Celebrating half a century of Sandton City

Sandton City is commemorating five decades of remarkable service and exceptional retail experiences. The iconic mall has become a symbol of South Africa's economic growth and resilience. Fifty years ago, in 1973, Sandton City opened its doors to the public, despite facing significant opposition from the residential community at the time. Today, the mall stands as a testament to the bold vision and unwavering determination of its founders. Amelia Beattie, Chief Executive of Liberty Two Degrees, and Dimitri Kokinos, Asset Manager of Sandton City, joined CNBC Africa to reflect on the rich history and bright future of the renowned shopping destination. Beattie recounted the mall's humble beginnings, highlighting the courage and perseverance of its founders in the face of adversity. She emphasized the integral role that Sandton City plays in the vibrant Sandton Business District, underscoring the mall's significance in shaping the local economy and community. Kokinos elaborated on the mall's impressive growth over the years, noting its expansion to nearly 150,000 square meters and the diverse offerings that continue to attract tenants and visitors. The duo also discussed the resilience of Sandton City during challenging times, including the recent impact of the COVID-19 pandemic and ongoing power outages in South Africa. Despite these obstacles, Sandton City has emerged stronger, leveraging its world-class retail offerings and commitment to customer experience. Beattie addressed questions about Liberty Two Degrees' listing on the JSE, affirming the value created for shareholders through job creation, sustainability initiatives, and community support programs. She expressed optimism about the future of Sandton City under the Standard Bank Group, highlighting ongoing investments and plans for further development. As the mall celebrates its 50th anniversary, Beattie and Kokinos invite the public to join in the festivities, featuring special promotions, live performances, and a chance to win exciting prizes. The golden anniversary event symbolizes Sandton City's enduring legacy and commitment to excellence, setting the stage for the next chapter of success and innovation.