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Ancora

Watch our full interview with Joburg Today as we chat about Umphakathi Mall, Randfontein. We focus on shopping centres across South Africa, and we’ve always been specialising in the township / rural areas, where we see a massive opportunity for the future of developments. Umphakathi started off as a piece of  empty land, we found an opportunity to speak to the tenants and found that Boxer and Pick n Pay were interested in shop space, then found a developer that wanted to purchase this piece of land and we ended upSEE DETAILS

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Ancora

Diminishing footfall and growing vacancies are increasingly the reality for many major shopping malls in cities such as Johannesburg, Cape Town and Durban. But demand in rural and underserved areas, such as townships, is proving to be a new golden opportunity. That’s why in 2018, Ancora Property Group and MET Developments took the bold move to break ground and start development of the 14 000m²Umphakathi Mall in Randfontein, an old gold mining town 40km west of Johannesburg. Despite recent challenges with the pandemic, the mall officially opened at the end of April 2021,SEE DETAILS

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Ancora

Kasper Rorsted, chief executive officer of Adidas AG, gestures while speaking during a Bloomberg Television interview in London, U.K., on Tuesday, Oct. 1, 2019.Simon Dawson | Bloomberg | Getty ImagesSocial media has made it easier for consumers to hold companies and CEOs accountable for their actions, and that’s a good thing, Adidas CEO Kasper Rorsted told CNBC’s Sara Eisen at the CNBC Evolve Global Summit.“I think that the scrutiny on companies and CEOs are much greater today. I think that part of the reason is social media is bringing aSEE DETAILS

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Ancora

(Photo by Edward Berthelot/Getty Images) The news of Zara-owner Inditex’s plans to close more than 1000 stores around the world, caused much panic on the internet in 2020. Not to mention, the thought of threatened livelihoods of Zara employees.However, there was more to the story than meets the headline, as the scheduled store closures around the world are said to be in favour of a transition to e-commerce. Reassuringly for us, The Guardian also reported that “closures are expected to be concentrated in Asia and Europe.”  Reuters reported that Inditex, booked itsSEE DETAILS <span class...

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Ancora

(Photo: Waldo Swiegers / Bloomberg via Getty Images)Pick n Pay, which has nearly 2,000 stores in South Africa, is a big user of exclusive lease agreements. It is the latest retailer to agree with the Competition Commission and Competition Tribunal to end the use of exclusive lease agreements. This is good for the consumer.  For many decades, South Africa’s Big Four supermarket chains — Shoprite, Pick n Pay, Spar and Woolworths — prevented one another and smaller grocers from opening stores at a particular shopping mall to protect their turf, remainSEE DETAILS ...

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