Gugulethu Square News Today

Shares in UK shopping centre owner Capital & Regional (C&R) leapt 17% on Thursday after it confirmed it has an early expression of interest of a buyout from Gugulethu Square owner Vukile Property Fund.



In the current market, with prevailing high interest rates, challenges for landlords are evident, notably with Cape Towns Parow Centre defaulting on payments to Investec...

For eight turbulent days, Cape Town was in the grip of a taxi strike that saw incidents of violence, including five deaths. Some areas reported opportunistic looting of malls and stores, which are now beginning to count the costs. 

Based on financial statements that some of the largest JSE-listed companies have published in recent weeks, the impact of rolling blackouts on South Africa’s economy was at least R15bn in 2022. But this is a highly conservative estimate.

A complaint to the Competition Commission by OBC Better Butchery, accusing Spar of enforcing exclusivity clauses in some malls, has led to other retailers stepping forward with similar complaints.

Property firm Vukile says it's still seeing robust activity in its malls, particularly in townships and rural areas, and it is seeing aggressive expansion by some retail tenants, notably those in the value-fashion business.

Retailer could be fined 10% of its total revenue for as long as it is in contravention of CompCom recommendations.

While high vacancies in the office sector cannot be denied, the logistics property sector is a firm frontrunner...

In a classic David vs Goliath case, specialist retailer OBC Better Butchery is hauling retail giant Spar to the Competition Commission for contravening a 2019 ruling by enforcing exclusivity clauses in certain shopping malls and in effect shutting out competition.

The owner of Mdantsane City Mall and Cape Town's Gugulethu Square has acquired one of Alexandra Toiwnship's biggest shopping centres for R669 million.