)
Latest Articles
05 December 2018
Naked, an AI insurance start-up, gets a R30 million investment
The company plans to grow its team and expand its operations.
03 December 2018
Struggling DAWN mulls buyout bid
The company receives a buyout offer that would take it private.
03 December 2018
Rebosis Property Fund sells six properties to black-owned property developers
The deal is valued up to R2.2 billion.
03 December 2018
Standard Bank appoints first black woman CEO for its wealth division
The bank appoints the highly-experienced Peggy-Sue Khumalo.
03 December 2018
Grant Thornton, BDO South Africa merger completed
It will create the largest mid-tier accounting firm in South Africa.
03 December 2018
Cash-flush Naspers on the hunt for deals
The company has a cash pile of $10 billion (R136 billion).
30 November 2018
Top deals and corporate moves making headlines this week
In focus this week: MTN Rwanda, KPMG South Africa, PSG Konsult, Rio Tinto and more.
29 November 2018
MTN Rwanda secures loan for network expansion
It has ambitions of maintaining its leading telecommunications status in Rwanda.
29 November 2018
Intu Properties suffers second takeover failure in 2018
A group of investors walk away from acquiring the property company.
28 November 2018
Why Mauritius lures investments to the continent
Mauritius provides a secure, stable and well-regulated jurisdiction.
28 November 2018
KPMG South Africa appoints new CEO
Ignatius Sehoole, the deputy chief executive of PwC's domestic unit, will be at the helm.
28 November 2018
Kibo Mining completes sale of nickel project in Tanzania
The sale is part of its ambitions of being a power player in Africa.
27 November 2018
PSG gets green light to purchase Absa's short-term insurance brokerage business
The deal will be effective from December 1, 2018.
27 November 2018
Tawana shareholders approve merger with Alliance Mineral Assets
The deal is expected to be concluded as early as December 4, 2018.
27 November 2018
Exxaro agrees to sell remaining 24 percent stake in Tronox
The deal ends its exposure to the mineral sands industry.
26 November 2018
Rio Tinto sells Namibia uranium mine to China
The deal is valued up to $106.5 million.
26 November 2018
South Africa is not the only gateway into Africa, says Cliffe Dekker Hofmeyr's Deepa Vallabh.
Foreign investors wanting a foothold into Africa are considering Kenya and Botswana as landing spots.
23 November 2018
Tritech Media expands into the US
Through its software business Colony.
23 November 2018
Standard Bank's Ben Kruger retires after 33 years
He will continue to serve as a non-executive director on Standard Bank's various units.
23 November 2018
Top deals and corporate moves making headlines this week
In focus this week: Capitec, Barloworld, Sibanye-Stillwater and Lonmin, Transaction Capital, Nodus Equity and New Seasons Investment Holdings, and more.
22 November 2018
Capitec to buy Mercantile Bank for R3.2 billion
It beats Nedbank, Grindrod Bank and a consortium in its bid for the bank.
22 November 2018
Dr Dan Matjila offers to resign from Africa's largest money manager
But proposes that he leaves the Public Investment Corporation in April 2019.
22 November 2018
Transnet leads $2 billion Nigerian railway deal from General Electric
As part of its plans to expand across sub-Saharan Africa.
22 November 2018
PSG founder Jannie Mouton steps down
He has been diagnosed with an early form of dementia.
22 November 2018
Competition authority approves Lonmin, Sibanye deal
It orders a six-month hold on job cuts post-merger.
21 November 2018
Another boost for black-owned private equity firms
New Seasons Investment Fund, a new black-owned firm, enters the private equity sector.
20 November 2018
Barloworld unveils new B-BBEE deal
The deal will increase Barloworld's black ownership to 48 percent.
20 November 2018
Steinhoff appoints new CEO
Steinhoff's acting CEO Danie van der Merwe will be replaced by Louis du Preez.
19 November 2018
Cash stockpiling a sign of uncertain times
"There is a lot of capital waiting to do something," said Bravura's Rob Bergman.
16 November 2018
Top deals making headlines this week
In focus this week: SABC, MultiChoice, Discovery, Vodacom, PSG Konsult, Tsogo Sun and more.
15 November 2018
Seacom acquires 100 percent of FibreCo
The deal enables the delivery of high-speed internet connectivity.
