The iconic Golden Acre shopping centre in the heart of Cape Town’s central business district is getting sold to Putirex and 11 Adderley Properties.

The redevelopment of the Soshanguve Mall shopping centre, due for completion towards the end of 2025, is touted as a driver for local empowerment and a transformational opportunity for the community to grow the local skills base, giving the area a renewed vision for economic stability.

Westown Square is set to open on March 27, 2025, marking the first phase of the significant Westown mixed-use development in KwaZulu-Natal. This ambitious project, dubbed “the city of the West," aims to mirror the economic impact of Midrand in Gauteng by becoming the new economic hub on the N3 corridor, strategically situated between Pietermaritzburg and Durban.

UK-based retail giant Frasers Group has acquired South African sporting, outdoor and recreation goods company Holdsport from Old Mutual Private Equity and Holdsport’s management.

The Moolman Group has pinpointed a prime 3.1-hectare location at the corner of Tsening Road and Bree Street, directly opposite the well-known taxi rank, to develop a 10,000-square-meter Convenient Shopping Centre, aptly named Segonyana Mall. This name pays homage to the Segonyana Municipality.

At the beginning of the fourth quarter, the retail trade sector experienced a robust expansion, signalling a positive trajectory as reflected by a notable 6.3% year-over-year increase in sales volumes adjusted for inflation. This growth exceeded consensus expectations, which had projected a modest 2.0% rise, thus underscoring a significant beating of market predictions and demonstrating a resilient retail environment.

The Foschini Group has opened two JD Sports stores in South Africa, with many more planned for the next five years.

Groworx Retail demonstrated its vision for revitalizing Johannesburg's cherished Oriental Plaza, a project that honours its 50-year legacy while embracing the future of retail. The plan aims to preserve the Plaza's essence, including its iconic clock tower, distinctive archways, and bustling marketplace atmosphere, which have been integral to Fordsburg's identity since the 1970s.

Mehlareng Mall opened its doors in the last week of November to serve the communities of Mehlareng, Mahlako and the surrounding Zebediela areas.

Following a challenging period for the commercial retail property market in South Africa, shifts in the country's economic outlook and improving consumer sentiment are buoying the local sector.Issues such as a lack of service delivery, energy and water constraints, meagre economic growth, constrained consumer spending and various external factors created a tough trading environment. In response, retailers and property companies in South Africa invested to create greater resilience by self-provisioning electricity through solar power, batteries and generators, and installed backup water tanks and pumps to minimise the impact of outages on trading