholder funds, free of
mortgage bonds or any other external debt
instruments.
The Group continues to source and
acquire quality investment properties in
strategic locations with strong national and
independent tenants.
