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South Africa ranks among the top countries for retail space per capita. Nonetheless, the Financial Mail reports, there are at least 101 new shopping centres in the pipeline over the next three years.
When completed, the new malls will bring the number in South Africa to more than 2,400 and increase retail space by 1.7-million square metres to about 25-million square metres, according to a joint report by MSCI Real Estate and Pooled Data Services, which analyses South Africa’s retail pipeline.