Compiled by Joanne Liechti, Deodine Cloete and Yvonne Amukwaya of the Strategic Publications Division. Lay-out: Johannes Aoxamub.

A Publication of

pg 2 pg 6 pg 8

The Grove, open TOMORROW

My Republik clothing brand opens its doors

Namibia’s biggest shopping centre

2 October | 22 | 2014

WE LOOK FORWARD TO SEEING YOU

THE GROVE MALL OPENING SOON

T&Cs apply.

THE Grove Mall of Namibia in Kleine Kuppe, Windhoek, is well on track to open

tomorrow, 23 October. This is despite setbacks which

saw its original opening date moved from September to 23 October.

The developers and owners would like to assure shoppers and tenants that despite the earlier delays, construction is nearly finished and the mall will open.

While there were delays on site as a result of the metalworkers’ strike in South Africa, the main contractor and subcontractors have been working around the clock to ensure that work will be complete in time for the opening, which is set to be a fun-filled day of activities for shoppers.

The Grove Mall of Namibia is a new 55 000m2 regional mall, which forms part of the mixed-use Hilltop estate in one of Windhoek’s fastest-growing suburbs. Developed by Atterbury Property Holdings (Pty) Ltd, Attacq Ltd, The Frontier Property Trust and Demushuwa Property Developer (Pty) Ltd at a cost of some N$1 billion. The mall is said to be the most attractive retail spot in the city.

The main attraction will be the entertainment and cinema area offering not only outside seating

The Grove, open TOMORROW

areas but a new cinematic complex from Ster-Kinekor boasting six theaters including the latest in 3D technology.

There will be a variety of activities and promotions to entice shoppers on the opening day. There

will also be various competitions and promotions taking place during November and December.

But then again, what else can one expect from a N$1 billion mall? The mall offers the first real food court in Namibia, with

restaurants and fast-food outlets with outside seating on a large viewing deck. The Grove will also offer free Wi-Fi, baby changing rooms. Bathrooms will be fitted to extremely high standards.

Provision will also be made for

disabled parking as well as special mummy-assist parking bays, for parents with children.

The Grove Mall’s trading hours are as follows: Mon - Sat 9am – 7pm; Sun & Public Holidays 9am - 5pm.

Aesthetic... An artist's impression of The Grove

October | 22 | 2014 3

WE LOOK FORWARD TO SEEING YOU

THE GROVE MALL OPENING SOON

T&Cs apply.

OPENING 23 OCTOBER 2014!NEW NWJ STORE

VISIT OUR STUNNING

NWJ NAMIBIA: Shop 285, The Grove Mall, Windhoek.

The Grove, open TOMORROW

disabled parking as well as special mummy-assist parking bays, for parents with children.

The Grove Mall’s trading hours are as follows: Mon - Sat 9am – 7pm; Sun & Public Holidays 9am - 5pm.

Driven by the wish to offer exceptional jewellery at more reasonable prices than the industry norm, Hylton Rabinowitz

bought and incorporated into Natal Wholesale Jewellers in 1985. One of Durban's oldest jewellery manufacturers, the company was originally founded in 1928.

Since the mid-1980s up to 45% of NWJ's range has been manufactured by an in-house facility, today based at KZN's Millennium Bridge Business Park.

With state-of-the art computing and laser technology, it has 12 000 lines of manufacturing. Stones are individually set in place and jewellery polished by hand, while eagle-eyed gemologists personally select all the stones that go into the jewellery.

Controlling their own channel of sourcing, manufacture, supply and distribution makes it possible to be first to market with great prices and equal (or better) quality when compared with similar, imported products.

NWJ's never had that string of middlemen that

normally connects manufacturer with retailer, adding a mark-up at every stage and upping the end price. The company's employees frequent the world's top jewellery shows, such as the Hong Kong Fair, Baselword and Dubai International Jewellery Week – then come back wide-eyed with hundreds of examples of the latest trends, which NWJ interprets for the SA market at their manufacturing site, or imports directly.

The ruby on top? NWJ is still the only large jewellery manufacturer in Southern Africa, other than The Coin Company, holding the internationally approved SABS mark of guarantee of gold content. Any gold the costumer buys from NWJ has a guaranteed quality of gold as stated, be it 9 carat or 18 carat.

NWJ is the 3rd largest national jewellery chain in South Africa and subsidiary of Taste Holdings Limited, one of South Africa’s largest listed franchise companies.

The Namibian market is a key site in the NWJ footprint and will receive dedicated management focus to ensure its success thereof.

Aesthetic... An artist's impression of The Grove

Value, Quality and Choice

• YVONNE AMUKWAYA

WHEN the Grove Mall opens its doors to the public tomorrow it will not only provide

consumers with greater variety, but enhance income-generating opportunities by providing additional employment, both directly and indirectly.

“It will provide the consumer with additional choices of goods and services, if they attract companies that offer goods and services so far not available,” says Klaus Schade, research associate at the Institute for Public Policy Research.

