SA’s listed property funds are reporting improving fundamentals and recovery of the retail property sector on the back of higher footfall and retail sales.

Redefine Properties said foot count at its malls has reached 94% of pre-Covid-19 levels, up 2% from a year ago, while average footfall for all of 2022 was 80% of prepandemic levels. Retailers are now signing longer leases, indicating that the post-Covid-19 recovery has momentum...

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