While economic conditions remain challenging, Redefine Properties (JSE: RDF) continues to align its strategy to long-term trends and proactively manage liquidity through the recycling of non-core assets.

JSE listed diversified real estate investment trust (REIT) Redefine Properties won multiple accolades at the 2018 Footprint Marketing Awards helping put its Johannesburg based malls on the national stage.

The township retail and shopping centre market in South Africa is growing at a rapid pace.

Soweto businessman Richard Maponya plans to invest just over R1.1 billion within two years in building another mall and a motor dealership network.

Maponya Mall, has proven to be a major draw card for national retailers eager to claim a share of the estimated R4.3 billion Soweto consumer market, as determined by the City of Johannesburg.