{"id":729423,"date":"2023-11-06T11:52:07","date_gmt":"2023-11-06T09:52:07","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=729423"},"modified":"2023-11-06T11:53:25","modified_gmt":"2023-11-06T09:53:25","slug":"new-shopping-mall-launching-next-year-pushing-south-africas-growing-retail-trend-2","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/property\/729423\/new-shopping-mall-launching-next-year-pushing-south-africas-growing-retail-trend-2\/","title":{"rendered":"New shopping mall launching next year &#8211; pushing South Africa&#8217;s growing retail trend"},"content":{"rendered":"\n<p>Construction has started on the Mbhashe Mall in Idutya, Eastern Cape, adding to the increasing number of retail centres outside South Africa&#8217;s major urban zones. <\/p>\n\n\n\n<p>The development &#8211; done by Exemplar, McCormick Property Development (MPD) and entrepreneur Livingstone Nogoduka &#8211; started in late October, with contractors starting on bulk earthworks. <\/p>\n\n\n\n<p>\u201cAs we wrap up 2023, it is exciting to finally get started on another incredible opportunity in the Eastern Cape,\u201d said CEO of Exemplar, Jason McCormick.<\/p>\n\n\n\n<p>\u201cWe believe in the retail possibilities within the province and in Idutywa in particular, as it serves as a regional trading hub for the entire Mbhashe region of the Eastern Cape.&#8221;<\/p>\n\n\n\n<p>\u201cWe anticipate serving communities up to 60km away, and the development gives us a great opportunity to spread our #ChangeforGood impact across some of the most rural communities in the country.\u201d<\/p>\n\n\n\n<p>The mall will be a single-level, double-anchored, enclosed mall, with the first phase spanning over 19,000 sqm.  <\/p>\n\n\n\n<p>Some of the confirmed tenants thus far are some of South Africa&#8217;s most recognised brands, including: <\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Shoprite, <\/li>\n\n\n\n<li>Shoprite Liquor, <\/li>\n\n\n\n<li>Boxer, <\/li>\n\n\n\n<li>Boxer Liquor, <\/li>\n\n\n\n<li>OBC, <\/li>\n\n\n\n<li>Clicks, <\/li>\n\n\n\n<li>Capitec, <\/li>\n\n\n\n<li>ABSA, <\/li>\n\n\n\n<li>Truworths, <\/li>\n\n\n\n<li>The Pepkor and the Studio 88 groups.<\/li>\n<\/ul>\n\n\n\n<p>According to MPG&#8217;s website, the mall will open in 11 months and 18 days &#8211;  which is Thursday, October 24, 2024. <\/p>\n\n\n\n<p>The mall is the 83rd development by MPD, which has an extensive track record of building township and rural malls.  <\/p>\n\n\n\n<p>It also highlights Exemplar&#8217;s push into the Eastern Cape, with the group already opening Lusiki Plaza, KwaBhaca Mall and Bizana Walk in the province. <\/p>\n\n\n\n<p>Although urban <a href=\"https:\/\/businesstech.co.za\/news\/property\/727002\/this-is-the-busiest-mall-in-south-africa-situated-in-the-countrys-shopping-capital\/\" target=\"_blank\" rel=\"noreferrer noopener\">Gauteng is still comfortably the mall capital of South Africa<\/a>, rural retail is booming across the country. <\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-businesstech wp-block-embed-businesstech\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"AHIFdt0SLc\"><a href=\"https:\/\/businesstech.co.za\/news\/property\/724612\/3-new-shopping-malls-in-the-works-for-south-africa\/\">3 new shopping malls in the works for South Africa<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;3 new shopping malls in the works for South Africa&#8221; &#8212; BusinessTech\" src=\"https:\/\/businesstech.co.za\/news\/property\/724612\/3-new-shopping-malls-in-the-works-for-south-africa\/embed\/#?secret=1cVB0SkEcq#?secret=AHIFdt0SLc\" data-secret=\"AHIFdt0SLc\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-businesstech wp-block-embed-businesstech\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"WuM3lH9FXh\"><a href=\"https:\/\/businesstech.co.za\/news\/property\/725446\/major-new-shopping-mall-opening-in-south-africa-next-week-a-first-for-its-home-town\/\">Major new shopping mall opening in South Africa next week &#8211; a first for its home town<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Major new shopping mall opening in South Africa next week &#8211; a first for its home town&#8221; &#8212; BusinessTech\" src=\"https:\/\/businesstech.co.za\/news\/property\/725446\/major-new-shopping-mall-opening-in-south-africa-next-week-a-first-for-its-home-town\/embed\/#?secret=HOn1Pb9nkY#?secret=WuM3lH9FXh\" data-secret=\"WuM3lH9FXh\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>In 2022, there were several smaller shopping centres (around 10,000 sqm) that opened their doors. <\/p>\n\n\n\n<p>This is despite the retail sector chugging along as consumers feel the pain of the challening economic climate due to high inflation, steep interest rates and the effects of load shedding. <\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>Read<\/strong>: <a href=\"https:\/\/businesstech.co.za\/news\/property\/726638\/work-from-home-is-losing-steam-in-south-africa\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u2018Work from home\u2019 is losing steam in South Africa<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Construction has started on a new mall &#8211; as retail developers look to new areas for expansion.<\/p>\n","protected":false},"author":95,"featured_media":729443,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12755],"tags":[18715,26,12839],"class_list":["post-729423","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property","tag-exemplar","tag-headline","tag-mccormick"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/729423","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=729423"}],"version-history":[{"count":9,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/729423\/revisions"}],"predecessor-version":[{"id":729503,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/729423\/revisions\/729503"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/729443"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=729423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=729423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=729423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}