Growing opportunities in township retail
As residents’ spending power rises they want more than the traditional spaza shops, barbers and taverns
07 January 2024 - 19:43
Township retail could be a growth area for formal retailers. Property funds are reporting continued demand for shop space in these areas, according to a note by asset manager Stanlib.
Stanlib fund manager and head of property Nesi Chetty and property analyst Ahmed Motara, wrote in December that as township residents become richer, they desire retail options over and above traditional spaza shops, barbers and taverns. ..
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