Mar 24, 2017 Last Updated 10:30 AM, Mar 24, 2017

“Mall of Africa” to open in 2016

ABN – Africa’s largest mall, the “Mall of Africa”, is set to open in April 2016 in Gauteng, South Africa.

The mall covers 485,000 square metres of land with the retail area covering 131,000 square metres.

It will have four courts with Africa-inspired design features to reflect the continent’s different climatic zones.

The mall will be based in the Waterfall City multi-purpose precinct in Midrand.

MDS architect Tia Kanakakis said: “The mall’s design also incorporates many unique elements, including very high shop fronts, wide passages and an undulating roof feature in the centre with specialist animated LED lighting and a large public space with restaurants known as the Town Square.”

Woolworths, Truworths, Checkers, Ster-Kinekor and Game have already acquired space in the mall.

@ABNetworkOnline

Orange opens South African retail branch

ABN – Orange (NYSE: ORAN) has opened its first retail branch in the Western Cape of South Africa this week.

The opening of the store follows the success of the company’s online South African store, which was launched in 2014.

Orange is due to open the new Claremont-based store on 26 June and the retail store will contain the company’s feature gadgets and accessories.

The company uses a franchise model and shares the responsibilities of opening a new store with a partner.

Orange Horizons CEO Sébastien Crozier said: "This is why we have chosen a partner who already has an existing store, which just needs to be transformed into an Orange store, rather than building a store from the ground up.

“We provide elements such as Orange services, trainers, products, etc.

"We are excited about the store, as it not only provides a further platform for the brand's growth into Africa – which is a key market for us – but is also an additional step in our commitment to our customer base in the region.

"Having a physical retail presence in the country not only offers an improved experience for our consumers, but facilitates for further growth into the region.

“Further to the Orange Wi-Fi offering in South Africa, our plans to launch as an ISP in 2015 will be made easier by having a point of service and contact with our customers." 

@ABNetworkOnline

Spar Group’s profits soar

ABN – Following Spar Group’s acquisition of its Irish counterpart the company’s profits soared by 22%.

The company also introduced more lower-priced own-brand products, which also contributed to the profit increase.

Net income rose to US$65.8 million over the last six months, which is more than double the 9.4% gain posted in the first 6 months of 2014.

The retailer said that its own brand goods are: “paying dividends in the current environment where cash constrained consumers favour products that offer value for money.”

Spar Group’s stock has also gained 19% this year, which is the best performance of the FTSE/JSE Africa Food & Drug Retailers Index.

@ABNetworkOnline

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