SA’s capital market regulator has cleared Nepi Rockcastle, the biggest company in the Resilient stable of property companies, of market manipulation related to the 2018 share-price collapse that led to investors losing more than R100bn in value.

The Financial Sector Conduct Authority (FSCA) said on Thursday it had completed its investigation into the company, which is the owner of €5.9bn worth of shopping centres in nine Eastern European countries, and had found no market manipulation by directors, employees or related parties.

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