The R9bn Fourways Mall, which is due for a relaunch in August, will probably be the last of its kind to open in SA as the country’s relatively small middle class and the move to internet shopping dents demand for megamalls.

Some of the country’s biggest fund managers, including Stanlib and Old Mutual Investment Group, say oversupply is also likely to persist in the face of a weak economy that has constrained consumer spending...

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