More convenience will lead to less money leaving the country, in turn strengthening the local economy and creating more opportunities, as there will be no need for consumers to go to other countries for shopping.

According to Schade, The Grove Mall can also attract customers from neighbouring countries, in particular Angola.

“It can contribute to Namibians spending the money in the country rather than shopping in South Africa or elsewhere while on business or vacation.”

He said that additional retail space will result in stronger competition if new retail outlets are attracted and can result in lower costs per square metre for retail outlets, which in turn can lead to lower prices.

“However, if total consumption

Greater variety for consumers

Should we reach a point of over-supply, competition

will become fierce and drive prices down. If that results in developers no longer able to cover costs, they will have to

exit the market. - Klaus Schade

spending does not increase, but is merely shifted from existing malls to new malls, and if it is the same companies opening another outlet, then overall costs for these companies could increase and either reduce the margins or result in higher prices for the consumer,” Schade states.

Furthermore, he said that additional shopping malls in particular when they are opened in towns and suburbs so far under-served, will result in customers travelling shorter distances and hence saving transport money and time.

Recently, there has been a lot of shopping centres around the country, particularly in the North, but Schade says he does not think we have too many. “However, should we reach a point of over-supply, competition will become fierce and drive prices down. If that results in developers no longer able to cover costs, they will have to exit the market.”

4 October | 22 | 2014

CHECKERS THE GROVE MALLGRAND OPENING

ON THURSDAY 23 OCTOBER 2014

THE GROVE MALL

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2014

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THE GROVE MALL, KLEINE KUPPE, WINDHOEK.

October | 22 | 2014 5

T&Cs apply. See in-store.

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A breakthrough campaign called Smile Namibia

has been launched at The Grove Mall. This is aimed at creating awareness and competency of superior customer service by retailers and service personnel.

The Smile Namibia campaign and training at The Grove kicked off in earlier in October with 75 Checkers staff benefiting from customer excellence training.

While the one-day training campaign was initially targeted towards tenants at The Grove, the campaign is now open to the broader market. “We are extremely excited to offer this opportunity to our tenants at The Grove and other industries as the initial response for this need was overwhelming,” shared from Safland who is leading this campaign.

He said, “We Namibians are naturally friendly people, but this does not always translate to great experiences in shops and service centres.”

Van Jaarsveld said that retailers understand the reputational risk if they do not train their staff on what customers expect and want.

“Making an item available on the shelf is simply not good enough. It is the total experience that brings our clients back to our stores to ensure return business,” stated Van Jaarsveld.

He said that Safland has designed a unique course for the industry to unlock and cement this inherent potential. “We want to make Namibia known for superior customer service – an experience we want to share with our local and international customers.”

Smile Namibia has teamed up with Anton du Preez from Mach 106 Business Trust to facilitate these workshops.

During the training sessions of the Smile Namibia campaign, retail and service staff receive training in: current realities, typical customer road map, merchandising, shopper profiles, key drivers of customer care, roll-play sessions and other key areas of customer service excellence. This first level will be supported by an advanced level (2).

The first group of front-line staff from Checkers in The Grove has completed their level 1 training and several other retailers and industries will follow in November and December and in 2015.

* For further enquiries about the SMILE NAMIBIA campaign, please contact Desmond van Jaarsveld at desmond@safland.com or telephone (061) 254 972.

SMILE… the first group of trainees

undergoing a one-day training

session in the Smile Namibia

Principles.

Superior Customer Service campaign

We want to make Namibia known for

superior customer service – an experience we

want to share with our local and international

customers. - Desmond van Jaarsveld

6 October | 22 | 2014

• YVONNE AMUKWAYA

Soon to be business behemoth, Leap Holdings is making

serious advances in Namibia’s fashion retail market with the launch of MY REPUBLIK.

My Republik, the brainchild of Leap Holdings – a Namibian company

involved in agribusiness, retail and manufacturing - is Namibia’s first ever-commercial clothing line that will open tomorrow with some of its pieces set to hit the shelves.

“The brand itself is about providing inspiration to be able to build pride in the Republic of Namibia,” said Ally Angula, co-founder and

managing director of Leap Holdings in an interview with The Namibian.

She said that the drive for My Republik started in 2010. “We wanted to get into industries that allow us to manufacture and also enable us to build sustainable businesses.”

Sharing her big vision for Leap Holdings, Angula

said, “My plan for Leap is to impact a million lives by employing a million people, whether directly or indirectly but where we are able to say we have impacted a million lives,” she said passionately.

And that is how the business idea was conceived. “Once we knew what our vision was we identified the garment industry as one of

those possibilities. “Angula said that while

there is a lot of automation, there is still a lot of human involvement in the garment industry. “It is not like making a car. When it comes to a garment, there are a lot of pieces that are put together by different people.”

