SA’s major institutionally owned malls reported decelerating trading performance in the year to September 2024 but still managed to stay above inflation.
Year-on-year growth in the index’s annualised trading density slowed to 4.6% off an adjusted 5.3% in the prior quarter according to the MSCI South Africa Quarterly Retail Trading Density Index which is based on data from 150 retail centres covering more than 5.9 million square metres.
The number of shoppers visiting SA’s major malls increased during the period.
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