A joint venture between South Africa’s largest food retailer and the City of Cape Town will result in one of the Cape’s poorest settlements, Makaza, receiving its first fully-fledged shopping centre – at a cost of R25m (US$3.1m).
A total of 7,500m2 of lettable space will available for another 35 tenants when the store opens in time for the December festive rush.
Besides Shoprite’s store, 4,500m2 will be available for restaurants, fastfood outlets, clothing, furniture, pharmacies and doctors rooms as well as a petrol station.
The new Shoprite store will provide work for 120 people and the line shops another 200, according to Shoprite director, Brian Weyers. He said it formed part of the company’s regional expansion programme and was planned in consultation with the Khayelitsha Development Forum.
Weyers said the company already had very successful and established supermarkets in other disadvantaged communities in South Africa.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData