No end to South Africa’s mall mania
At least another 100 new centres are in the pipeline — which raises questions about the sustainability of the country’s ever-expanding retail footprint
30 May 2024 - 05:00
The pandemic may have slowed retail expansion, but it seems this was only temporary; South African developers’ love affair with shopping centres appears far from over.
The country already has one of the highest tallies of malls in the world in terms of retail space per capita. Yet 101 new shopping centres, covering 1.7-million square metres, are either under construction or in various phases of planning (see graph). That’s according to a joint report by MSCI Real Estate and Pooled Data Services, which analyses South Africa’s retail pipeline. ..
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