Redefine Properties Ltd v Setso Property Fund Ltd in Respect of 3 (Three) Rental Enterprises and Vacant Land (LM045Jun24) [2024] ZACT 18 (30 July 2024)

45 Reportability
Competition Law

Brief Summary

Competition Law — Merger Approval — Application for merger between Redefine Properties Ltd and Setso Property Fund (Pty) Ltd — The Competition Commission recommended approval of the merger under section 14A(1)(b) of the Competition Act, 1998 — The Competition Tribunal approved the merger in terms of section 16(2)(a) of the Act and issued a Merger Clearance Certificate — No adverse effects on competition identified.


COMPETITION TRIBUNAL
REPUBLIC OF SOUTH AFRICA

Case No.: LM045Jun24

In the matter between:

Redefine Properties Ltd Primary Acquiring Firm

And

Setso Property Fund (Pty) Ltd in Respect of 3 Primary Target Firm
(Three) Rental Enterprises and Vacant Land

Panel: L Mncube (Presiding Member)
G Budlender (Tribunal Member)
I Valodia (Tribunal Member)
Heard on: 30 July 2024
Decided on: 30 July 2024

ORDER

Further to the recommendation of the Competition Commission in terms of
section 14A(1)(b) of the Competition Act, 1998 (“the Act”) the Competition Tribunal
orders that–

1. the merger between the abovementioned parties be approved in terms of
section 16(2)(a) of the Act; and

2. a Merger Clearance Certificate be issued in terms of Competition Tribunal
Rule 35(5)(a).

Signed by: Liberty Mncube
Signed at: 2024-07-30 14:19:26 +02:00
Reason: Witnessing Liberty Mncube

Presiding Member Prof. Liberty Mncube
30 July 2024
Date
Concurring: Adv Geoff Budlender SC and Prof Imraan Valodia