15 November 2018
PwC endorses Ramaphosa's multibillion-rand investment drive
The drive is set to unlock 165 000 jobs and add R338 billion to GDP.
15 November 2018
Levi Strauss reportedly embarking on IPO
A successful IPO would value the company at $5 billion.
15 November 2018
Vodacom Group bags 26 percent stake in Vodacom Tanzania
The deal was approved by shareholders.
14 November 2018
Lion of Africa halts its operations with immediate effect
It cites lack of profitability and a tough economic climate.
14 November 2018
Nigeria's telecoms regulator approves 9mobile takeover by Teleology
Ends a year-long bidding process for 9mobile.
13 November 2018
PSG Konsult gets the green light for Mauritius listing
The company will increase its international presence.
13 November 2018
Vodacom eyes entry into Ethiopia
In a move to diversify its earnings base.
13 November 2018
Business rescue or liquidation - when to choose which
Faith Ngwenya, the spokesperson of the South African Institute of Professional Accountants, shares some insights.
13 November 2018
Tsogo Sun calls off R23 billion deal with Hospitality Property Fund
The deal didn't receive shareholder support.
13 November 2018
A consortium makes buyout offer for Torre Industries
A successful buyout means that Torre will delist from the JSE.
12 November 2018
SAVCA reveals industry award winners
The awards recognise companies that have thrived from private equity and venture capital investment.
12 November 2018
Medu Capital's Nhlanganiso Mkwanazi is upbeat about South Africa's investment prospects
"We plan for the worst and hope for the best."
09 November 2018
Saudi Arabia makes $1 billion partnership bid with Denel
Saudi Arabia is said to be targeting Denel's 49 percent stake in Rheinmetall Denel Munition.
09 November 2018
Discovery bookbuild to raise R1.8 billion
To fund its separation from banking group FirstRand.
09 November 2018
Top deals and corporate moves making headlines this week
In focus this week: African Rainbow Capital, ArcelorMittal South Africa, Ethos Capital, Ford and more
08 November 2018
Ford Motor acquires electric scooter sharing company
The company did not disclose the financial terms of the deal.
08 November 2018
AVI and Standard Bank list shares on A2X
Both companies will still retain their primary listings on the JSE.
08 November 2018
Tesla appoints new chair to replace Elon Musk
The company has appointed Robyn Denholm.
08 November 2018
Telkom and Vodacom conclude roaming agreement
Telkom replaces MTN and switches over to Vodacom.
08 November 2018
'Quick and efficient deals' are in vogue, says ansarada's Arie Maree
How companies can be deal-ready when an opportunity arises.
08 November 2018
BHP Billiton wins two exploration licenses in Canada
BHP Billiton's aggregate bid amount of R8.7 billion covers the drilling and seismic work.
07 November 2018
Aliko Dangote targets London IPO for Dangote Cement in late 2019
The billionaire entrepreneur is waiting for Nigerian elections to be concluded.
07 November 2018
'If a deal isn't right, you must be brave enough to walk away'
Omnia's Wayne Koonin (pictured) shares his tips on maximising M&A opportunities.
07 November 2018
Ethos launches R1 billion South African AI fund
The fund targets R1 billion worth of investments.
07 November 2018
Oil price recovery might boost M&A activity in Africa's oil and gas industry
A PwC report finds that M&A transactions are still few and far between.
06 November 2018
Séché Environnement to buy Interwaste
If the deal successful, Séché Environnement will take Interwaste private.
05 November 2018
Master Drilling joins forces with Italian tunneling firm
In a bid to diversify its footprint and services.
05 November 2018
ArcelorMittal South Africa completes sale of Macsteel
The deal is valued at R3.2 billion.
05 November 2018
Adapt IT to acquire mobile specialist Conor Solutions
The deal is valued at R80 million.
05 November 2018
Deal Comment: Bravura's Soria Hay on the Sanlam BEE deal
The deal can galvanise economic growth and broad-based participation, says Soria (pictured).
05 November 2018
More executive leadership changes at Absa
The bank appoints Charles Russon as chief executive for corporate and investment bank.
02 November 2018
ARC gets approval for TymeDigital acquisition
Marking its exposure to the digital banking industry.
02 November 2018
Top deals making headlines this week
In focus this week: Vodacom, Alibaba, IBM, Sanlam, Development Partners International, Anglo American, and more.
