Government pension fund acquisition of Menlyn Maine shopping centre gets green light

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The GEPF is a defined benefit pension fund that manages and administers pensions and other benefits for government employees.

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The Competition Tribunal has approved the merger between the Government Employees Pension Fund and Menlyn Maine Investment Holdings. Through this transaction, the GEPF, represented by the Public Investment Corporation, acquires sole control over MMIH’s undivided share of Redevelopment Erf 3 and its share of the rental enterprise known as Central Square, Menlyn Maine, which comprises a retail component, a gymnasium, office space, and retail/business premises, the tribunal said in a statement.

The PIC, on behalf of the GEPF, invests in various classes of assets including equities, property and fixed income. The tribunal found the merger does not raise any competition or public interest concerns, and approved the transaction without conditions.

 

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Plz tell us how many percentage of shares is owned by black government employees

While government employees are living like this 👇plz allow people to access their pension funds, stop playing with the middle class

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