Redefine Properties And Setso Property Fund

The judgment

The court's own file

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 (Three) Rental Enterprises and Vacant Land Primary Target Firm L Mncube (Presiding Member) G Budlender (Tribunal Member) Panel: 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). 30 July 2024Presiding Member Prof. Liberty Mncube DateConcurring: Adv Geoff Budlender SC and Prof Imraan Valodia Date : 30 July 2024To : Vani Chetty Attorneys Case Number: LM045Jun24 Redefine Properties Ltd And Setso Property Fund (Pty) Ltd in Respect of 3 (Three) Rental Enterprises and Vacant Land You applied to the Competition Commission on 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: x no conditions. 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 this approval. The Registrar, Competition Tribunal Notice CT 10 About this Notice 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). Contacting the Tribunal The Competition Tribunal Private Bag X24 Sunnyside Pretoria 0132 Republic of South Africa tel: 27 12 394 3300 fax: 27 12 394 0169 e-mail: ctsa@comptrib.co.za Merger Clearance Certificate This notice is issued in terms of section 16 of the Competition Act. You may appeal against this decision to the Competition Appeal Court within 20 business days.