01 November 2018
Anglo American Platinum completes acquisition of Glencore's assets
The world's largest platinum miner owns the Mototolo joint venture from November 1.
01 November 2018
Quilter's CFO to step down in March
Tim Tookey would be replaced by Mark Satchel.
01 November 2018
Montauk eyes US Nasdaq primary listing
The renewable energy group will have a secondary inward listing on the JSE.
01 November 2018
BHP Billiton to return $10.4 billion to shareholders
After it faced criticism from activists to improve returns to shareholders.
01 November 2018
M&A activity in South Africa is down but acquirers are not out
Deal Leaders Africa's Andrew Bahlmann is optimistic about investment prospects.
31 October 2018
Sanlam unveils new B-BBEE deal
The deal is worth between R7.4 billion and R8.6 billion
30 October 2018
IBM to buy cloud software firm Red Hat
The deal has been valued at $34-billion.
30 October 2018
AngloGold Ashanti awards $375 million Ghana-based mine contract
African Underground Mining Services and Accra-based Rocksure International enter a joint venture agreement.
30 October 2018
Charting the route to successful mergers and acquisitions in Africa
Rob Bergman, a principal in corporate finance at Bravura, shares his expert insights.
26 October 2018
Companies pledge R290 billion to South Africa's economy
This is part of a plan to raise $100 billion over the next five years.
26 October 2018
Comair, Infinea join forces to launch aerotech company
The aerotech company will provide digital solutions that are set to revolutionise the airline industry.
26 October 2018
Richemont enters China e-commerce partnership with Alibaba
The partnership will take online luxury shopping to the Chinese market.
26 October 2018
Top deals making headlines this week
In focus this week: Naspers, Public Investment Corporation, Netstar, and more.
26 October 2018
Naspers to invest billions in South African tech start-ups
It has set aside R4.6 billion for investments over the next three years.
25 October 2018
Famous Brands initiates insolvency process for GBK
The company fights off the worst-case scenario of bankruptcy for its UK burger business.
24 October 2018
Stadio Holdings buys Prestige Academy
The acquisition entrenches its position in South Africa's private tertiary education industry.
24 October 2018
Naspers is set to invest $2bn in India's Swiggy
The company is also looking to expand its presence in India.
24 October 2018
Why Investec is bullish on Africa's education sector
Investec's Peter Baird says the sector is defensive given the demand for quality education.
23 October 2018
PIC agrees to buy majority stake in Karan Beef
Africa's largest asset manager values the deal by up to R5.2 billion.
22 October 2018
Altron's Netstar eyes India in a joint venture deal
The company signs a joint venture deal with India's C Ahead Technologies.
22 October 2018
Verimark plans to delist from the JSE
The company's majority shareholder plans to acquire remaining shares.
22 October 2018
Distressed assets not spurring heightened M&A activity, said ENSafrica's Doron Joffe
ENSafrica's top lawyer believes that domestic M&A activity has fallen dramatically so far in 2018.
19 October 2018
Top deals and corporate moves making headlines this week
In focus this week: Samsung, Pam Golding Properties, Clover Industries, Famous Brands and more.
19 October 2018
Clover is in takeover talks with unnamed firm
The company was approached by a third party interested in acquiring its entire share capital.
19 October 2018
Intu Properties considers new takeover offer from consortium
A consortium of investors has increased their offer to take JSE-listed Intu private.
19 October 2018
Investec Asset Management buys into Africa's education sector
The investment firm buys a controlling stake in private college operator Richfield.
18 October 2018
Stenprop snaps up UK industrial estate
The £4.8 million (R89.5 million) acquisition is part of its property portfolio reshaping.
18 October 2018
Mr Price CEO Stuart Bird to step down
Stuart will be succeeded by current CFO Mark Blair on January 1, 2019.
17 October 2018
Agile Capital's Tshego Sefolo is on the prowl for investment opportunities
With a R750 million war chest, Agile Capital has ambitions of building more clout in the private equity market.
16 October 2018
Dealmaker, Kevin Hedderwick, joins Real Foods ahead of a possible JSE-listing
Real Foods, the owner of Kauai, also recruits former Brait CEO Antony Ball.
15 October 2018
Famous Brands' UK burger chain acquisition bites
The company sees an R874 million impairment on its Gourmet Burger Kitchen acquisition.
12 October 2018
Africa rising story resonates with foreign dealmakers, says Hogan Lovells' Warren Drue
A growing middle class and diverse sectors pique the interest of foreigner investors.
12 October 2018
South Africa remains a key target market for private equity firms
This is how private equity firms are investing in sub-Saharan Africa.
11 October 2018
Sanlam concludes largest acquisition to date
The company has sealed its acquisition of Moroccan insurer Saham Finances for $1.1 billion (R16 billion).
10 October 2018
Kibo Energy completes UK-based flexible power acquisition
The company acquires a 60 percent shareholding in Mast Energy Developments, a private UK registered company.
09 October 2018
Cognition plans to buy Private Property from Caxton
Under the R127 million-valued deal, Cognition will become a subsidiary of Caxton.
09 October 2018
Business-friendly policies required says Kevin Cron of Norton Rose
As a lawyer with more than three decades' experience, Norton Rose Fulbright's Kevin Cron has seen many economic and dealmaking cycles in South Africa.
05 October 2018
Black-owned firm snaps up Aveng's rail business
The R133 million deal will enable Mathupha Capital to become a fully-fledged railway solution provider.
03 October 2018
Guy Steel and Nick Lazanakis from BDO Corporate Finance do more mid-market deals
Ray Mahlaka spoke with Guy Steel and Nick Lazanakis from BDO Corporate Finance. Guy and Nick's sweet spot is the mid-market, which includes deals up to R1 billion. This market is busier than last year. Many owner-managers seek to diversify.
02 October 2018
Warren Drue from Hogan Lovells gets the deal done
M&A Africa's Ray Mahlaka spoke to Warren Drue, who is a respected M&A and corporate finance practitioner at Hogan Lovells. With nearly 30 years' experience, Warren Drue is a highly respected M&A and corporate finance practitioner and has developed a substantial practice advising large local and international listed and unlisted clients.
02 October 2018
Long4Life's purchase of Chill set at R481 million
The purchase price of R481 million was based on actual ebitda of R92 million generated by Chill for the financial year ended June 30.
28 September 2018
Nkonzo Hlatshwayo to serve as Chairman of Hogan Lovells in SA
International law firm Hogan Lovells has appointed Nkonzo Hlatshwayo as Chairman of its South African practice.
19 September 2018
Finance leaders want in on the deal
A whopping 92 percent of CFOs say they should be more involved in M&A than in the past.
17 July 2018
5 tips from PSG CEO Piet Mouton on how to buy businesses
A small group of CFO Day attendees were treated to something of an M&A master class.
12 June 2018
Altron buys iS Partners in R225 million deal
Altron has acquired iS Partners, along with Karabina Solutions and Zetta Business Solutions, in the deal.
11 June 2018
Vodacom concludes empowerment deal
Vodacom has finalised a deal worth R17,5 billion, which will increase its BEE ownership to 20 percent.
23 May 2018
A done deal: Webber Wentzel's Megan Jarvis lists six dos and don'ts
Deadlines, pace and face time are among the most important tools to strike a great deal, she says.
06 May 2018
Do you have ideas for the African M&A Community?
The much-anticipated African M&A Community will be launched soon. It is poised to become the #1 platform for professionals working in M&A, Corporate Finance and Private Equity in Africa.
01 April 2018
Sanlam raises R5.7 billion to fund SAHAM acquisition
Sanlam has sold new shares worth R5.7 billion to fund its Moroccan acquisition.
26 March 2018
Zim concludes mining deal worth $4.2 billion
Zimbabwe has signed a mining investment deal with Karo Resources valued at $4.2 billion.
20 March 2018
Netcare to acquire Akeso Clinics in R1.3 billion deal
SA's third-largest private hospital chain has made a R1.3 billion acquisition of Akeso Clinics.
10 March 2018
Sanlam seals deal that makes it Africa's largest non-banking financial services group
Sanlam's acquisition of SAHAM Finances has a pricetag of R12.5 billion.
09 March 2018
Sinopec, Chevron deal - worth $900 million - to go ahead
The Competition Tribunal has approved Sinopec's acquisition of Chevron assets, with conditions.
26 February 2018
Competition Commission rejects Airlink's proposed Safair acquisition
SA Airlink and Safair are disappointed that the Competition Commission rejected their proposed merger.
