Penalten Investments (Pty) Ltd And Accelerate Property Fund Ltd in respect of 50 percent ownership in the Portside Office Tower

Enforcement Competition Sanctions & Fines

Date: 27th Aug, 2025 Source: The Competition Tribunal Country: South Africa Original Source

Brief

Penalten Investments (Pty) Ltd and Accelerate Property Fund Ltd are involved in a large merger case. The Primary Acquiring Firm, Penalten Investments (Pty) Ltd, is acquiring a 50% ownership interest in the Portside Office Tower from the Primary Target Firm, Accelerate Property Fund Ltd. This horizontal merger was approved subject to conditions on August 27, 2025. The competition tribunal members involved are Andiswa Ndoni, Imraan Valodia, and Thando Vilakazi.

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The Competition Tribunal

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Penalten Investments (Pty) Ltd And Accelerate Property Fund Ltd in respect of 50 percent ownership in the Portside Office Tower

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Penalten Investments (Pty) Ltd And Accelerate Property Fund Ltd in respect of 50 percent ownership in the Portside Office Tower

Brief

The Competition Tribunal

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