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.
With R127-billion’s worth of investments earmarked for the Eastern Cape across an array of sectors and spanning a significant portion of districts, Gqeberha is seeing an influx of home buyers and investors, as well as renters, relocating to Nelson Mandela Bay Municipality from Gauteng.
Eastern Cape’s major metros are seeing an influx of people from surrounding rural areas, driven by access to tertiary education at the province’s major universities and the search for meaningful employment opportunities. Though the urbanisation trend is not unique to the Eastern Cape, the province’s metros are particularly understocked to meet the high demand for affordable housing, according to Letlatsa Lekhelebana, Senior Portfolio Manager and Funeka Ndalasi, Portfolio Manager at TUHF in the Eastern Cape.
South Africa is under growing internal and external pressure to rein in its carbon emissions, particularly as the effects of the climate crisis become ever clearer.
There is a new resident on the Cape Town skyline: Harbour Arch.
With three months until Boardwalk Mall’s official opening, the development is comfortably on track to open fully-let, bringing the best shopping, leisure and entertainment South Africa has to offer to Gqeberha.
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