Page 13 - Two Degrees News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Coronavirus live updates.

South Africa's Liberty Two Degrees, which owns malls in prime locations of Johannesburg and Cape Town, said on Monday its full year profit more than halved due to lower rental income and the temporary closure of shops and hotels due to COVID-19.

The Money Show's Bruce Whitfield interviews Amelia Beattie, CEO at Liberty Two Degrees.

Liberty Two Degrees (L2D) has posted a big decline in 2020 earnings, but says shoppers are returning to its malls across South Africa after they were left empty during the hard lockdown last April. And while numbers were still down on 2019, the landlord says customers spent more when they visited.  While conventional wisdom was that smaller, local shopping centres were faring better because of Covid-19 restrictions and customers shopping closer to home, footfall at L2D’s centres picked up towards the end of the year, with Sandton City back at 72% of December 2019’s levels and Nelson Mand...

Also, British psychedelic pop outfit Glass Animals are on the climb, as “Heat Waves” improves 17-11 in its seventh week in the Top 50. “Heat Waves” was on fire earlier this week as it took out Triple J’s Hottest 100 countdown, one of the band’s three entries. Over on the national albums survey, Illy earns his second No. 1 with The Space Between. It’s the Melbourne rapper’s sixth album and the first since Two Degrees, which ruled the chart in November 2016. Also impacting the chart this week is The Good Times And The Bad Ones by American band Why Donâ...