Funding & Finance

Autumn Leaf Mall- The newest mall in South Africa

A new R500 million shopping center has been opened in Zeerust, North West, aiming to meet rising retail demand in the transit hub between South Africa, Botswana and Namibia. The 18,000 square meter Autumn Leaf Mall was developed by Akani Properties near Zeerust's CBD after limited existing retail options failed to satisfy excess consumer appetite.

Autumn Leaf Mall- The newest mall in South Africa

Autumn Leaf Mall- The newest mall in South Africa

Share
Zeerusts’ newest development / Image: Leads 2 Business
Advertisement

A new R500 million shopping center has been opened in Zeerust, North West, aiming to meet rising retail demand in the transit hub between South Africa, Botswana and Namibia.

The 18,000 square meter Autumn Leaf Mall was developed by Akani Properties near Zeerust’s CBD after limited existing retail options failed to satisfy excess consumer appetite. Previously, residents had to travel to Rustenburg or Mafikeng to access popular brands such as Woolworths, Checkers, Ackermans, Truworths, Mr Price, Clicks, and Pep. The project saw the creation of approximately 500 construction jobs.

The mall features a taxi rank and filling station, with plans for a hotel and private hospital in the pipeline.

Autumn Leaf Mall / Image: Akani Properties Pty (Ltd)

Akani Properties Chairman Zamani Letjane was excited about the launch of the project.

“Zeerust [presents] growth opportunities and will stem the tide of migration to big cities and contribute to job creation and economic growth in this largely rural province of North West”, Letjane said.

The development of this mall is another commercial property for Akani Porperties, whose portfolio includes owning the Nicolway Bryanston, Secunda Shopping Centre, Radisson Hotel and Destiny Exclusive Hotel in Kempton Park.

Reporting for Business Tech Africa on the funding, tools and strategy shaping the continent's founders and SMEs.

Was this useful?0 reactions
FCSL launches app that lets Nigerians practise stock trading before risking real money
Read nextFunding & Finance

FCSL launches app that lets Nigerians practise stock trading before risking real money

Getting someone interested in investing is easy. Getting them to put their money into the market is harder. FCSL Asset Management wants to tackle that problem with InvestEd+, a new mobile app that lets Nigerians learn about the stock market and practise trading before using real money. The app uses live Nigerian Exchange (NGX) market

Vutomi Manzini · 3 min readContinue reading