“I am trying to organise trauma counselling for my centre manager, she's a mess.”
He said while the forums had not yet visited Dube Mall, the damage and looting there was greater than at Philani.
“Our other mall, the Dube Village Mall in Inanda, has been worse affected than Philani in terms of the damage and looting. About 40% has been burned down. The entire Shoprite has been gutted by looting and fire.
“The looters came back multiple times there, the sprinklers would put the fire out and they would come back and start another fire.”
Gould said shareholders would have to wait for their insurance to pay them before repairing and rebuilding.
“We have to wait and see how long it's going to take for the insurance to pay. At the end of this month we obviously are not going to get any rent money. We still have to pay our bonds and so on. At this stage we are uncertain what is going to happen.
“Our teams are going out to assess the damage. It all depends on how much structural damage the fires have caused. If it's just looting damage then obviously the cost is a lot less. With Dube Mall we are looking at least R40m to rebuild.
“At this point we don’t have much of a choice but to rebuild because the malls are not fully destroyed. We would lose a lot of money if we didn't rebuild.”