Consolidated Wealth acquires 100 percent of JH Allen
The company now manages R3 billion for clients across multiple financial industries.
Anglo American set to vote on coal demerger
Anglo American has announced details of shareholder voting arrangements for the planned demerger of its South African coal assets.
Extensive amendments proposed to merger filing forms
Shawn van der Meulen, Hoosein Mayet and Elisha Bhugwandeen unpack the new rules of the Competition Commission.
Exxaro sells three coal mining operations to Overlooked Colliery
Exxaro has sold three noncore coal miners to a BBE junior miner.
Volaris makes an offer to acquire Adapt IT
Canadian software group Volaris has made a cash offer to acquire technology company, Adapt IT.
Mr Price approved to acquire Power Fashion
Mr Price and Power Fashion merger has been approved by the Competition Tribunal.
FNB targets unbanked businesses in townships
The bank has acquired 100 percent of fintech solutions company Selpal.
Renault to sell Daimler stake and continue partnership
The sale is an effort to secure capital after a record annual loss.
Arcserve and StorageCraft conclude merger
The merger positions the newly formed entity as a global leader in data protection and management.
AYO Technology poised to lead innovation in remote working technology solutions
ICT investment group acquires 100 percent of Kathea Communications for R90-million.
iGas, PetroSA and Strategic Fuel Fund set to merge
The union will form a new entity and help recover losses suffered by PetroSA.
Master Drilling buys 40 percent of Ava Solutions
Digital disruptors in the mining and engineering sector set their sights on global domination.
TFG buys House of Monatic
TFG's acquisition will save Monatic from the brink of closure.
Mr Price buys Yuppiechef for R470 million
The all-cash deal will allow Mr Price to access higher LSM clients.
Tsogo Sun Hotels moves to acquire remaining shares in Hospitality Property Fund
The acquisition will see Tsogo Sun Hotels hold 100 percent of the Hospitality Fund’s shares.
Motus Holdings buys GetWorth
South Africa's leading automotive group increases its foothold in online car sales.
Massmart to sell Cambridge Food, Rhino, and Massfresh businesses
The alcohol sales ban had a devastating impact on the retailer's non-core assets.
Brikor buys 40 percent stake in Zingaro Holdings
Zingaro’s growth in revenue may prompt Brikor to buy the remaining shares by 2023.
CIG no longer acquiring Wearne Muldersdrift property and mining rights
This comes as the conditions of the sale of properties and mining right agreement were not fulfilled.
Steinhoff to sell and lease back European properties
This sale is Steinhoff’s attempt at reducing debt and paying back creditors.
French power utility acquires 40 percent stake in Xina Solar One
IPP expands its footprint in South Africa, bringing some relief during peak demand.
Arcserve and StorageCraft set to merge
The merger will produce a wide range of best-in-class business continuity solutions from a single vendor.
ParcelNinja sells a 60-percent stake to Imperial
Imperial sets its sights on disruptive technology businesses and broadens its e-commerce scope.
Exxaro sells bulk of Tronox stake
The proposed transaction is in line with Exxaro’s strategy to monetise its stake in Tronox.
Competition Commission approves sale of John Craig to Blue Falcon
The green light will save around 422 jobs despite the closure of John Craig’s non-performing stores.
Devland Cash and Carry to take over Masscash operations in SA
The merger will promote a greater spread of ownership in the retail grocery space.
MTN sells its stake in BICS
The group is selling its shareholding in Belgacom International Carrier Services SA for R1.8 billion.
Net1 sells its final stake in Bank Frick
The sale is part of Net1’s efforts to reduce losses from its non-core operations.
Orion guns for Northern Cape mining district
Orion Minerals plans to acquire a 56.25 percent stake in tantalum mining.
AREP acquires stake in SOLA Group
The acquisition forms part of AREPs strategy to increase its footprint in renewables.
Huge Group sets sights on Adapt IT
The deal valued at R795 million, saw the company’s share price soar.
Tsogo Sun Hotels to acquire outstanding hospitality shares
Tsogo Sun Hotels shareholders have until 29 January to accept share purchase offer.
Wilson Bayly Holmes Ovcon’s Probuild sale falls through
The sale fell through after the Australian government refused the deal in the interests of national security.
