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Spar purchases Kgale Shopping Centre from Kirbys

Hive of activity: Kgale Shopping complex PIC: PHATSIMO KAPENG
Hive of activity: Kgale Shopping complex PIC: PHATSIMO KAPENG

Tsetseng Retail Group, the operator of Spar stores around the country, has moved to purchase the Kgale Shopping Complex, where the supermarket chain is an anchor tenant.

The Competition and Consumer Authority is assessing Tsetseng’s bid to purchase the shopping complex and as yet, no value for the proposed transaction has been publicly disclosed.

According to the Authority, Tsetseng’s shareholders are Kevin Peter Gerard Lawless as well as Ride Investments and Fega Holdings. Ride Investments in turn controls Derek Brink Holdings and Rita Brink Holdings (Pty) Ltd.

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Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

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