She said, “Somebody will have to design the label, another will have to print the label, and then another needs to cut out the label once it is printed. Also, somebody needs to stitch the fabric and because it is different panelling to one garment, up to seven people can work on one piece.”

Sharing her experience, Angula said that her thinking initially was not to go into the garment industry.

However, her company set out to get involved in the manufacturing sector so they simply narrowed down the sectors and decided on the garment industry as a start.

“Being in Namibia, people could not understand why we wanted to be in garments/textiles as Ramatex failed. And also, there is tight competition from the Chinese market. I thought to myself that there must be a way. There are people that managed to create multi-million dollar empires in garments. Why not us because nothing is impossible?”

They set that intention and ploughed full steam ahead into the manufacturing industry. They had initially applied for space at Maerua Mall but at that time there was none. They managed to get space at Namibia’s biggest mall, the new Grove Mall. My Republik’s very first outlet will be at The Grove on the top floor with other international brands right at the entrance on 212 square meters of floor space.

According to Angula, My Republik is a premium brand. It is not aiming to compete on price but rather on the customer experience and the quality of the brand.

From the manufacturing and retail, we moved on to Leap Holdings' agricultural venture: Agri Business.

“We are trying to integrate all of our businesses because we want to control the value chain as much as possible,” said Angula.

Alongside My Republik, Leap Holdings started the horticultural farming business (with potatoes and onions as the main rotational crops) that is ultimately geared to finance the experimental plantation of bamboo at the farm.

“The idea is to experiment with the growing of bamboo with which we can make fibre and fabric. In five to six years’ time, we hope to send the plant for processing and get back material to make the garments,” said an enthusiastic Angula.

Leap Manufacturing is currently operating from Windhoek West, but operations will be moving to its manufacturing facility

My Republik clothing

October | 22 | 2014 788

04 E

& O

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Fans find out first.Call 0860 3333 29. Exclusive to Cape Union Mart Grove Mall. Call 0860 3333 29. Limted to 3 units per product per customer.Products subject to availability. All our products are covered by our famous 5-Way Guarantee, ensuring that you always get the best price and advice along with the fairest return and exchange policy.

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OPENING SPECIALSCAPE UNION MART GROVE MALL EXCLUSIVE

TSITSIKAMMA 30L DAYPACK

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those possibilities. “Angula said that while

there is a lot of automation, there is still a lot of human involvement in the garment industry. “It is not like making a car. When it comes to a garment, there are a lot of pieces that are put together by different people.”

She said, “Somebody will have to design the label, another will have to print the label, and then another needs to cut out the label once it is printed. Also, somebody needs to stitch the fabric and because it is different panelling to one garment, up to seven people can work on one piece.”

Sharing her experience, Angula said that her thinking initially was not to go into the garment industry.

However, her company set out to get involved in the manufacturing sector so they simply narrowed down the sectors and decided on the garment industry as a start.

“Being in Namibia, people could not understand why we wanted to be in garments/textiles as Ramatex failed. And also, there is tight competition from the Chinese market. I thought to myself that there must be a way. There are people that managed to create multi-million dollar empires in garments. Why not us because nothing is impossible?”

They set that intention and ploughed full steam ahead into the manufacturing industry. They had initially applied for space at Maerua Mall but at that time there was none. They managed to get space at Namibia’s biggest mall, the new Grove Mall. My Republik’s very first outlet will be at The Grove on the top floor with other international brands right at the entrance on 212 square meters of floor space.

According to Angula, My Republik is a premium brand. It is not aiming to compete on price but rather on the customer experience and the quality of the brand.

From the manufacturing and retail, we moved on to Leap Holdings' agricultural venture: Agri Business.

“We are trying to integrate all of our businesses because we want to control the value chain as much as possible,” said Angula.

Alongside My Republik, Leap Holdings started the horticultural farming business (with potatoes and onions as the main rotational crops) that is ultimately geared to finance the experimental plantation of bamboo at the farm.

“The idea is to experiment with the growing of bamboo with which we can make fibre and fabric. In five to six years’ time, we hope to send the plant for processing and get back material to make the garments,” said an enthusiastic Angula.

Leap Manufacturing is currently operating from Windhoek West, but operations will be moving to its manufacturing facility

My Republik clothingin Witvlei. Renovations are being finalized and machinery is set to be in full operation in January.

At the moment, the company employs 36 people since it started its operations in February. It gets raw material from all over the world, amongst them South Africa, Portugal and

Mauritius.Asked what sort of

clothing they manufacture, Angula said, “My Republik is not a brand focused on trends. Our brand is synonymous with style and we hold steadfast to the fact that we are not into fast fashion. We want our production process to run as

efficiently as possible and ensure the best quality comes out as the finished product.”

“The reason we are obsessed with quality and respecting the design process is because it takes about half a year to get signed off in terms of your design because of all the processes in-between which is primarily

the cut, make and trim,” she added about the steps between design and final product.

