{"id":808255,"date":"2025-01-25T09:00:00","date_gmt":"2025-01-25T07:00:00","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=808255"},"modified":"2025-04-14T07:54:47","modified_gmt":"2025-04-14T05:54:47","slug":"4-new-shopping-malls-opening-in-south-africa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/property\/808255\/4-new-shopping-malls-opening-in-south-africa\/","title":{"rendered":"4 new shopping malls opening in South Africa"},"content":{"rendered":"\n<p>South Africa continued to see an influx of new malls as retailers saw a huge boost in sales. <\/p>\n\n\n\n<p>Despite South Africa having a depressed consumer environment over the last few years, signs are pointing in the right direction.<\/p>\n\n\n\n<p>Inflation hit 3.0% in December, which is at the bottom end of the South African Reserve Bank&#8217;s target range. <\/p>\n\n\n\n<p>This means that a further interest rate cut is expected in January 2025, following two cuts in September and November 2024. <\/p>\n\n\n\n<p>The reducing price pressure and lower borrowing costs are set to increase expenditure. <\/p>\n\n\n\n<p>Moreover, the two-pot system has seen billions flow out of retirement funds.<\/p>\n\n\n\n<p>Large parts of these funds are going into immediate consumption. <\/p>\n\n\n\n<p>There are already signs that customers are spending more than they had previously. <\/p>\n\n\n\n<p>For instance, retail trade sales increased by 7.7% year-on-year in November 2024. <\/p>\n\n\n\n<p>Stats SA said that the largest positive contributors to the increase were: <\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>General dealers (11.9% and contributing 5.2 percentage points);<\/li>\n\n\n\n<li>Retailers in textiles, clothing, footwear and leather goods (9.5% and contributing 1.7 percentage points); and<\/li>\n\n\n\n<li>Retailers in&nbsp;household furniture, appliances and equipment (9.4% and contributing 0.5 of a percentage point).<\/li>\n<\/ul>\n\n\n\n<p>The improved consumer outlook should be a boost for the new shopping centres coming to South Africa in the next few years. <\/p>\n\n\n\n<p>Four malls are set to open in South Africa in the coming months: <\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Riverstone Mall in Meyerton, Gauteng,<\/li>\n\n\n\n<li>Westown Square in Durban, KZN<\/li>\n\n\n\n<li>Lion Pride in Fourways, Gauteng<\/li>\n\n\n\n<li>Groot Phesantekraal View in Durbanville, Western Cape<\/li>\n<\/ul>\n\n\n\n<p>A breakdown of the malls can be found below: <\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">Riverstone Mall <\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/10\/Riverstone-Mall-Meyerton-Oct-24-3.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/10\/Riverstone-Mall-Meyerton-Oct-24-3-1024x576.jpg\" alt=\"\" class=\"wp-image-796350\"\/><\/a><\/figure><\/div>\n\n\n<figure class=\"wp-block-image size-large\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/05\/Riverstone-Mall-Zoomed-in-Shot-scaled.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"597\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/05\/Riverstone-Mall-Zoomed-in-Shot-1024x597.jpg\" alt=\"\" class=\"wp-image-772292\"\/><\/a><\/figure>\n\n\n\n<p>Riverstone Mall in Meyerton is set to open in March 2025. <\/p>\n\n\n\n<p>In October 2024, developer Alley Roads said 20,000 sqm of first-phase development is nearly completed.<\/p>\n\n\n\n<p>The R370 million is set to be the first formal retail offering in Meyerton. <\/p>\n\n\n\n<p>The mall will have a hybrid energy system, which includes solar panels and battery backups. This ensures uninterrupted power. <\/p>\n\n\n\n<p>Data from the South African Property Owners Association (SAPOA) showed that over 50% of total operating costs relate to property taxes and electricity costs.<\/p>\n\n\n\n<p>The backup power system will thus not only reduce emissions but also result in cost savings. <\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">Westown Square <\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/01\/westown-headine-.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/01\/westown-headine--1024x576.jpg\" alt=\"\" class=\"wp-image-806315\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/01\/westown-headine--1024x576.jpg 1024w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/01\/westown-headine--300x169.jpg 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/01\/westown-headine--768x432.jpg 768w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/01\/westown-headine-.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure><\/div>\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/09\/westown-the-barn.jpeg\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/09\/westown-the-barn-1024x576.jpeg\" alt=\"\" class=\"wp-image-791465\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/09\/westown-the-barn-1024x576.jpeg 1024w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/09\/westown-the-barn-300x169.jpeg 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/09\/westown-the-barn-768x432.jpeg 768w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/09\/westown-the-barn.jpeg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure><\/div>\n\n\n<p>Westown Square will open on 27 March 2025 and marks the first phase of the Westown mixed-use development. <\/p>\n\n\n\n<p>The new &#8220;city of the west&#8221; is situated on the N3 between Pietermaritzburg and Durban and hopes to emulate Midrand in Gauteng. <\/p>\n\n\n\n<p>The overall development of Westown is estimated to generate R15 billion in investment over the next 10 to 15 years. <\/p>\n\n\n\n<p>The 50,000 Westown Square Mall aims to seamlessly integrate retail, dining, and eventing areas.