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All malls are not created equal. That’s clear from the surprisingly solid performance achieved by Resilient Reit’s shopping centres for the year to end-June.

The property company, one of vanishingly few still paying dividends, owns 28 malls in SA, the bulk of which cater to shoppers in smaller cities, rural areas and townships — such as Kimberley, Kathu, Tzaneen, Thohoyandou, Soshanguve and Secunda...

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