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     Latest News: Southern Sun Ltd. SSU [SSU]
     Tue, 3 Feb 2026 Official Announcement [TZ] 
    SSU - 50% of consortium properties to be acquired
    Southern Sun proposed acquiring a 50% undivided share in the Sandton Consortium Properties, which include Sandton Towers, Garden Court Sandton City, and the Sandton Convention Centre, currently owned by Liberty Group Ltd. and Pareto Ltd. The aggregate value of Liberty’s 75% interest in the target assets is R1 102 million with Southern Sun’s 50% share equating to R735 million, payable in cash from available debt facilities. The deal aims to strengthen Southern Sun’s portfolio of high-quality assets in key metropolitan areas and is subject to conditions including regulatory approvals and definitive agreements, with an expected completion by September 2026. The transaction is classified as a Category 2 JSE transaction.
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    Closing price data source: JSE Ltd. All other statistics calculated by ProfileData.
       

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