APF Other Administrative Neutral
ACCELERATE PROPERTY FUND LIMITED - Censure imposed by the JSE on Accelerate Property Fund Ltd
Accelerate Property Fund Limited
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What this filing means
A substantiated, ongoing governance breach. The JSE has formally censured Accelerate for proceeding to implement an asset management appointment at its flagship Fourways Mall without the required shareholder approval — a breach the regulator found undermined core investor protections and one that remains uncorrected, with the Asset Manager still operating on a month-to-month basis without approval. The R500,000 fine is suspended, but the JSE's instruction to comply and the live nature of the br…
Bear case
- The JSE found Accelerate breached paragraph 13.40 by concluding and implementing an asset management appointment without shareholder approval — a substantiated governance failure, not an allegation.
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