Pilane Mall opens without �barred� SA retailers
Wednesday, September 28, 2016
The 7,500 square-metre retail shopping centre was supposed to have been opened in August, but it was delayed by an impasse between some South African retailers and the ministry of Investment, Trade and Industry over licensing issues.
PrimeTime, who are the mall developers, said about 30% of the targeted tenants, who are South African retailers, have not been able to secure exemptions to trade in businesses reserved for locals.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...