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Debt ridden shoppers seek entertainment at malls

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(iStock)
(iStock)

Cape Town - South Africans will favour the shopping centres that can offer them an entertaining and enjoyable holiday shopping experience this festive season, according to Ulana van Biljon, chief operating officer of JSE-listed real estate investment trust (Reit) Emira Property Fund.

Van Biljon noted that consumer spend is under pressure, and mounting. There is also more competition for retail spend in the market than ever before, with 2016 seeing the opening of new shopping centres and the expansion of others.

She explained that shopping centres are also seen as places of free entertainment.

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