Ster-Kinekor closes cinema at prominent South African mall

Ster-Kinekor closed its cinema complex at Durban’s Gateway Theatre of Shopping on 8 May 2025, marking its second quiet exit from a major location this year.

Earlier, the company also pulled out of Bedford Square in Bedfordview, a site that rival chain Nu Metro later took over.

Although rumours suggest Nu Metro may also step in at Gateway, both companies have remained tight-lipped about any potential deal.

Ster-Kinekor, however, stated the closure was not initiated by the company, suggesting possible disputes with mall management.

“We part ways with Gateway on good terms and with mutual respect,” a spokesperson told MyBroadband.

Financial strain

The closure is part of a broader restructuring effort announced in 2024, driven by financial strain from South Africa’s tough economic climate, load-shedding, and disruptions in Hollywood that delayed key film releases.

At the time, the company warned that up to nine cinemas could be shut and 236 staff members retrenched.

Following the restructure, only two cinemas were officially closed – Boardwalk in Richards Bay and Greenstone Mall – and 52 staff members, primarily at head office, were retrenched.

However, the quiet Gateway and Bedfordview closures suggest further downsizing activity behind the scenes.

Despite these challenges, Ster-Kinekor insists it remains focused on growth.

The company said it is in advanced discussions to launch three new cinema sites, claiming they could surpass the historic foot traffic seen at Gateway.

Ster-Kinekor CEO Mark Sardi previously noted that the company continues to explore alternate models with landlords, including entertainment and educational uses for cinema spaces, to adapt to shifting market conditions.