GEPF, Menlyn Maine merger gets Tribunal go-ahead

29th July 2021 By: Marleny Arnoldi - Creamer Media Online Writer

The Competition Tribunal has approved the proposed merger between the Government Employees Pension Fund (GEPF) and Menlyn Maine Investment Holdings (MMIH).

The transaction will see the GEPF gaining sole control over MMIH’s undivided share of Redevelopment Erf 3 and its share of the rental enterprise known as Central Square, within the Menlyn Maine precinct, in Pretoria.

The property comprises a retail component, a gymnasium, office space and business premises.

The GEPF is a defined benefit pension fund, represented by the Public Investment Corporation, that manages pensions and other benefits for South African government employees.