THE mushrooming of shopping malls developed by both private individuals and the public sector across the country is a welcome development.
This is because the general public can buy various goods and services.
These shopping malls add beauty to the places they are located in.
I am, however, concerned that the rentals at these malls are astronomical, or rather too high. Monthly rentals at Levy Park Mall owned by the quasi-government institution, National Pension Scheme Authority (NAPSA), are as high as K50,000, for instance.
The rentals can be as high as K100,000 or more depending on the size of the shop a tenant occupies. This is not right because the tenants have to meet other financial obligations such as NAPSA returns for their employees and different forms of taxes paid to Zambia Revenue Authority (ZRA), among others.
Besides, the high rentals are charged in foreign currencies such as the dollar. We appreciate the beauty of these shopping malls but the landlords should charge reasonable rentals so as to give tenants some breathing space.
I therefore appeal to the shopping mall owners to stop charging rentals in dollars and possibly reduce the monthly rentals to a bearable minimum. This will ensure mutual benefit between the landlords and the tenants.