Load-shedding at Resilient malls weigh on retail sales growth

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Load-shedding at Resilient malls weigh on retail sales growth
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Additional diesel, air conditioning and electrical equipment maintenance costs approached R18m

JSE-listed and retail-focused Resilient Reit recorded retail sales growth of 9.4% for the period ended December, driven by the rightsizing of tenant stores, relocations and other tenant-focused initiatives.

However, Resilient did not reap the full benefits of the strong trading performance during the reporting period as a result of increased costs associated with load-shedding...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

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