Tgif
No . 113
– 9 Mach 2007
WELCOME to our fortnightly NEWSLETTER
MEMBERS and SHOPPING CENTRES ONLY
WEBSITE: www.shoppingcouncil.co.za
1. RETAIL CRIME SURVEY
Readers will have received the Retail Crime Survey document again within the past 10 days. The response to the
survey proved very useful last year but more data are required for the results to be even more meaningful. Readers
battling to fill in certain boxes are asked to approach the surveyors as there was a slight technical glitch. The
contact details are on the document. Responses should also be returned to the address given and please, not
to the editor of Tgif
2.ECONOMIC GROWTH RATE HITS TWO-YEAR HIGH LEVEL
GDP growth rose to its highest level in two years in the fourth quarter of 2006.It hiked to 5,6% on a seasonally
and annualised basis, up from the third quarter’s revised growth of 4,5%. The growth was driven by a recovery
in the manufacturing sector and higher investment levels. In third quarter 2004, growth was at 7,2%
The economy grew at 5% for the whole of 2006 compared with 5,1% for 2005. Growth for 2007 is expected to
slow down with a recovery forecast for 2008.
3. MOVERS AND SHAKERS
Broll Property Group has seen two senior level
changes. CEO Arnold Meyer has resigned to
take up as position as MD of Livingstone Bros.
Meyer is to become MD of the company’s
Africa division where he is to investigate
property opportunities in Africa. Jonathan Broll
is to take over as CEO.
Richard O’Sullivan , retail leasing executive for
Broll, has resigned. He joins Retail Africa as from
Monday and will head up retail leasing nationally for the company. Tgif wishes both well in their new positions.
Resilient Property Income Fund has announced that Barry Stuhler and Jacques van Wyk had resigned as executive directors.
Congratulations too, to Gill Marcus who becomes chairperson of ABSA Bank on 1 July.

5. ICSC EUROPE OFFERS 5-DAY RETAIL PROPERTY SCHOOL
For the fifth time ICSC Europe is to hold its Retail Property School. Venue is La Meridien in Brussels and dates are 24 to 29 June. Modules, for attendees with less than three years’ experience in the industry, include the fundamentals of shopping centre management and the essentials of shopping centre marketing.
More experienced attendees can choose between advanced strategic knowledge of shopping centre marketing
or advanced strategic knowledge of shopping centre management. Contact www.icsc.org/2007ERPS .
6. FAMOUS BRANDS BUYS BITE-SIZED PORTON OF WIMPY UK
Famous Brands has acquired a 75% stake in Wimpy UK for £3 million with an additional £2 million to be
spent on re-energising the brand. Wimpy UK is possibly the largest independently owned franchise brand in
that country and is the owner of the trade mark in 15 European countries. The portion of the company acquired
by Famous Brands was owned by its management while the balance is owned by Halifax Bank in
Scotland. In the UK the brand has 194 outlets across England, Scotland and Wales and has an operating licence
for 20 outlets in Ireland.
Famous Brands is tighten up the operation which is fragmented and develop it into a global brand. It is also
considering introducing some of its local brands, which include Steers, Debonairs Pizza, FishAways, House of
Coffees, Brazilian Coffee Shop and Whistelestop into the UK and possibly globally.
7.
BRITISH SHOPPING CENTRE TOUR PLANNING HOTS UP
George Skinner reports that planning for the SACSC tour to shopping centres in the UK is well advanced
and he reckons that a “large, lively group” of participants has already indicated it is to accompany the tour.
Departure dates have been determined. The tour will leave on Friday, 31 August to arrive at Heathhrow and
continue on to Dublin. After two days there, the next move is to Belfast and then on to Manchester, Birmingham
and finally to London. The tour will leave from London on Sunday, 9 September.
For final costing and planning it is essential that readers wishing to accompany the group should advise George
George urgently. Contact him at 011 784 2837 or e-mail at georges@shopz-group.co.za
.
8. GET INVOLVED WITH YOUR LOCAL CHAPTER
There is a chapter of the SA Council of Shopping Centres in most of South Africa’s major centres near
you. Meet your colleagues in the industry and share your ideas. Set yourself a target of inviting at
least two guests for each function you attend. Chapter committee members have been tasked with specific
functions and a call to your local chapter may see you getting involved in some task which may be of great
interest.
Contact your nearest chapter and maximise your membership benefits today. For details see end of Tgif
9. IPD EUROPEAN PROPERTY INVESTMENT CONFERENCE 2007
Investment Property Databank (IPD) has organised a European property investment conference, called
“One World – One Property Investment Conference”. Venue is Geneva, Switzerland and dates are 9 to 11
May. Topics include an understanding of the global trends affecting every property investor; how
international strategies are put into practice; learn what investors want from real estate managers; get insights
into key world markets and learn from the vision of pioneering global property players.
For a conference brochure and further information, contact melissa.manchon@ipdglobal.com
.
10. SUDAN RED DYE RAISES ITS UGLY BITE AGAIN
Once again complaints have been received about the banned substance Red Sudan being found in chilli
powder and other spicy products on supermarket shelves. Retailers are again picking up the flak and it
appears that the guarantees they sought that the products from their suppliers would not be contain the substance
need to be revisited. Consumers need to have confidence in the foodstuffs they buy.

