Investor snaps up shopping mall in one of South Africa’s worst-run municipalities

• Cape Town 101 Investments has acquired Northridge Mall in Bloemfontein
• The mall was expanded by the Moolman Group and PHG Group in April 2019, and is located in a municipality under increased scrutiny for financial mismanagement and poor service delivery
• President Cyril Ramaphosa authorised the Special Investigating Unit to investigate serious maladministration and corruption at Mangaung in 2026