Job losses as big brand retailers fail to pay rentals at Manda Hill

Job losses as big brand retailers fail to pay rentals at Manda Hill

manda-hill-shopping-mall-shopping-centres-and-showrooms-front-drive-in-entranceScreen Shot 2016-05-18 at 07.49.55Hundreds are set to lose jobs in Lusaka as shops at the plush Manda Hill Shopping Mall have started shutting down due to a sharp hike in rentals and a slowdown in business, according to Lusaka Times online

Over the weekend, popular fast food joints Wimpy and Noodles shut their doors to customers and asked over 400 workers to go back home.

Already AllSports Manda Hill is closed and other stores are believed to be preparing to shut as they struggle to pay rentals.

One of the affected tenants Savva Christofis says he has remained with no option but to shut his four outlets because the management at the center has doubled the rentals.

He said the rentals have gone up to as much as K200,000 per month making it difficult for him to stay in business.

Some of the affected workers called on Government to intervene and force Manda Hill management to reduce the rentals before the situation worsens.

Manda Hill Centre Manager Joe Kaseka refused to comment on the matter.

Some business analysts fear that if the economic slowdown continues, shopping malls that have opened up in urban cities will slowly become white elephants.

 

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