FAMA was founded by Faldiela Sooful in 2016. FAMA is a property development and management company that aims through mixed economic development projects to help the city with urban renewal while creating properties that do not crowd out current residents.
It’s primary areas of investment is in the property market where its focus is on property development and maintenance , The aim of FAMA is to provide of good quality rental property in areas close to the CBD to the emerging middle class thereby helping drive much needed urban renewal in the city.
FAMA’s property portfolio consists of several multi-dewelling property accross the Cape Penunsla. FAMA also has construction and maintenance teams that are available for building modifications, general property maintenance, plumbing, electrical work, etc.
FAMA is a female managed company and has achieved the level 1 BEE ratings which is the highest possible BBBEE levels. FAMA is also 50% black female owned.
She believes that while major investment is needed in the Cape Town city bowl, it cannot be done at the expense of families that have being livving in these areas. She has already invested her private funding in these initatives and will continue to grow FAMA’s property portfolio in a responsible and sustainable way.
Faldiela holds a Masters in Business Administration from Stellenbosh University. She is currently an executive at one of the largest telecommunications companies in Africa.