Samsung Galaxy S25 shows why Honor is eating its lunch in SA
Lindsey Schutters
Tower Property Fund acquisition gets green light from Competition Commission
The Competition Commission, following its ordinary weekly meeting, has announced that it has unconditionally approved the proposed merger whereby RDC Properties South Africa (RDC SA) intends to acquire Tower Property Fund.
Source: www.pixabay.com
The commission found that the proposed transaction is unlikely to result in a substantial prevention or lessening of competition in any relevant markets. It further found that the proposed transaction does not raise any public interest concerns.
Tower Property had announced earlier this year that it was considering a takeover offer from RDC SA, a multinational African property and investment group listed on the Botswana Stock Exchange.
Relevant to the proposed transaction are both companies' office and retail properties in Cape Town.
Related
Re/Max SA wins international property award 5 Nov 2024 With rapid growth, Stellenbosch emerges as a hub for estate and precinct developments 25 Oct 2024 Radisson expands in Middle East, Africa after record year 14 Feb 2024 The benefits of investing in a holiday home 5 Dec 2023 Namibia: A prime destination for South African property investors 25 Oct 2023 Residential property sector on the rebound in the Cape Town CBD 25 Aug 2023 How rezoning your property could provide an opportunity for growth 8 Aug 2023 Single women outpacing men, married couples in property ownership 1 Aug 2023
