Edgars News

South Africa's $340 million Mall of Africa set to open this month

The largest mall in Africa: South Africa's $340 million Mall of Africa set to open this month

South Africa’s largest shopping center development to date, the $340 million Mall of Africa, will be fully operational in 17 days — on 28 April 2016.

Two Rivers - Kenya

Check out these four mega mall developments soon to be launched in Africa (Photos & Videos)

It’s one of the clearest expressions of the growing middle class in many African countries — a burgeoning demand for shopping malls, each more lavish than the one before.

Foschini store in Tyger Valley Shopping Centre, Cape Town, South Africa

South Africa's Foschini to pay $456M to acquire UK retailer Phase Eight from private equity firm TowerBrook

The Foschini Group Ltd. (TFG) agreed to buy U.K. clothing chain Phase Eight from TowerBrook Capital Partners LP, hastening the South African retailer’s international expansion.

Johannesburg skyline | Source: Shutterstock

In South Africa, more evolution than revolution

When Khanyi Dhlomo opened a plush designer boutique here late last year, it revealed as much about the national psyche as it did about the local fashion industry.