Shorts: Oryx Properties to buy Platz am Meer

Safari Investments, which owns a N$4.2 billion portfolio of eight retail centres in South Africa and Namibia, announced a N$290 million, with earn-out considerations, deal to sell its Namibian business, or the Platz am Meer Shopping Centre, a waterfront shopping centre in Swakopmund. This forms part of the group's strategy to exit the Namibian market and focus on rural and township areas of South Africa. The buyer is Namibia-listed Oryx Properties. -FIN24