NovaTech purchases shareholding in Swift Engineering
Grindrod’s technical division has been in talks of a potential partnership with Swift Engineering since 2020.
Mondi to acquire Turkish packaging company Olmuksan
Mondi will acquire 90.38 percent of the company’s shares in the first half of 2021.
Barloworld in talks to sell its dealerships
Barloworld in discussions with Durban group to dispose of vehicle dealerships.
Quantum Foods to acquire LP Buhr Boerdery
Quantum Foods has entered into an agreement to buy the entire shareholding in LP Buhr Boerdery.
Mr Price acquires Power Fashions
Mr Price buys family-owned retail chain that offers more than just clothing.
Sasol shareholders back joint venture with LyondellBasell
Sasol shareholders endorse a joint venture with LyondellBasell as part of a debt repayment plan.
HR consultancy 21st Century acquires Analytico
The HR consultancy has bought data analytics firm Analytico in a first for the SA market.
Redefine acquires M1 Commercial Centre
Redefine completes European acquisition in order to simplify its offshore asset platform.
Nutritional Holdings secures cannabis oil deal with Ukusekela acquisition
Ukusekela acquisition positions Nutritional Holdings to secure Japanese cannabis oil contract.
Imperial invests in Lori Systems to enhance logistics capability
Imperial partners with Lori Systems to expand e-logistics solutions across the continent.
FNZ to acquire Silica from Ninety One
FNZ plans to purchase South African administration firm Silica from Ninety One.
AngloGold sells off Morila mine to Firefinch
AngloGold Ashanti and Barrick conclude sale of Morila mine as AngloGold streamlines its portfolio.
Alviva Holdings acquired technology distributor Tarsus
Alviva Holdings entered into an agreement with Mamzen to purchase Tarus for R183,4 million.
Prosus to buy Naspers and Prosus shares
Naspers subsidiary to purchase $5 billion in shares as investment in group’s internet portfolio.
MTN raises R2.3 billion from sale of Jumia stake
Telco sells 18.9% stake of e-commerce platform Jumia as part of R25 billion divestment plan.
Airlink looks for deals to fill SAA, Comair void
Airlink is in talks with several foreign airlines in a bid to broaden their regional footprint.
Aton Resources welcomes investor
Medaf Mining and Manufacturing will be purchasing 17,92 million Aton Resources units for $0.40 per unit.
SA Bidco gets thumbs up to buy Comair
BA’s local operator Comair to be bought by BidCo after Competition Commission approval.
Stor-Age and Moorfield announce UK-focused joint venture
Stor-Age and Moorfield have form a R1.1 billion self-storage joint venture.
Afrox to delist from the JSE as part of Linde Group acquisition plan
The Linde Group intends to buy the remaining shares of Afrox, after which it plans to delist the company.
Pick n Pay to acquire online delivery app Bottles
Pick n Pay has concluded an agreement to buy online grocery delivery service Bottles.
Famous Brands's UK fast food chain sold in pre-pack deal
Famous Brands's UK burger chain Gourmet Burger Kitchen has been sold to Boparan Restaurant Group.
Invenfin acquires stake in National HealthCare Group
Healthcare innovator gets backing of two investment holding companies.
Telkom takes Vodacom spectrum agreement to Competition Tribunal
Telkom believes that the Vodacom spectrum agreement with Rain should be declared as a merger.
Sun International casino property hits the market
Sun International has put its Carousel Casino complex in the North West up for sale.
Old Mutual Corporate Consultants acquires PwC’s Research Services business
Old Mutual Corporate Consultants has concluded a purchase agreement for 100 percent of PwC’s research arm.
Invenfin acquires stake in healthcare group
Invenfin announces investment into National HealthCare Group
SA Express staff get the nod for buy-out bid
A group of former SA Express workers have received approval to bid for the airline.
French media company takes a 6.5 percent stake in MultiChoice
French broadcasting giant Canal+ becomes MultiChoice’s second largest shareholder.
Tiger Brands disposes of abattoir in R100 million sale
The company completed the sale as part of its exit from value-added meat products.
Ascendis Health eyes NHI for growth
Health and wellness company Ascendis looks to private-public collaboration to grow.
Sasol to sell 50 percent stake in Lake Charles Chemicals business
LyondellBasell will buy a 50 percent stake in LCCP Base Chemicals Business for $2 billion.
