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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 Town's 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.