<\/p>\n\n\n\n<p>The centre will also have the BARN, which will offer a high-street market experience that offers artisanal homeware, art, beauty, and fashion outlets.&nbsp;<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">Lion Pride Shopping Centre<\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/01\/image-51.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"517\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/01\/image-51.png\" alt=\"\" class=\"wp-image-808273\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/01\/image-51.png 1024w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/01\/image-51-300x151.png 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/01\/image-51-768x388.png 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure><\/div>\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/01\/image-52.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/01\/image-52.png\" alt=\"\" class=\"wp-image-808274\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/01\/image-52.png 1024w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/01\/image-52-300x200.png 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/01\/image-52-768x512.png 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure><\/div>\n\n\n<p>Situated on the corner of the R114 and Oslo Road, Lion Pride Shopping Centre will open in June 2025. <\/p>\n\n\n\n<p>The 7,500 sqm centre will be close to Malibongwe Drive and the bustling N14 highway. <\/p>\n\n\n\n<p>The shopping centre tenants are set to include the following: <\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Checkers<\/li>\n\n\n\n<li>Checkers LiquorShop<\/li>\n\n\n\n<li>PEP<\/li>\n\n\n\n<li>PEP Home<\/li>\n\n\n\n<li>Clicks<\/li>\n\n\n\n<li>Pick n Pay Clothing<\/li>\n\n\n\n<li>Milady\u2019s<\/li>\n\n\n\n<li>Steers<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Groot Phesantekraal View<\/strong><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/01\/image-53.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"519\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/01\/image-53.png\" alt=\"\" class=\"wp-image-808275\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/01\/image-53.png 1024w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/01\/image-53-300x152.png 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/01\/image-53-768x389.png 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure><\/div>\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><a href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/11\/Groot-Phesantekraal-thumb-Sep-2024.webp\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"646\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/11\/Groot-Phesantekraal-thumb-Sep-2024-1024x646.webp\" alt=\"\" class=\"wp-image-799486\"\/><\/a><\/figure><\/div>\n\n\n<p class=\"has-text-align-center\"><a href=\"https:\/\/abland.co.za\/wp-content\/gallery\/opening-parkdene-boulevard\/Parkdene-Boulevard-Opening_4442.webp\"><\/a><\/p>\n\n\n\n<p>Opening in July 2025, the Groot Phesantekraal View Shopping Centre in Durbanville, Cape Town is set to offer a range of retail services to the expanding Durbanville area. <\/p>\n\n\n\n<p>This large, approximately 30,000-square-meter complex will be located at the intersection of Okavango Road and Klipheuwel Road.<\/p>\n\n\n\n<p>Local property demand is expected to increase following the opening of the mall, which will bring greater convenience and attract more visitors to the region.<\/p>\n\n\n\n<p>Property developer Abland said that the centre is set to see a significant investment of nearly R1 billion.<\/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=\"XqbSbblC7m\"><a href=\"https:\/\/businesstech.co.za\/news\/property\/799336\/new-r1-billion-shopping-mall-coming-to-one-of-the-oldest-towns-in-the-western-cape\/\">New R1 billion shopping mall coming to one of the oldest towns in the Western Cape<\/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;New R1 billion shopping mall coming to one of the oldest towns in the Western Cape&#8221; &#8212; BusinessTech\" src=\"https:\/\/businesstech.co.za\/news\/property\/799336\/new-r1-billion-shopping-mall-coming-to-one-of-the-oldest-towns-in-the-western-cape\/embed\/#?secret=xZzR4kkdo3#?secret=XqbSbblC7m\" data-secret=\"XqbSbblC7m\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>South Africa is set to see four new malls open in the next six months, which could be boosted by an increase in retail sales. <\/p>\n","protected":false},"author":95,"featured_media":796351,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12755],"tags":[13770,21520,21519,21518,20533],"class_list":["post-808255","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property","tag-abland","tag-groot-phesantekraal-view","tag-lion-pride-shopping-centre","tag-riverstone-mall","tag-westown-square"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/808255","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=808255"}],"version-history":[{"count":6,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/808255\/revisions"}],"predecessor-version":[{"id":820762,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/808255\/revisions\/820762"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/796351"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=808255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=808255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=808255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}