Streaming issues? Report here
CapeTalk logo 2017 1500 x 1500 CapeTalk logo 2017 1500 x 1500
Best of CapeTalk
22:00 - 00:00
volume_up
volume_mute

Up Next: Early Breakfast with Africa Melane
See full line-up
Best of CapeTalk
22:00 - 00:00
Home
arrow_forward
Business

Big shopping malls across SA will scrap parking fees or charge just R5 from 2019

6 November 2018 5:07 PM
Tags:
Shopping
Consumers
free
parking
business insider
malls
Phillip de Wet
parking fees
Redefine Property
shopping centres
boom gates

A major South African mall owner says it will scrap parking fees at some shopping centres next year, reports Phillip de Wet.

A major South African mall owner says it will scrap parking fees at some shopping centres next year.

Redefine Properties will reportedly have a capped parking fee of R5 everywhere else, according to a report by Business Insider.

Business Insider's Phillip de Wet says the company ran a trial in July which found that reducing or removing parking fees attracted more customers and spending.

Redefine also believes that it doesn't make sense to penalise customers for staying longer at malls.

Redefine owns Centurion Mall, Maponya Mall, Southcoast Mall, Benmore Centre, Blue Route Mall, Riverside Mall, Kenilworth Centre and Wonderboom Junction.

De Wet predicts that other shopping malls may follow suit with the trend when centres owned by Redefine drop their parking fees in 2019.

This is experimental and I think there might be some pushback from some parts of the company.

Phillip de Wet, Associate Editor at Business Insider Inc

Parking is fairly big business... The business case will have to be established.

Phillip de Wet, Associate Editor at Business Insider Inc

The reality of shopping malls now is that footfall is falling and it's falling fast... Shopping centres are in trouble, we can see those trends very clearly in the data.

Phillip de Wet, Associate Editor at Business Insider Inc

The company tells us that it will look strategically at where it drops the booms entirely.

Phillip de Wet, Associate Editor at Business Insider Inc

Listen to the conversation on The John Maytham Show:


6 November 2018 5:07 PM
Tags:
Shopping
Consumers
free
parking
business insider
malls
Phillip de Wet
parking fees
Redefine Property
shopping centres
boom gates

More from Business

Out of business 123rf 123rfbusiness 123rflifestyle

R200b Covid-19 loan scheme's paid out only R13b. Can a makeover get it to work?

11 August 2020 8:48 PM

Since it launched in May, the scheme's helped only 6.6% of businesses it targets. Will recent changes lead to improvement?

Share this:
Read More arrow_forward

netflorist-haroldpng

Why NetFlorist should be congratulated for bringing back whiny Harold

11 August 2020 8:14 PM

Branding expert Andy Rice explains why NetFlorist's radio campaign is his advertising hero of the week.

Share this:
Read More arrow_forward

123rf A pile of two hundred rand notes, South African currency money

Eskom pensioners receive Covid 19-relief bonuses totalling R104m

11 August 2020 7:25 PM

The Money Show's Bruce Whitfield interviews Eskom's Linda Mateza about the once-off payment to its pensioners.

Share this:
Read More arrow_forward

190715-des-van-rooyen-edjpg

Thank God van Rooyen wasn't finance minister for longer, Zondo commission told

11 August 2020 6:43 PM

Lungisa Fuzile (former National Treasury DG) tore into former minister Des van Rooyen's performance and choice of advisers.

Share this:
Read More arrow_forward

Females women entrepreneurs high-five businesswomen 123rfbusiness 123rf

40% of contracts to women: 'ANC unable to issue tenders without corruption'

11 August 2020 3:04 PM

"Only politically connected women will benefit," warns DA Chief Whip Natasha Mazzone.

Share this:
Read More arrow_forward

dagga-weed-marijuana-joint-smoke-smoking-123rf

New dagga law – proposed quantities allowed, definition of 'private space', etc.

11 August 2020 11:32 AM

You may possess 1.2kg of dried dagga (kind of), and it’s fine to smoke in your car (kind of), says Paul-Michael Keichel.

Share this:
Read More arrow_forward

Female woman businesspeople diverse office 123rf 123rfbusiness

It’s far less risky to lend to a female entrepreneur than a male one - research

11 August 2020 9:26 AM

Studies across the world and industries consistently show women-entrepreneurs have a better risk profile, says Janeesha Perumal.

Share this:
Read More arrow_forward

zari-hassan-image-supplied-by-zari-hassanpng

Zari 'the boss lady' Hassan opens up about her life, inspirations and success

9 August 2020 11:22 AM

Businesswoman and social media influencer Zari Hassan scooped the One Africa award for Social Media and Business Innovation.

Share this:
Read More arrow_forward

plumbing pipework 123rf

Young Cape Town women from challenging backgrounds learn to become plumbers

9 August 2020 8:51 AM

Local sanitaryware brand, Cobra, is equipping young women with useful plumbing skills that will make them more employable.

Share this:
Read More arrow_forward

whatsapp-message-cellphone-mobile-app-screen-social-media-data-internet-123rf

New WhatsApp feature to help users sniff out fake news from forwarded messages

8 August 2020 1:57 PM

WhatsApp has launched a new feature that gives users the ability to cross-check those "viral" messages forwarded on the chat platform.

Share this:
Read More arrow_forward