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Vukile Property Fund today reported 7.4% growth in dividends per share for its half-year to 30 September 2017.

Monday, 04 September 2017 15:24

Thavhani Mall opens to much fanfare

Thavhani Mall in Thohoyandou, Limpopo, has opened its doors to an overwhelming public welcome.

Mr Ntshavhiseni Brandon Nesengani, raised in Tshisahulu (Itsani) Village, has been appointed as CEO of the new Thavhani Mall, which opens on Thursday, 24 August 2017.

The first fully enclosed, double-storey regional mall in the bustling town of Thohoyandou, Limpopo, is set to introduce a wide range of new retailers to its region when it opens on 24 August 2017.

The highly-anticipated R1 billion Thavhani Mall at Thavhani City in Thohoyandou will officially open on 24 August 2017, bringing world-class shopping to this bustling Limpopo town.

Vukile Property Fund CEO Laurence Rapp discusses the fund’s full-year results‚ which show 7% growth in distributions despite a tough environment.

Vukile Property Fund has secured a 33% R350 million stake in the 50,000sqm Thavhani Mall at Thavhani City in Thohoyandou, Limpopo, after signing a deal with the developers of the new regional shopping centre, Thavhani Property Investments (Pty) Limited. The acquisition will extend Vukile’s retail exposure.

Thavhani Property Investments and the Thulamela Municipality are pleased to announce the transfer of the land on which the new 50,000m2 Thavhani Mall will be developed.

Construction of the new R900 million regional Thavhani Mall in Thohoyandou in Limpopo's Vhembe District Municipality will break ground in June 2014.

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