Asked what challenges they face, Angula said making a garment is difficult and finding the right skills is even more difficult. “You need to identify, train people, then get them into the

production process, while adding value to their lives and the company as a whole”

My Republik has six sizes and 48 designs and currently focuses on clothing for both male and female and is looking at expanding into children’s wear in the near future.

Once the site in Witvlei

opens, 199 jobs will be created directly and even more indirectly through the use of suppliers all involved in the process.

Their vision as the Leap Group? “To instil a sense of pride in our Republic while providing inspiration to people and ultimately employ a million people in

Namibia and Africa.Future plans? “To open

a second shop at Maerua Mall next year and a third in Swakopmund, November 2015. Also, to expand into other countries in Africa.”

“What others have done, we can also do, and we can do it in the spirit of greatness,” Angula said.

brand openS its doors

8 October | 22 | 2014

The Grove will feature the first real food court in the country, with restaurants and fast food outlets spilling over to

outside seating. The large open court will entice children of all ages with a unique water feature.

The Hilltop mixed-use node within which it is situated is developing swiftly and already includes a variety of other shopping spots such as Food Lovers Market and Metro.

The mall will be anchored by Woolworths, Game, Checkers, Woolworths Food and Spar. Other respected retailers taking space in the centre include Tekkie Town, Sportsmans Warehouse, FNB of Namibia, Clicks, Toys R Us, Dischem, Sterkinekor, Edgars, Pep, Truworths, Outdoor Warehouse and Cotton On, Game, Happy Me, News Café.

The main attraction will be the entertainment and cinema area, which has been designed with outside seating areas to take advantage of the climate and spectacular views over the City.

This landmark development will be the largest commercial property development within the borders of Namibia.

It will also provide residents and surrounding towns with a top-end mall that features over 126 stores (28 of them new to Namibia), offering them greater variety and choice than ever before. The importance of being properly prepared for the opening therefore cannot be understated.

The new shops include; Aldo, Bata, Board Riders, Coricraft, Cotton on, Dischem, Earth Addict, Earth Child, Forever New, Frasers, Guess, Happy Me, LACOSTE, Le Creuset, Mica Beauty, My Republik, News Café,

• YVONNE AMUKWAYA

The much-anticipated Grove Mall that will open its doors to the public tomorrow is set to wow shoppers. However, the grand

opening will also bring up issues of safety and security yet again.

Last year saw an increase in the number of thieves terrorising shoppers at various malls in the country, especially in Windhoek.

“Safety of all shoppers and tenants is our main priority and was a key factor when our health and safety plan was developed. “ said Kallie van der Merwe, CEO of local property developer Safland.

He said that the training of both their security and CCTV representatives is done with a focus on ensuring a safe and secure environment. “This allows shoppers and tenants to enjoy their shopping experience to the fullest,” he said.

Kallie confirmed that a Namibian security company will be patrolling the centre 24 hours, 7 days a week. Security will also include a panic button system and CCTV cameras, which are installed throughout the mall.

‘The safety and peace of mind of our shoppers will be our main priority at all times,” Kallie said, adding that all shops have a panic button installed in their shops in case of an emergency, which they are able to activate.

Asked which Security company will be patrolling the mall. Kallie said that the negotiations with the security company are in the final stages but there will be tight security from the day of the mall's opening.

namibia’s biggest shopping centreSafetya top priority at The Grove

Vida-E, Old Khaki, NWJ, Poetry, Scoin, Sissy Boy, Smartstore, Toys R Us, Wakaberry.

The Grove is situated in the Hilltop Estate, featuring A-grade offices, Lady Pohamba

Hospital, residential apartments, a 4 000m² Virgin Active gym, a high performance centre, Hotel as well as the new 17 000m² lifestyle Mega Centre.

THE PLAN ... When The Grove Mall of Namibia opens, it is said to be one of the most desirable retail destinations in Windhoek.

October | 22 | 2014 9

namibia’s biggest shopping centre

Hospital, residential apartments, a 4 000m² Virgin Active gym, a high performance centre, Hotel as well as the new 17 000m² lifestyle Mega Centre.

THE PLAN ... When The Grove Mall of Namibia opens, it is said to be one of the most desirable retail destinations in Windhoek.

• YVONNE AMUKWAYA

The taxi rank at The Grove Mall is in its final stages and close to completion. Situated right across the

mall, the taxi rank will be connected to the mall by a bridge.

“We don't want people to cross the road by foot, thus are building the bridge as it is safer and more convenient,” said Kallie van der Merwe, CEO of Safland Property Group.

He said, “We need to make The Grove accessible to all people as not everyone has their own transport and many rely on public transport.”

The taxi rank will have 83 taxi bays and the bridge will be complete in January next year, which will give people direct access to the mall.

In addition, van der Merwe said, “Shopping for us is about entertainment. The Grove is a total experience. It focuses

on the shopper and is there to enhance their shopping experience.”

Asked what will set The Grove apart from all other malls in the country, Van der Merwe said, “It is the wider parking bays, the finishes inside which are not your normal, and the floor tiles which are imported from Spain.”

