Monday, July 13, 2015

NEWS: Mall of Africa: A new shopping experience

SA's already booming shopping centre industry will be boosted by the construction of what is set to become the biggest mall in Africa.

The Mall of Africa is set to tower over SA's existing shopping centres, and anchors for the mall will include national favourites Woolworths, Edgars, Checkers and Game. (Reuters)

The mammoth Mall of Africa, due to open for business in April next year, will be the crowning glory of South Africa’s strong shopping centre industry. The country already ranks in the global top 10 in terms of highest number of shopping centres as well as total floor space.

According to research from Urban Studies, which conducts feasibility studies for shopping centres, South Africa has the highest number of shopping centres in the world after the United States, Japan, China, Canada and the United Kingdom. South Africa ranks sixth in the world when it comes to number of shopping centres, with over 2 000 shopping centres. When it comes to floor space South Africa ranks 7th highest globally, with 23-million square metres.

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