Retail property sector rebounds as SA shoppers hit the malls
Tills are ringing merrily again in brick-and-mortar stores, but SA shoppers may have to rein in their spending sooner rather than later
28 April 2022 - 05:00
Retail therapy-starved South Africans have returned to malls in their droves, with latest industry data pointing to a stronger-than-expected rebound in shopping centre metrics.
Retail sales, as measured by trading density (turnover per square metre), surged by 17.5% year on year in the fourth quarter, according to the SA Property Owners Association and MSCI Real Estate’s latest retail trends report. That’s the highest annualised growth on record — albeit off a low base...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.