Redefine Properties Limited (JSE:RDF) agreed to acquire 80% stake in Mall of the South Proprietary Limited from RMB Investments & Advisory (Pty) Limited for ZAR 1.8 billion in November 2023. During November 2023, RMB Investments and Advisory Proprietary Limited (RMBIA) exercised its put option to sell its 80% shareholding in Mall of the South Proprietary Limited to Redefine. Prior to the transaction, Redefine Properties Limited (JSE:RDF) held 20%. The Competition Tribunal has unconditionally approved the acquisition.

Redefine Properties Limited (JSE:RDF) completed the acquisition of 80% stake in Mall of the South Proprietary Limited from RMB Investments & Advisory (Pty) Limited on December 1, 2023.