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Mthatha’s BT Ngebs City mall, one of the Eastern Cape’s flagship malls founded by property mogul Sisa Ngebulana and named after his grandfather Buchanan Tandi Ngebulana, is going up on sale. The R1.4bn, 60,000m² shopping centre was opened by Ngebulana’s Billion Group in June 2015 to much fanfare. ....
Vukile Property Fund, which owns shopping centres in South Africa and Spain, is seeing "strong trading" in both countries, with retail sales and footfall back at pre-pandemic levels. ....
Vukile Property Fund plans to build more solar farms to power its malls and reduce its reliance on Eskom's power by another 5% by the end of March 2023. ....
After announcing that it will dispose of its portfolio of office assets worth R6.3-billion, the board of directors of Rebosis Property Fund said Sisa Ngebulana – Founder and Chief Executive Officer, is retiring. The disposal of assets will bring down the company loan-to-value (LTV) level and optimise its balance sheet to real estate investment trust standards, closing the curtain for Ngebulana’s three year stint since the board brought him to stabilise the company. ....
Vukile shopping centres in South Africa and Spain returning to pre-Covid levels of trade iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.