Hyprop, the owner of blue chip malls including Rosebank Mall, Hyde Park Corner, Canal Walk and Clearwater, is primed for recovery, analysts said after the company released an update which suggested the Covid-19 pandemic had been less brutal with the group than it had been with other companies.

Shopping centre landlords, especially those who cater to SA's middle- and upper-income earners, are being hit by reduced consumer spend. This was compounded by the coronavirus threat sending the economy into lockdown and stopping stores from trading from late March until June except when selling essential goods...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now