A takeover bid for Safari Investments by a fund in asset manager Futuregrowth’s stable could potentially scupper a proposed tie-up between the mall owner and its peer, Fairvest Property Holdings. 

Shares in Safari, which owns malls in towns and semi-urban areas, jumped by almost a quarter to a 10-month high on Monday after unlisted Community Property (Comprop) crashed the party with a R1.8bn buyout offer. ..

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now