Live Breaking News & Updates on மறுவரையுறை ப்ராபர்டீஸ்

Stay updated with breaking news from மறுவரையுறை ப்ராபர்டீஸ். Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

South Africa property, retail firms bet on townships despite unrest


By Syndicated Content
By Nqobile Dludla
JOHANNESBURG (Reuters) – Recent unrest in South Africa damaged hundreds of businesses but property developers and retailers say they remain committed to the fast-growing consumer markets of its predominantly Black townships.
Riots broke out this month after former President Jacob Zuma handed himself in to start a 15-month jail term for contempt of court.
More than 300 people died and about 3,000 stores were looted, over half of them belonging to major retailers and fast food brands.
At least 161 shopping malls, 11 warehouses and eight factories suffered heavy damage, sites that include tenants such as grocery chain Shoprite and Walmart majority-owned Massmart. ....

South Africa , Kwazulu Natal , Eastern Cape , South African , Izak Petersen , Alec Abraham , Macdonald Dzirutwe , Ann Maree Tippoo , Jason Mccormick , Laurence Rapp , Vukile Rapp , Jason Neely , Nqobile Dludla , Jacob Zuma , Vukile Property Fund , African Property Owners Association , Dipula Income Fund , President Jacob Zuma , Property Fund , Daveyton Mall , Redefine Properties , Income Fund , Propertie Montclair Mall , Chief Investment Officer Alon Kirkel , Ninety One Portfolio Manager Ann Maree Tippoo , South African Property Owners ,