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'Our centres will be up and running in between 3 and 6 months'

19 July 2021 6:30 PM
Tags:
The Money Show
Bruce Whitfield
Gauteng looting
KZN looting
KZN unrest
Gauteng unrest
Michael Lawrence
National Clothing Retail Federation
Riaz Kader
Arrowhead Properties

Bruce Whitfield interviews Michael Lawrence (National Clothing Retail Federation) and Riaz Kader (Arrowhead Properties).
  • About a 1000 shops of members of the National Clothing Retail Federation has been gutted

  • Arrowhead Properties estimates that it would take between three and six months to have most of its shopping centre back online

Copyright: stillfx /123rf

Rebuilding after last week’s unrest is going to be an enormous task.

Repairing and reopening malls that were burned to the ground could take two years, says Michael Lawrence, Executive Director at National Clothing Retail Federation.

Others that suffered relatively little damage may take a couple of months to repair.

The Money Show’s Bruce Whitfield interviewed Lawrence and Riaz Kader, COO at Arrowhead Properties (scroll up to listen).

We have about 1000 shops that have been mostly gutted, and completely looted… I’ve had people phone me… absolutely in tears… Some didn’t have the necessary insurance cover…

Michael Lawrence, Executive Director - National Clothing Retail Federation

We had a shopping centre in Mpumalanga that was also partially looted and damaged…

Riaz Kader, COO - Arrowhead Properties

We’ve lodged claims with Sasria… More engagement needs to happen from Sasria’s side…

Riaz Kader, COO - Arrowhead Properties

We’re still assessing… We could get the majority of our centres up and running in between three and six months…

Riaz Kader, COO - Arrowhead Properties

Whatever you do with security, if a couple of thousand people approach an asset, there’s very little that you can do… Communities are key in protecting the asset…

Riaz Kader, COO - Arrowhead Properties

Rebuilding KZN is going to put enormous pressure on supply chains…

Riaz Kader, COO - Arrowhead Properties

This article first appeared on CapeTalk : 'Our centres will be up and running in between 3 and 6 months'




19 July 2021 6:30 PM
Tags:
The Money Show
Bruce Whitfield
Gauteng looting
KZN looting
KZN unrest
Gauteng unrest
Michael Lawrence
National Clothing Retail Federation
Riaz Kader
Arrowhead Properties

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