“The heights of the shops is also unique, so are the natural wooden doors, baby changing rooms and the child-friendly water fountain, which will be at the food court. The same area will also have full-sized trees,” he said.

Furthermore, van der Merwe said that the 126 shops also provide greater choice. “You have everything all under one roof. Namibia never had that choice before. And that is the difference between The Grove and all other malls.”

“It is the entertainment, the choice and convenience,” he added.

While not all shops will be open

tomorrow including some of the restaurants at the food court, Spar and Sterkinekor (set to open 01 December 2014), Van der Merwe said 80% of the shops will be open. The construction of the mall was heavily impacted by the steel strike of South Africa.

Regardless of this, he said that they are expecting to be flooded during the first week of the mall's opening.

Asked whether the parking bays are fully completed, he said that 99% are finished but there is more than enough parking.

Van der Merwe explained that the target market for The Grove is the retail tourist.

“Namibia already receives a lot of retail tourists, especially from Angola, but you still see many travelling to South Africa for shopping. What we want is to change that pattern and turn Namibia into the preferred shopping destination,”he said.

He concluded by saying that the whole Hilltop Estate, which The Grove is part of, will turn Windhoek into a world-class city.

Transforming Windhoek into a world class city

• YVONNE AMUKWAYA

THE Grove Mall in Windhoek has been designed with the ‘shopper’ in mind.

There are five vehicular access points that allow motorists onto three parking decks offering 2 426 bays. Parking has been constructed at ground level, mezzanine floor and upper level.

The parking bays are that on average 20cm wider than the average local offering. This makes it easier for motorists to manouvre vehicles of different sizes and is convenient for all shoppers. Parking decks are linked to main shopping levels without the need for using staircases or elevators.

The two main shopping levels and third entertainment level are all interconnected by six sets of escalators

that present an experience in its own right.

While the developers could not divulge the parking rates, convenient paid parking will be available with the first hour free on the open level.

“We can confirm that the first hour will be free but the parking rates are being finalized,” said Kallie van der Merwe, CEO of Safland.

The Grove Mall will provide a pay on foot system, meaning payment will be made at the pay-on-foot terminals located closer to the exits of the mall.

According to van der Merwe, “This ensures a faster and more convenient exit from the parking facility.”

Parking categories include normal parking, disability-and-elderly parking as well as Mommy and baby parking bays.

Convenient parking for all

• YVONNE AMUKWAYA

THIS year marks the third anniversary that Safland is operating in Namibia. The company originated from South

Africa but is now100% locally-owned. Safland is one of the fund managers for

Government Institutions Pension Fund (GIPF), which has majority shareholding in the Frontier Property Trust.

Frontier Property Trust owns 33.33% of The Grove, while Atturbery Property Holdings owns 50% and Demushuwa Property Developers owns 16.67% of the complex.

Safland is the largest beneficiary of the GIPF’s Unlisted Investment Programme and is looking at developing office space for the pension fund.

“They have already given us a list and we are working according to it,” said Mirinda van der Merwe, leasing director of Safland.

Explaining the relationship between the two organisations, van der Merwe said, “We specialise in retail property and although the GIPF does not specialise in retail, they do need office space. In Otjiwarongo they had a need for a bigger space and we created an office for them. Which is easy for people to get to as it is within the shopping centre.”

“In short, we develop retail property for GIPF. They are the owners and we are the asset managers for them. We see retail property investment opportunities for them,” she said.

Earlier this year, Safland formed joint ventures with the Collins Group from South Africa and started a company called SafColl.

Asked how the venture came about, van der Merwe said that Safland bought the shopping centre in Rundu, which was owned by the Collins Group. “We suggested to them that we revamp and add onto the centre. Just to make it bigger and provide greater tenant mix.”

According to her, their aim is to always develop retail property in an already existing CBD.

“We want to develop what is already there because if we were to develop elsewhere, we would be taking away their current business. That is why we are always looking for ground within the shopping centre and that is what we have done with Otjiwarongo and Rundu.”

She said that they are currently busy with the upgrade and extension the shopping centre in Rundu and that the project is on schedule. Phase one will open in April next year and phase two, by end of November 2015.

Besides that, Safland is also developing the Mega Centre along with Demushuwa which is situated in the Hilltop estate.

Asked if the centre will not create direct competition for The Grove, van der Merwe said, “Mega Centre will not be competing with The Grove. It is a small shopping centre with Pupkewitz hardware as the anchor tenant.”

Mega Centre is the brainchild of Demushuwa. “They started the centre and approached us and we are the project managers and arrangers of the funding,” she said.

The Mega Centre is being completed in two phases. Phase one will be finished in December this year, while phase two will be complete in April 2015.

Safland:Namibia’s top property developer

Mirinda van der Merwe, leasing director of

Safland.

FINAL TOUCHES ... Entrance being finalised.

