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The owner of Glen Village Shopping Centre is planning to invest more than R600 million in refurbishing its shopping centres and building a new mall in the next 12 to 18 months.
Akani Properties, a black-owned property development company, said it is unfazed by the impact of Covid-19, which has left other landlords scrambling to for tenants, especially in bigger malls as consumers favoured smaller convenience centres since the pandemic hit SA s shores. This investment is testament to our belief that the worst is behind us, and the recovery of the economy is on the cards, said Akani MD Zamani Letjane.
Akani Properties invests R600m in building and refurbishing shopping malls in Zeerust and Pretoria East iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.