Township Coins For Sale The township retail and shopping centre market in South Africa is growing at a rapid pace. Despite a challenging economy and disruptions townships have become hubs for big development in retail and brands.Lemok Group founder and Chief Executive Officer Lebogang Mokubela said that the township retail market is a force of its own and should not be overlooked or underestimated.
Lebogang who spoke at the eighth Annual South African Council of Shopping Centres’ (SACSC) Research Conference said that the township market has buying power of R11 billion. “The number of shoppers who turn out at Maponya Mall at any given weekend bears testimony to this. As an example sitting at 65000m2 the R650-million Maponya Mall in Soweto is one of the largest retail hubs in South Africa.
What drives profitability within the township market is a balance between a sought-after tenant mix as well as entertainment. Previously you wouldn't find high-end stores such as Woolworths Food in the township however we are seeing a bigger demand for such stores. This is also driven by the fact that the township market is very diverse-for example Buy Township Coins you can have someone who earns R1000 a month all the way to guy who spends R1000 on a bottle of champagne,” he said.
Lebogang established Lemok Group a company he formed aged 25 and has grown it from a small township-based consulting company to an award-winning digital marketing company. “I worked as a director at an ad agency on many campaigns. I became concerned by the agency’s approach to township advertising and marketing.