Vukile Property Fund And Rebosis Property

The judgment

The court's own file

competitiontribunal SQUTH AFRICA COMPETITION TRIBUNAL OF SOUTH AFRICA Case No.: LM071Jul19 In the matter between: Vukile Property Fund Ltd Primary Acquiring Firm And Rebosis Property Fund Limited in respect of rental Primary Target Firm(s) enterprises comprising of three shopping centre. known as Bloed Street Mall, Sunnypark Shopping Centre and Mdantsane City Shopping Centre Panel : E Daniels (Presiding Member) Y Carrim (Tribunal Panel Member) | Valodia (Tribunal Panel Member) Heard on : 31 July 2019 Decided on : 31 July 2019 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 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). aWA 31 July 2019 Mr Enver Daniels Date Presiding Member Concurring: Ms Yasmin Carrim and Prof. Imraan Valodia Merger Clearance Certificate Date =: 31 July 2019 inpetitiontribun compet tiontribunal To : Werksmans Attorneys Case Number: LM071Juli9 Vukile Property Fund Ltd And Rental Enterprises Comprising of Three Shopping Centres Known as Bloed Street Mail, Sunnypark Shopping Centre and Mdantsane City Shopping Centre Owned by Rebosis Property AS Fund Ltd You applied to the Competition Commission on 28 June 2019 for merger approval in accordance with Chapter 3 of the Competition Act. Your merger was referred to the Competition Tribunal in terms of section 14A of the Act, or was the subject of a Request. for consideration by the Tribunal in terms of section 16(1) of the Act. After reviewing all relevant information, and the recommendation or decision of the Competition Commission, the Competition Tribunal approves the merger in terms of section 16(2) of the Act, for the reasons set out in the Reasons for Decision. This approval is subject to: no conditions. i | the conditions listed on the attached sheet. The Competition Tribunal has the authority in terms of section 16(3) of the Competition Act to revoke this approval if a) it was granted on the basis of incorrect information for which a party to the merger was responsible. b) the approval was obtained by deceit. C) a firm concerned has breached an obligation attached to The RefistPiP'€thpetition Tribunal This form is prescribed by the Minister of Trade and industry in terms of section 27 (2) of the Competition Act 1998 (Act No. 89 of 1998).