10 October | 22 | 2014

• YVONNE AMUKWAYA

Approximately 1500 permanent jobs have been created with the development of The Grove Mall.

More employment is set to be created with the establishment of various other malls around the country.

Safland’s construction of Gwashamba Mall in Ondangwa and Otjiwarongo Town Square alone has created more than 600 construction job opportunities.

These malls are supporting a further 700 people or families through permanent retail employment opportunities created at the centers.

The retail sector is the largest employer globally and was rated as the second largest employer after agriculture in Namibia in 2012.

The Grove Mall, which is one of Africa’s biggest shopping centres is also Safland’s first large project since coming to Namibia. The company also developed a mall in Otjiwarongo and Ondangwa. They are currently busy with 11 other mall developments in the country.

‘It’s not only about setting up a shopping centre and then you are done. A good shopping centre must have a good tenant mix,”said Mirinda van der Merwe, leasing director of Safland in an interview with The Namibian.

She explained their concept, saying they try to ensure they have a good tenant mix which fulfills the needs of the locals in that particular area.

“When you are building a shopping centre, the providers of funding normally provide funding on condition that the tenant mix consists of a high percentage of national tenants. The high national tenant mix is to ensure a secure income stream, which is the cornerstone of fixed income investment and funding requirements. The balance of the tenant mix is local tenants which provide variety and strengthen the service offering of the shopping centre,” explained Van der Merwe.

“Anchor stores attract people. When anchor tenants offer good prices to people, it is better for local tenants to be in-between as they can benefit from the feet coming to anchor stores,”she added.

According to her, all these development are attracting large amounts of foreign investment coming into the country. All the projects, including those in the pipeline and those that have been completed,

amount to approximately N$3,5 billion worth of investment.

“If I talk about companies which originated from South Africa such as Foschini, Edcon and Shoprite, they come here, register themselves as Namibian companies, pay taxes, and vat and the country benefits. It’s not like they are operating from here and send out the money. The money stays here,” added Van der Merwe.

Earlier this year, direct foreign investment of Safland stood at N$1,03 billion, while local investment was at N$325 million.

Developments still in the pipeline include:

Ballot Place (Windhoek), which are offices and flats set to be completed in October 2015 with an investment of N$33 million.

Hilltop Estate (Windhoek), City Lodge that is set to be completed in November 2015, with an investment of N$90 million.

Divundu Crossing (Divundu), to be completed in November 2015 with an investment of N$60 million.

Mariental Centre (Mariental), to be completed in December 2015 with an estimated investment of N$120 million.

The MegaCentre (Windhoek), phase 1 will be completed by November this year, and phase 2 by April 2015 with an investment of N$ 220 million.

Oasis Mall (Oshakati) will be completed in October 2015 with an investment ofN$125 Million.

Ondangwa Value (Ondangwa) will be completed in August 2015 with an investment of N$54 million.

The Rundu Mall (Rundu), phase 1 will be completed in May 2015, while phase 2 will be completed in November 2015 with an investment of N$ 160 million.

The Steps, which are the offices at Hilltop Estate, will be completed by November 2015 with an investment of

N$140 million.Other projects include developing seven

Total filling station, Virgin Active, the Walvisbay Mall, which will costs

N$420 million and will cover 26,000 square metres, as well as the Zambezi Mall, which will cost N$120 million and is set to be completed in April 2016.

Safland is set to launch the Namibian Chapter of International Council of Shopping Centers.

Contributing to the growth of the economy

Anchor stores attract people. When anchor

tenants offer good prices to people, it is better for local tenants to

be in-between as they can benefit from the

feet coming to anchor stores,”she added.- Mirinda van der Merwe

October | 22 | 2014 11

amount to approximately N$3,5 billion worth of investment.

“If I talk about companies which originated from South Africa such as Foschini, Edcon and Shoprite, they come here, register themselves as Namibian companies, pay taxes, and vat and the country benefits. It’s not like they are operating from here and send out the money. The money stays here,” added Van der Merwe.

Earlier this year, direct foreign investment of Safland stood at N$1,03 billion, while local investment was at N$325 million.

Developments still in the pipeline include:

Ballot Place (Windhoek), which are offices and flats set to be completed in October 2015 with an investment of N$33 million.

Hilltop Estate (Windhoek), City Lodge that is set to be completed in November 2015, with an investment of N$90 million.

Divundu Crossing (Divundu), to be completed in November 2015 with an investment of N$60 million.

Mariental Centre (Mariental), to be completed in December 2015 with an estimated investment of N$120 million.

The MegaCentre (Windhoek), phase 1 will be completed by November this year, and phase 2 by April 2015 with an investment of N$ 220 million.

Oasis Mall (Oshakati) will be completed in October 2015 with an investment ofN$125 Million.

Ondangwa Value (Ondangwa) will be completed in August 2015 with an investment of N$54 million.

The Rundu Mall (Rundu), phase 1 will be completed in May 2015, while phase 2 will be completed in November 2015 with an investment of N$ 160 million.

