Strong December retail trade was recorded by the Flanagan & Gerard Property Development & Investment portfolio of shopping centres, with its top performing mall growing turnover by 18%.

Home to Eskom’s Kusile Power Station, the Mpumalanga coal-mining town of eMalahleni (formerly known as Witbank) continues to experience a strong demand for housing, says Elisme Swart, area principal for Pam Golding Properties.

This holiday season is likely to ring in fair festive retail sales despite 2016’s frail and fickle economy.

Emalahleni’s only regional shopping centre, Highveld Mall, set to launch phase 3 on 25 October 2012, will offer customers even more of what they enjoy.

Building on its unparalleled trading success, Highveld Mall’s owners are investing R230 million to expand this regional shopping centre and enlarge its retail variety; this 20,000sqm third phase extension will make it the largest shopping centre in Mpumalanga on opening in October 2012

Developments will be coming on stream

A buoyant retail property market helped listed property loan stock company Resilient Property Income Fund's distribution growth soar 19,87% to 63,20c for the year to December.

Construction of the 40,000m? Highveld Mall has begun with the first concrete poured for this regional shopping centre in Emalahleni

Listed property loan stock Resilient Property Income Fund said yesterday that it would own a 60% interest in a new R450m shopping centre in Witbank.