This is the building where two global kingdoms were built.
26 storeys of brutalist concrete and some glass on Cape Town's Foreshore. Today it's the
Media24 building. When it opened in 1962, it was the tallest building in South Africa. The first real skyscraper rose out of reclaimed land that had been open water twenty years earlier.
If these walls could talk, they'd tell one helluva story of the two South African empires that grew inside them.
Sanlam was born in 1918, out of a simple idea: give ordinary Afrikaans-speaking South Africans a way to insure their families and grow their savings when the mainstream banks and insurers wouldn't.
By the time this tower was built 44 years later,
Sanlam had become one of the most powerful financial institutions on the continent, and this building was its statement - proof of scale, proof of solvency, proof they'd still be here to pay out a policy sold decades before.
This Boertjie Skyscraper housed towers of Afrikaner ambition, standing over a city that hadn't seen anything like it before. Today,
Sanlam operates in 29 countries, manages hundreds of billions of rand in assets, and is one of the most durable institutions this country has ever produced.
In 1981, Sanlam moved out of the building and relocated to Sanlamhof in Bellville. Nasionale Pers - later
Naspers Limited - moved in. Made it their headquarters. And what they built inside those same walls was completely different to what Sanlam had built, but turned out to be far, far bigger.
Naspers Limited started as a newspaper publisher in 1915. Then, in 2001, it made a bet almost nobody else in the world understood: $32 million for nearly half of a small Chinese messaging company called
Tencent. 25 years later, that bet has grown into one of the most valuable technology holdings on the planet, and the group built around it - through
Prosus, now spans e-commerce, food delivery and fintech across three continents.
Same tower. Same address. Two different ways of building something incredible and built to last.
Sanlam compounded trust, one policy at a time, for over a century. Naspers compounded conviction, on a handful of enormous bets, for twenty-five years. Neither business plan would have worked by wearing the other's strategy - and yet both walked out of the same building, having built something that outlasted the ground it was built on.
Today, Sanlam is worth around R180 billion. The Naspers and Prosus stable, carried largely by that Tencent bet, is worth in excess of R2.4 trillion.
Two empires. One address. Proof that there's more than one way to build something that lasts - as long as you're building something iconic.