The Steps, which are the offices at Hilltop Estate, will be completed by November 2015 with an investment of

N$140 million.Other projects include developing seven

Total filling station, Virgin Active, the Walvisbay Mall, which will costs

N$420 million and will cover 26,000 square metres, as well as the Zambezi Mall, which will cost N$120 million and is set to be completed in April 2016.

Safland is set to launch the Namibian Chapter of International Council of Shopping Centers.

12 October | 22 | 2014

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WAKABERRY, the self-service frozen yoghurt brand, has grown from strength to

strength in the three years since its first store opened in Durban and is set to open its doors tomorrow.

The brand now has 40 stores in nine provinces in South Africa and has branched out into Namibia and will be situated at the Grove Mall in Windhoek.

“We are actively pursuing other sites. If there is customer demand we’ll be sure to consider more options,” says Michele Fourie, co-founder and managing executive of Wakaberry.

Wakaberry were the first self-serve frozen yoghurt bar in the South African market and Fourie expressed excitement about the expansion of the brand into Namibia.

“We are thrilled that our first international store is Namibia. This is such a beautiful country and we are very excited to be finally bringing our bowls of happiness across the border. We are focusing on strategic store expansions with several other international branches in the pipeline.” says Fourie.

Wakaberry have always taken pride in making sure their yoghurt is 100% dairy from some of the top dairy farms. Customers swirl their own yoghurt and then dispense their own toppings from the famous and scrumptious Wakaberry toppings bars. There are over 50 froyo flavours to choose from and these are rotated weekly in each store.

Wakaberry Grove Mall, Namibia opens on Thursday 23 October at 9am. The first 50 customers will receive a special Wakaberry hamper.

interest free credit, subject to full payment and no interest bearing transactions. So you only pay what you paid.

Budget Facility (Extended credit facility)

Budget facilities on card accounts are available for domestic/local purchases and is often used for large purchases like fridges, furniture, hi-fis or airline tickets. It is a quick and easy way for cardholders

to purchase items over N$200.00 and repay over 6, 12, 18, 24, 30, 36, 42, 48, 54 or 60 months. At the point of sale you can just indicate that it should be “transacted” as a budget payment.

Stay InContact with your spending

We will also provide our customers with FREE e-mail statements and InContact. If registered for InContact, customers will receive

real-time confirmation of deposits, transfers, withdrawals and purchases on their FNB Credit Card account, either via Cellphone or e-mail for all transactions exceeding N$100.01

Automatic Debt Protection

Automatic Debt Protection protects our cardholder’s family from the outstanding debt on their credit card in the event of their death or

permanent disability at no additional cost, provided that the cardholder is under the age of 70. The debt covered is the outstanding balance of your personal FNB Credit Card account or a specified maximum amount, whichever is the lesser.

Extended Warranty for Gold-Private card holders

The Extended Warranty protects goods purchased with an automatic extension of the manufacturers or retailers warranty for up to 24 months from when the item was purchased. The warranty is available on a range of

goods including household and electrical appliances.

Airport LoungesAs exclusive guests, FNB

Platinum and Private Client credit cardholders can benefit from our airport lounges - a place where the chaos of the airport and stress of travelling are momentarily forgotten. The airport lounges provide a sanctuary from the fast pace of travel and modern life. The concept is based on a moment in time where you get a chance to catch your breath.

The following facilities are available at the airport

Pay only what you paidAll new FNB Credit Cards will be issued with a chip and pin

which will grant global access-swipe anywhere in the world at over 30 million merchants. With FNB’s innovative travel insurance, customers have comprehensive cover for local and international travel, provided that they have purchased their airline and bus tickets (the full fare) with their FNB Credit Card in SADC.

55 days Interest freeEnjoy up to 55 days

lounges:1. Tasty snacks freshly

prepared by on-site chefs. 2. Freshly brewed coffee,

wine tasting and self service bars.

3. Private working areas and a meeting room. (available at O.R Tambo)

4. The latest Apple iMacs and OKI printing facilities.

5. Individual washrooms and shower facilities.

6. A library filled with the latest books from Exclusive Books.

7. Private spa, offering a 15-20 minute treatment before your flight.SLOW lounges are found

at South African airports and FNB lounges are available in Namibia, Gabarone and Lusaka.

Wakaberry spreads its wings to namibia

ABOUT WAKABERRY:

Wakaberry are the first to introduce the pay-per-weight, self-service concept to South Africans and have remained the market leaders ever since. They opened their first store in Florida Road in Durban in May 2011.

Wakaberry was started by three born-and-bred Durbanites and they are very proud of their product – “Wakaberry is the leading self-serve frozen yoghurt bars that uses 100% real, traditonally fermented yoghurt in their soft serve”.

In 2013 Wakaberry was awarded the Best of Joburg award for the best frozen yoghurt and in 2014 International Frozen Yogurt Association awarded them with ‘Three Swirls of Honour’, in recognition of their froyo excellence. This was the first time a froyo bar outside of the United States was recognised by the association.

