Retailers raise Safari revenue

Safari Investments, the retail-focused property group that owns malls in underserved towns has doubled its portfolio by value from R1.3bn at listing in 2014, to R2.6bn.

The firm’s target is to have assets worth R3bn by the end of 2018. The group’s property revenue rose 20% year on year to R205m in the year to March 2017 compared with R170m earned during the year before.

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