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.

After the successful opening of Steilloop Shopping Centre in November 2016 GMI Property Group (GMI) started the construction of Tibani Shopping Centre in October 2017.

Actis, the global pan-emerging market private equity investor, today announced a $65 million investment in Tekkie Town, South Africa's leading independent sports and lifestyle shoe retailer.