The 2024 festive season was merry for retailers and shopping malls in South Africa, with Flanagan & Gerard Property Group reporting an increase in retail activity during the period. The leading developer and owner of shopping malls says festive season retail trade exceeded expectations, signalling a recovery in consumer sentiment and spending.
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%.
Thavhani City, the major economic centre in Thohoyandou, Limpopo, has welcomed the opening of the first Builders Express in the region in its precinct.
Since the 50,000sqm regional Thavhani Mall in Thohoyandou, Limpopo, opened its doors late last August, millions of shoppers have visited the mall. Based on their shopping habits and preferences the mall is adding three exciting restaurant brands to its mix.
Shoppers can now get to Thavhani Mall in a flash thanks to the brand new taxi rank that officially opened for commuters on 12 January.
Vukile Property Fund today reported 7.4% growth in dividends per share for its half-year to 30 September 2017.
Mr Ntshavhiseni Brandon Nesengani, raised in Tshisahulu (Itsani) Village, has been appointed as CEO of the new Thavhani Mall, which opens on Thursday, 24 August 2017.
The first fully enclosed, double-storey regional mall in the bustling town of Thohoyandou, Limpopo, is set to introduce a wide range of new retailers to its region when it opens on 24 August 2017.

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