Sale of Tongaat Hulett starch business to go ahead
Rothschild & Co's ruling that an MAC has not occurred means the transaction can go ahead.
Woolworths receives several non-binding offers for David Jones
Several offers have been made for Woolworths' troubled Australian David Jones properties.
Competition Commission urges Tribunal to approve TFG's acquisition of Jet stores
The Foschini Group acquisition of Jet from Edcon is pending the Competition Tribunal's approval.
Harmony Gold concludes acquisition of AngloGold Ashanti's SA assets
Interim CEO Christine Ramon: AngloGold Ashanti well-positioned to deliver better returns.
Sasol to sell air separation business to Air Liquide for about R8.5 billion
Air Liquide will take full ownership and overall responsibility for managing the air separation units.
Trace Group acquires majority stake in Okuhle Media
Okuhle Media will enhance Trace's audiovisual production expertise.
Digital Currency Group to acquire Luno
Digital Currency Group will help the cryptocurrency exchange Luno expand globally.
JSE-listed RDI to sell UK retail parks of six assets for £156.9?million to M7 Real Estate
The proceeds of the sale will be used to reduce RDI's revolving credit facility by about £100 million.
SAMRO to sell Dramatic, Artistic and Literary Rights Organisation
SAMRO will be selling the subsidiary to a consortium led by DALRO MD Lazarus Serobe.
Competition Commission approves sale of Edgars stores to Retailability
The sale of the 131 stores to Retailability will save the Edgars brand and 5,200 jobs.
FNB named South Africa's most valuable brand in BrandZ Top 30
First National Bank takes first place for the first time with a brand value of $2.795 billion.
JSE gets go-ahead to acquire 74.85 percent shareholding in Link Market Services SA
JSE CEO Leila Fourie: The acquisition of Link SA paves the way to exciting new opportunities.
AngloGold Ashanti and Barrick Gold to sell 80 percent stake in Morila Gold Mine
AngloGold Ashanti and Barrick Gold plan to sell its stakes in Morila Gold Mine to Mali Lithium.
Exxaro Resources sees revenue increase due to consolidation of energy revenue
CFO Riaan Koppeschaar: Strength and resilience resulted in positive operational and financial results.
Country Bird Holdings won't be renaming Enterprise brand
Country Bird Holdings will, however, be renaming Enterprise Foods, which it bought from Tiger Brands.
Edcon Holdings signs purchase agreement to sell parts of Edgars to Retailability
The sale of its Edgars brand to rival Retailability, will result in the saving of a number of jobs.
AYO acquires Kathea Communication Solutions and Kathea Energy
CEO Howard Plaatjies: These transactions support the group's contribution towards SA's sustainability.
Famous Brands sells controlling stake in tashas
Famous Brands has sold its controlling 51 percent stake in the boutique café brand back to founders.
Network International acquires 100 percent of DPO Group
The acquisition will allow DPO Group to broaden its online commerce offering through Africa.
Fagerhult Group plans to exit South African business
CFO Michael Wood says Fagerhult to focus its investments on more attractive growth opportunities.
Altron goes ahead with potential separation and listing of Bytes UK subsidiary
Bytes UK CEO Neil Murphy said the company can now executive its growth strategy independently.
RMI enters joint venture with OUTsurance and Sampo to acquire Hastings Group
RMI CEO Herman Bosman: The venture is an investment to target the UK home insurance market.
Pepkor enters into sale and purchase agreement with Cashbuild
Pepkor plans to sell its entire issued share capital of The Building Company to Cashbuild.
Prosus raises more than $2 billion through oversubscribed debt offering
The proceeds of the offerings will go to future merger and acquisitions activity.
PIC to increase shareholding in Sibanye-Stillwater
The Public Investment Corporation wants to increase its shareholding from 10 to 15 percent.
Petra Diamonds sells 100 percent stake in Sekaka Diamonds to Botswana Diamonds
The proceeds of the $300,000 sales will go towards repaying Petra Diamonds' $650 million debt.
African economies batten down the hatches as Covid-19 hits
Research shows that the volume of M&A deals in South Africa fell by 18 percent.
Taste Holdings moves to auction off contents of its Domino's Pizza stores
Offers to purchase the contents of the franchise opened on 21 July and closed on 4 August.
Tsogo Sun Hotels sells 50 percent stake in Maia Resort property to MH
The R465 million proceeds of the sale will go towards reducing the group's debt.
Sasol has identified ten assets that will be prioritised for sale
CFO Paul Victor says that the sale of these assets can assist Sasol in paying down its debt.
Astral CFO Daan Ferreira fears that its supplier agreement with Quantum Foods is at risk
This comes after Zeder sold part of its stake in Quantum to Astral competitor, Country Bird Holdings.
Zeder is debt free after sale of Pioneer Foods and Quantum Foods
The transactions ensured Zeder is well capitalised during the crisis, says CEO Norman Celliers.
South African Pierre Naudé's fintech company, nCino, makes headlines with $91 share price
The share price spike has made nCino one of the most successful listings of the year so far.
The Foschini Group places offer of R480 million for Edcon retail division Jet
TFG CFO Bongiwe Ntuli: There is alignment between TFG's product and value offerings with the Jet brand.
Steinhoff to sell its European Conforama France business to Mobilux
The disposal will secure the future of Conforama France by releasing it from its liabilities.
South Africa's Competition Tribunal gives Tongaat Hulett Starch sale the go-ahead
The Competition Tribunal has approved the acquisition of Tongaat Hulett Starch by the KLL Group.
Edcon to sell parts of Edgars to Retailability
The sale will save a significant number of jobs and lead to the sustainability of the Edgars brand.
Adcorp to offload Dare Australia after revenue decline
Dare Australia revenue declines due to drought and flooding conditions in the first half of 2020.
Starwood Capital Group acquires 111.9 million shares in Redefine Properties RDI REIT
FD Leon Kok says disposal of Redefine's RDI shares will reduce its loan-to-value ratio.
SA Express to auction its assets in an attempt to avoid final liquidation
The airline's provisional liquidators have placed jets, engines and other equipment on auction.
Maverick & legend: The lasting legacy of our founder Alex van Groningen
The indomitable founder of CFO SA, CHRO SA and M&A Africa has passed away in his home country, The Netherlands.
Intu Properties shares suspended from London and Johannesburg stock exchanges
The suspension is a result of discussions with shareholders about debt standstill reaching no conclusion.
African Phoenix to delist from JSE following acquisition by Legae Peresec
Legae Peresec acquired almost half of African Phoenix's shares on 29 June.
CFO Mark Stirton: Mr Price to focus on South Africa in a more concentrated way
Mr Price has already shut four of its five Nigerian stores and expects to close the last one soon.
Peter Hayward-Butt says Covid put a spanner in the sale of Brait's Virgin Active chains
Peter Hayward-Butt says Covid put a spanner in the sale of Brait's Virgin Active chains.
TeleMasters concludes ConexLink acquisition
TeleMasters has acquired a 25 percent stake in data centre specialist ConexLink.
Nueva Inversiones Pacifico expresses intention to acquire 50.1 percent of Sun International
Sun International shareholder Value Capital Partners opposes the bid, stating it's not enough.
Take a structured approach to M&A due diligence
LexisNexis's Rudi Kruger expects an increase in M&As over the next few months as companies look for help.
Why ILS and cat bonds are weathering the current market volatility
Insurance-linked securities and cat bonds are proving remarkably resilient amid the Covid-19 crisis.
Orange considering expanding into South Africa and Nigeria
Orange CEO Stephane Richard says it could make sense to be in an economy such as SA.
Harmony Gold shareholders supports acquisition of AngloGold Ashanti's Mponeng
Harmony CEO Peter Steenkamp believes the acquisition remains a perfect fit for the group.
Edcon plans to sell its clothing retail divisions as part of its business rescue plan
Edcon's BRPs have said that the businesses who aren't sold will be auctioned off, among other means.
EOH sells non-core assets to delever its R1.6 billion debt
EOH has been able to reduce its liabilities for acquisitions from R204 million to R114 million.
RMB Holdings receives green light to unbundle its entire stake FirstRand Bank
RMH's Herman Bosman: The unbundling ends a multi-decade relationship between RMH and FirstRand.
Merafe Resources acquires 20.5 percent stake in Unicorn Chrome from Glencore
Merafe considers the acquisition of Unicorn Chrome a valuable addition to its chrome interests.