Trouble for SA's middle class and massive shopping malls for sale

These are some of the biggest stories you may have missed on BusinessTech this week The Mompati Mall is launching next Thursday, 26 October in Vryburg, North West. The new 22,700 sqm development, named after local struggle icon Ruth Mompati, will be the first mall in Vryburg. [BusinessTech logo]( [Top stories this week]( [◼ Major new shopping mall opening in South Africa next week – a first for its home town]( The Mompati Mall is launching next Thursday, 26 October in Vryburg, North West. The new 22,700 sqm development, named after local struggle icon Ruth Mompati, will be the first mall in Vryburg. [◼ Trouble for South Africans earning under R25,000 a month]( Recent credit and financial health reports show that South Africans are struggling to maintain their standard of living, especially the middle-class workers. [◼ Here is the expected petrol price for November]( Mid-month data from the Central Energy Fund (CEF) points to petrol and diesel price relief on the cards for November 2023, with lower oil prices currently being the bigger boon for energy users. [◼ A new type of mafia is thriving in South Africa]( Several parts of South Africa are struggling with water shortages as taps dry up for weeks at a time – and criminal syndicates, dubbed ‘tanker mafias’, are benefitting from this as they try their best to keep the crisis going. [◼ Another one of South Africa’s biggest malls just sold for R1.6 billion]( Retail property group Hyprop has announced that it has acquired Table Bay Mall in the Western Cape for R1.625 billion. [◼ R3.9 billion for five shopping malls in South Africa – huge sale gets the green light]( The Competition Commission has unconditionally approved the sale of five shopping malls in South Africa, carrying a total transaction value of R3.9 billion. [◼ Big turn for Eskom and load shedding in South Africa]( For the first time in 2023, Eskom’s weekly energy availability factor (EAF) is better than the same period recorded in 2022 and 2021 – but the credit for lower levels of load shedding may lie elsewhere. [◼ Big changes for driving licence cards coming to South Africa]( The Driving Licence Card Account (DLCA) says it will be developing a new ‘smart’ enrolment system that will allow users to largely perform self-service licence card applications in South Africa. [◼ A look at the stunning R195 million ‘glass house’ up for sale in Cape Town]( A 5-bedroom house in Clifton, Cape Town, has an asking price of R195 million, offering views of the 12 Apostles and the Atlantic Ocean. [◼ Hijackings on the rise in South Africa – with criminals targeting these cars right now]( Vehicle hijacking and theft claims have skyrocketed to unsustainable levels, with criminals shifting their crosshairs from older low-value vehicles to newer high-value bakkies and SUVs [Facebook]([Twitter]([LinkedIn]([YouTube]( [Manage your Preferences]( • [View PDF]( • [Pause Subscription]( • [View Online]( This email was sent to {EMAIL} on 22-10-2023 is intended for opt-in communication only. If you feel this email is unsolicited please [report it]( to us Email Powered By Everlytic