PHANTOM SHARES: The Finance Ghost: Reits vs retailers — investors follow SA’s consumer value chain

2026-02-01 - 16:06

JSE investors can follow the same consumer story via landlords (Reits) or retailers. Updates from Spear and Dipula show sharply different property strategies delivering similar returns. Woolworths’ local resilience is overshadowed by Australia, while Mr Price leans on standout acquisitions to justify NKD.