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South African developer bets R1.65 billion on Zimbabwe’s retail market

Summary by The South African
McCormick Property Development (MPD) is making a bold move into Zimbabwe’s retail sector with plans to build a $100 million (about R1.65 billion) shopping mall in Harare. The project, known as Mall of Zimbabwe, marks the company’s latest expansion into Africa and reflects growing confidence in Zimbabwe’s retail market despite long-standing economic challenges. “The time is right,” says McCormick MPD founder Jason McCormick, who is also the chief…

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The South AfricanThe South African
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South African developer bets R1.65 billion on Zimbabwe’s retail market

McCormick Property Development (MPD) is making a bold move into Zimbabwe’s retail sector with plans to build a $100 million (about R1.65 billion) shopping mall in Harare. The project, known as Mall of Zimbabwe, marks the company’s latest expansion into Africa and reflects growing confidence in Zimbabwe’s retail market despite long-standing economic challenges. “The time is right,” says McCormick MPD founder Jason McCormick, who is also the chief…

·Johannesburg, South Africa
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The South African broke the news in Johannesburg, South Africa on Monday, January 12, 2026.
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