Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: articles on VAT and GST in India :: list of goods taxed at 4% :: VAT Audit :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: cpt :: empanelment :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARD :: due date for vat payment :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT
 
 
« Mergers and Acquisitions »
  Govt to explore mergers & acquisitions across state-run units
 Government to explore mergers & acquisitions across state-run units
 Govt mulls merger of 6 consultancy firms into Engineers India
 13 Design Industry Mergers & Acquisitions
 25 anesthesia mergers & acquisitions in the past year
 3 Big Mergers & Acquisitions That We Could See in 2017
 Govt mulls merger of six consultancy firms into Engineers India
 MENA mergers and acquisitions perform soundly in 2016 despite challenges
 Govt to explore mergers & acquisitions across state-run units
 Mergers & Acquisitions Heat Up the Promo Industry in January
 Mergers and Acquisitions: 2016 Update

Acquisitions of SA companies to gain momentum
March, 02nd 2010

SOUTH African companies are becoming increasingly attractive as acquisitions for foreign investors seeking to grow their presence in developing markets.

Globally, there is a perceptible increase in interest in African markets and in the advantages of using South African multinationals as a springboard to them, Gareth Driver, mergers and acquisitions specialist and head of the commercial department at Werksmans, said last week.

Driver was commenting on broad mergers and acquisitions trends in SA following the DealMakers 2010 awards held last week. He said while it was still an emerging trend for foreign investors to seek acquisitions in developing markets, it was expected to only gain momentum in the next two to three years.

This view is based on recent mergers and acquisitions developments, including the interest by Indias largest mobile operator, Bharti Airtel, in a merger with SAs MTN group .

MTN was clearly the first choice of Bharti Airtel in its efforts to gain a foothold in Africas mobile telecommunications market, said Driver, referring to Bharti Airtels two attempts, both of which failed for regulatory reasons, to merge with MTN.

Recently there had also been market speculation that US retail giant Wal-Mart had shown interest in acquiring South African-owned Shoprite, which has stores in a number of other African countries.

That kind of speculation is indicative of the growing global interest in South African multinationals. The biggest transactions of the kind to date were the acquisitions by Barclays and Industrial and Commercial Bank of China of stakes in Absa Bank and Standard Bank .

Driver said he expected a gradual recovery in activity this year after a relatively subdued showing last year. Only 448 deals were announced in SA last year compared to 528 in the previous year, according to DealMakers.

He said the lower levels of mergers and acquisitions activity last year were not only a function of lacklustre interest among buyers, but also of interest being frustrated by external circumstances.

In particular, bank funding for acquisitions was scarce and there were difficulties in agreeing on prices due to uncertainty over economic fundamentals and companies earnings forecasts.

In the DealMakers ranking, Werksmans was placed second in the categories of mergers and acquisitions and corporate finance by deal flow, and third in corporate finance by deal value. Edward Nathans Sonnenbergs was placed first in mergers and acquisitions deals by value for last year and second by value.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Work Flow Workflow Software Software Automation Workflow automation Software Design Workflow Design Business Work Flow Workflow automation tools

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions