The country boasts more than two thousand shopping centres. Approximately 75% of them are located in Gauteng, Western Cape, and KZN. These centres cater for a variety of needs.
To find the perfect shopping centre for you, browse through our directory. The names of the shopping centres will link to the company’s website so you can find out more about their services and hours of operation. We recommend visiting during opening hours to avoid being disappointed.
The tenant mix of shopping centres in South Africa can be classified into two types. The first type comprises supermarkets, such as Spar or Pick n Pay, while the second type includes convenience retailers such as Edgars, Woolworths, or Mr Price.
In addition to these anchor tenants, many shopping centres also have restaurants, movie theatres, and other amenities. Some centres have limited office functions. Others focus on destination shopping, which includes boutiques and speciality stores.
According to the Tenant Mix Study, the successful tenants in a shopping centre depend on the mall’s mix. The study focuses on retail spaces that are both large and small. Large shopping centres in the country tend to have a high percentage of retailers whereas smaller, non-chain stores are less likely to have a high turnover rate.
The general manager of Menlyn Park Shopping Centre in Pretoria says that the tenant mix is crucial for a successful shopping centre.
The number of shopping centres in SA is increasing, with over 200 malls covering an area of more than 24 million square metres. These are some of the largest in the African continent and draw tourists, leisure seekers and shoppers alike. But there is a catch. The number of these centres is increasing quickly. It means that South Africa will soon have more shopping centres than any other country on the continent. Here are some facts about the size of shopping centres in SA.
In 2008, there were just eight shopping centres in South Africa. That is a fraction of the country’s total retail space. However, it is important to remember that the size of a shopping centre is proportional to its population and economic activity. It means that a shopping centre in a city or town needs to be larger than one that is in a rural area. Hence, the bigger the centre, the higher the growth potential.
Several factors will determine the performance of shopping centres in South Africa. The government’s rollout of the SA vaccine is one of the main factors. The onset of the vaccine will reduce the risk of lockdowns and improve mall performance. Meanwhile, the introduction of the SA vaccine will limit the damage that lockdowns may cause to the economy. Nevertheless, it is too early to judge the long-term performance of shopping centres.
In the past year, the performance of South African shopping centres has been measured using the CSIR’s Mall Index. This measure is useful to determine the viability of a shopping centre. The data provide useful information for property managers, landlords and investors. The research findings also provide some guidance to improve mall performance. It is important to note that malls have a variety of tenants and must consider these factors when assessing the performance of a property.
Various shopping centres to visit in South Africa
We have a variety of shopping centres in South Africa, however below is some of the popular retail centres to visit when you find yourself in that particular place:
- V&A Waterfront
- Sandton City Mall
- Menlyn Mall
- Promenade Shopping Centre (rent a store visit us now)
Each offer you with a variety of stores and restuarants. You will never have a dull moment here.