South Africa

by KPMG
The environment for mergers and acquisitions (M&A) in South Africa is far less clement than in previous years due to the harsh current economic climate and the global credit and liquidity crunches. These constraints have reduced the economy’s growth and led to a sharp decrease in M&A activity. The fundraising appetite for domestic financial investments is increasing, however, leading to more opportunities for the growth in the small and medium-sized business market, which remains relatively active. […] Read more

by KPMG
Recent changes to the South African legislative framework have significantly affected the M&A environment. Historically, there was some uncertainty regarding the appropriate method of dealing with these types of transactions from a tax and legal perspective. Currently, the South African legislator has undertaken to address this uncertainty. While a degree of uncertainty remains, the recent changes are steps in the right direction. […] Read more