Along Durban’s picturesque coastline, where the azure waters of the Indian Ocean serenely kiss the shimmering golden sands, a testament to modern opulence emerges, courtesy of the South African tycoon. Viviane Reddy. Not only does it redefine the city’s skyline, but it also leaves an indelible mark on countless lives.
Its latest triumph, the impressive $68.5 million project Oceans Mall Umhlangais a monument to unwavering vision, tenacity and unwavering dedication to the people of South Africa.
Vathasallum Reddy, affectionately known as Vivian Reddy, is not limited to the pages of a financial report or the glass towers of South African companies; he is a man who not only accumulated immense wealth, but also channeled it into overhauling his nation’s economy.
Reddy’s journey to the zenith of South Africa’s business elite began in the early 1990s, a pivotal moment in the country’s history. As apartheid collapsed and Nelson Mandela marched to freedom, Reddy embarked on a path that would see him become one of the country’s richest businessmen and a prominent supporter of the African National Congress (ANC).
His business acumen, marked by his ability to diversify and adapt, led him to lead a conglomerate spanning the energy, casinos, health, finance and real estate development sectors. Yet what sets Reddy apart is not only his wealth, but also his commitment to giving back.
In November 2022, Reddy unveiled a crown jewel of Umhlanga, the internationally renowned game. Oceans Shopping Center. It was not just another shopping center, but a lifeline to the community. The $68.5 million investment created an impressive 1,300 permanent jobs for local residents, adding to the 3,500 jobs generated during construction.
Which makes Oceans Mall Umhlanga However, her commitment to empowerment is truly unique. In a country where economic disparities persist, this luxury shopping center has 65 percent black tenants and is 100 percent black-owned, with the Public Investment Corporation (PIC) as a co-shareholder. It’s not just a shopping center; it’s a testament to the power of economic inclusion.
But Reddy’s vision doesn’t stop at retail. The same year, he launched the $52.7 million project Radisson Blu Hotel UmhlangaDurban, a five-star marvel comprising 206 hotel rooms, 95 suites, a 36,000 square meter shopping center and around 500 apartments. This iconic property is more than just a hotel; it symbolizes the resurgence of Durban as a global destination. This is a testament to Reddy’s ability to pivot, adapt and invest in the future.
His journey into the hospitality and commercial real estate development industry follows the resounding success of Edison Power Group, of which Reddy is the founder and chairman. Edison Power Group is a conglomerate focused on energy, casinos and hotels, with Edison Power itself one of the leading providers of electrical engineering services in South Africa.
At 71, Reddy is not content with accumulating wealth. He is deeply engaged in philanthropy in South Africa, supporting initiatives such as the AIDS Orphans Trust Fund and contributing to projects such as Wingen Heights Secondary School and a clinic in the eThekwini Metropolitan Municipality.
His dedication to improving the living conditions of the most disadvantaged underlines his belief in the power of shared prosperity. Despite his immense success, Reddy maintains a low-key public presence, preferring to let his actions speak louder than his words. In his story, we find not only a story of wealth, but also a tale of resilience, empowerment and deep commitment to building a better South Africa.
Oceans Mall Umhlanga is not just a shopping center; it is a beacon of hope, a testament to the spirit of a man who dared to dream and, in doing so, changed many lives. It is a story that Billionaires.Africa is honored to share the story of a South African tycoon whose legacy extends far beyond the world of business.