TRADING PLACES: Time’s up for V&A Food Market traders after new lease is signed with global entertainment and media group

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Traders have been told the market is closing in mid-2023, at the height of the high season, and they cannot be accommodated elsewhere. It would have been their first ‘good’ season in years.

Out with the old, in with the new — the V&A Waterfront’s Food Market will be closing on 22 January 2023, to make way for the Time Out Market, which promises to showcase some of the Mother City’s choicest food and drinks experiences.

One stallholder, who has traded for years at the market but fears reprisal for speaking out, said many traders and their staff would have to close their V&A businesses because the tourist destination is already oversubscribed with food providers, and rentals in other parts of the precinct are unaffordable.

Many of the existing traders at the V&A have applied for alternate spaces but there is none, says the operator. “So, in essence, the small guys are forced out and replaced by the big guys and once again small business plays second fiddle to the power of money.”The Waterfront is saturated with food outlets, the trader says, particularly at this time of the year; there is no space and a massive waiting list. Most of the traders cannot afford Waterfront rentals.

Donald Kau, the head of communications and PR at the V&A Waterfront, said that with the opening of Time Out Cape Town towards the end of 2023, the Waterfront would bring an international markets experience to South Africa that would present a line-up of the best of local food concepts to greet local and international visitors.

So far, only three of the current Food Market tenants have been accommodated elsewhere: Knysna Oyster Company, Seven Colours Eatery and Royal Tea.

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