GROWING STRONG . . . Michele Fourie, co-founder and managing

executive of Wakaberry.

October | 22 | 2014 13

www.bankwindhoek.com.na

Welcome toour new Branch in The Grove Mall

We are proud to announce the expansion of our branch network with the opening of our new branch at The Grove Mall in Kleine Kuppe, Windhoek. Our clients can expect the same trusted service and convenient banking that Bank Windhoek is known for. We look forward to welcome you in our new branch, so visit us at shop no. 468 or call us on Tel: 061-428000 and we will once again show you how, Together we do better.

WITH less than two years remaining before South Africa’s largest single-phase mall development opens its doors, developers

of Atterbury Property Group (Atterbury) are emphatic that the development is still on budget.

“We are well within leasing [targets]; the income we want and the cost of the development are on track,” said Atterbury managing director James Ehlers.

The R3,5 billion retail development, which has been described as a rival to Sandton City, is nestled in a sprawling 330ha mixed-use node of Waterfall City.

To date a total of 100 000 square metres of the 130 000 square metres mall has been committed. All eyes will be on Mall of Africa as it plans its opening for April 2016, bringing the total duration of the mall’s development to 36 months.

Mall of Africa’s design boasts two levels with some anchor tenants including Woolworths, Checkers, Truworths, Mr Price and Edgars.

The retail development has even attracted international retail heavyweights to its local store offering. Mall of Africa has concluded lease agreements with Forever New and Hennes & Mauritz (H&M) which are set to cover two floors. The developers are still in talks to secure Zara.

Some of the lease agreements secured at Mall of Africa are between the periods of five to ten years.

According to Ehlers, the development is on track to offer consumers over 300 stores and up to 7 000 parking bays. It is expected that up to 2 million consumers will frequent the shopping centre.

“Anchors [retailers] offer high yields on rental space. We are discussing with international brands to take up the remaining 30 000 square metres,” he said.

Ehlers said that Atterbury was contemplating adding a further 30 000 square metres to the existing gross lettable area, but decided not to due to cost factors.

The mall’s strategic position between Johannesburg and Pretoria has provided Atterbury developers with the opportunity for the extension of a Gautrain route. Ehlers said discussions are still pending on planned routes to extend the Gautrain service from Hatfield, Pretoria, to Mall of Africa’s site.

Overall, the Waterfall City development, which boasts residential living, office and retail space, is set to be the same size as Sandton and bigger than Johannesburg’s inner CBD, according to Atterbury retail director Cobus van Heerden. “Mall of Africa has to be on par, and be able to compete, with international standards.”

Mall of Africa is said to have had a knock-on-impact for other developments that followed at Waterfall City.

To date JSE-listed Attacq Property (Attacq), which has the development rights to the commercial arm of Waterfall City, has completed a total of 162 269 square metres of the 1,7 million square metres approved development bulk.

Some of the completed developments include Cell C’s Campus, Group 5 head office, a new distribution centre for MBT Technologies, two buildings within the Maxwell Office Park and Waterfall Corner.

Attacq has also courted PricewaterhouseCoopers to relocate its Gauteng head office in Waterfall – a building boasting more than 40 000 square metres with 25 stories.

The transaction is still subject to a number of conditions. In total Attacq has a secured pipeline of projects planned of 296 493 square metres.

www.moneyweb.co.za

Mall of Africa still on budget

lounges:1. Tasty snacks freshly

prepared by on-site chefs. 2. Freshly brewed coffee,

wine tasting and self service bars.

3. Private working areas and a meeting room. (available at O.R Tambo)

4. The latest Apple iMacs and OKI printing facilities.

5. Individual washrooms and shower facilities.

6. A library filled with the latest books from Exclusive Books.

7. Private spa, offering a 15-20 minute treatment before your flight.SLOW lounges are found

at South African airports and FNB lounges are available in Namibia, Gabarone and Lusaka.

Wakaberry spreads its wings to namibia

ABOUT WAKABERRY:

Wakaberry are the first to introduce the pay-per-weight, self-service concept to South Africans and have remained the market leaders ever since. They opened their first store in Florida Road in Durban in May 2011.

Wakaberry was started by three born-and-bred Durbanites and they are very proud of their product – “Wakaberry is the leading self-serve frozen yoghurt bars that uses 100% real, traditonally fermented yoghurt in their soft serve”.

In 2013 Wakaberry was awarded the Best of Joburg award for the best frozen yoghurt and in 2014 International Frozen Yogurt Association awarded them with ‘Three Swirls of Honour’, in recognition of their froyo excellence. This was the first time a froyo bar outside of the United States was recognised by the association.

GROWING STRONG . . . Michele Fourie, co-founder and managing

executive of Wakaberry.

14 October | 22 | 2014

October | 22 | 2014 15

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16 October | 22 | 2014