11. INTERNATIONAL EVENTS
International

March 18 to 20: Middle East Council of Shopping Centres’ annual conference


April 25 to 27:
May 9 to 11:
ICSC European Conference, Warsaw, Poland
IPD “One World – One Property Investment” conference, Geneva

May 20 to 23: ICSC Spring Convention Leasing Mall & Trade Exposition, Las Vegas

July 17 to 19: ICSC Asia Expo, Singapore
12. SHOPPING CENTRE DIRECTORY: BUY YOUR COPY NOW
Sales of the 2006/7 Southern African Shopping Centre Directory continue at a rapid pace and available
stocks are dwindling. Copies are available from Marie Schlebusch. See contact details below. Buy your
copy now – it is a worthwhile investment.
Order your copy now from Marie Schlebusch (900 3391) or e-mail at mariesch@mweb.co.za
.
13.ICSC EUROPEAN CONFERENCE 2007 IN APRIL
The ICSC is to hold its 2007 European Conference for 2007 in Warsaw, Poland. Topics to be covered include
an overview of the world economy, its overall impact on society, ethical globalisation, a strategy for investments
into central and eastern European markets, urban regeneration in western Europe, unlocking opportunities in
regional cities and smaller towns, sustainability and its importance for the shopping centre industry and
announcements of the winners of the European Shopping Centre awards and Solal Marketing Awards.
For further information and bookings contact info.europe@icsc.org
14.HYPROP PRODUCES EXCELLENT RESULTS
Hyprop Investments increased its distribution per combined unit 18,4%, it grew pre-tax NAV R39,63, took
its market capitalisation to R5,6 billion and hiked its total return to 36,3% for its financial year ended 31
December 2006.
It has also announced that it has completed the upgrade and leasing of its outdoor restaurant area, La Piazza,
at Canal Walk; it has started construction of a 3 500 m² store for Mr Price Home at the same centre and it is in
negotiation for the acquisition of a further 16 000 m² of retail rights, subject to local authority approval. For its
The Glen shopping centre it has applied for a further 10 000 m² of retail rights. A decision by the local authority
is expected by June this year.
At Southcoast Mall, the company has acquired a parcel of land adjacent the entrance. Planned is a service station,
free-standing retail outlets and motor dealerships
15. 97% ACCEPTANCE BY SA RETAIL UNITHOLDERS OF SA CORPORATE REAL ESTATE OFFER
SA Corporate Real Estate Fund has announced that there is irrevocable support from 97% of the linked
unitholders in SA Retail Properties Limited to accept the the former’s offer to acqure all the the latter’s linked
units in issue. These undertaking are from Hyprop (46,15%); Whirlprops 33 (27,49%); Public Investment
Corporation (9,87%); Marriott Asset Management (7,23%) and Old Mutual Asset Managers (6,5%). Further
details will become available in due course.
16. REDEFINE INCOME FUND TO EXPAND SABLE CENTRE
Redefine has announced it is to develop the second stage of its outlet retail centre, Sable Square, close to
Cape Town’s Century City. Planned is a R94 million development which will add some 10200 m² to the
current 12 350 m² offering. Construction is set to start shortly with trading to start in time for the Festive
trading season. The company has also added space for a restaurant and gymnasium. This new space should
be ready next month.

17. ESKOM ISSUES NATIONAL POWER ALERT
Eskom has issued a national alert regarding the supply of power. It states that, while the current situation is
stable, it is tight because of demand and unplanned outages at a number of generating units. It states that if
there are any further unplanned plant and network outages, or there is a further increase in demand, the
possibility of load shedding will increase for the next week.
It is asking consumers to switch off non-essential electrical equipment such as air-conditioning, geysers and
swimming pools in order to reduce demand and minimise the possibility of load sharing.
18.IMPORTANT DATE TO REMBEMBER
Members should already be diarising what will be the highlight of the SACSC calendar for 2007. The 2007 Retail
Real Estate World Summit will be taking place at the Cape Town International Convention Centre from 3 to 5
October.
Rub shoulders with the cream of the world’s retail industry. Meet the international players and pick up world trends. Let us showcase South African talent.
19. TALEPIECE
When I was young I decided to act reasonably. I didn’t like it and stopped. Clint Eastwood.
____________________________________________________________________________________________
Contact details:
Head Office : Village Walk, Maude Street, Sandown, Sandton
Website : www.shoppingcouncil.co.za
SACSC Executive Chairman : George Skinner: 011 784 2837, fax: 011 784 3810, mobile 082 600
5962, e-mail: georges@shopz-group.co.za
SACSC General Manager : Tracey Fowler: 011 884 8940, fax 011 884 8941, mobile: 082 327 1747,
e-mail: tracey@sacsc.org.za
Membership: Marie Schlebusch: 011 900 3391, fax 900 3493, mobile 082 852 6534,
e-mail: mariesch@mweb.co.za
Editor Tgif: André Viljoen: 011 886 0193, fax 011 886 060, mobile 083 417 6305,
e-mail: presswise@dtpmail.co.za
Chapter contact details
Bloemfontein: Danie de Goede : Tel: 051 444 6914 , fax: 051 444 6918, mobile 082 804 5741, e-mail:
ddegoede@mimosamall.com
Cape Town : Angus Mackay 021 421-4500, fax: 021 421-4550, e-mail : angus@retailafrica.co.za
KwaZulu-Natal :: Amanda Stops. Mobile: 082 468 8373 Fax: 031 562 0215, e-mail: stopsa@mweb.co.za
KwaZulu-Natal Public Relations: Kirsten Love: Tel: 031 566 3632, fax: 086 617 2 012, mobile: 083 798 0430, e-mail: kirsten@sacsc.org.za
Johannesburg : Heidi Rix . 011 775 1018 Fax: 011 775-1001 e-mail: hrix@rmbp.co.za
Port Elizabeth: Marios van Dongen. 041 373-9955 Fax: 041 373-9951 e-mail : mtnest@mweb.co.za
Pretoria/Tshwane : Clint Ralph 012 348 2449, Fax: 012 348 1544, e-mail: clint@lifestylecom.co.za