investments in South Africa Archives

19Jul

By Baker McKenzieNo Comments

Business, Kenya News, Nigeria News, South Africa News

Deal value increases in South Africa and Nigeria in the first half of this year

Baker McKenzie’s latest analysis of Refinitiv data shows that the value of mergers and acquisitions (M&A) in the first half 2021 (H1 2021) soared in South Africa, and that deal value also increased in Nigeria in the first six months of 2021, but Kenya experienced a slight decrease in both deal value and volume in H1 2021. South Africa The value of M&A transactions in South Africa in H1 2021 amounted to USD 52 billion, with 169 deals announced in the period. Compared to the first half of 2020, transactions volumes decreased by 8% but deal value increased by 958% in the first half of 2021. Refinitiv data shows that the volume of domestic transactions increased slightly to 80 deals, a 10% increase year on year (Y-o-Y). Domestic transactions in South Africa in H1 21 were worth USD 46....

Why ecommerce matters for small businesses in SA

There has been a permanent change in the way that people shop and, in turn, the way that businesses need to operate. In the absence of brick-and-mortar stores being open during the lockdown, as well as a general fear of crowded malls when things were able to re-open, South Africa’s ecommerce sector exploded. According to Trevor Gosling, Co-founder and CEO of Lulalend – financing partner to South Africa’s small- to medium-enterprises (SMEs), he has seen a phenomenal growth in ecommerce businesses who have connected with them for SME financing. Between the period of October 2020 and February 2021, Lulalend saw an 86% increase in loans made to ecommerce businesses and online retailers in comparison to the same period between 2019 and 2020. “The loans were strongly linked to growth-related req...

IG South Africa’s Continued Commitment to Investment and Growth in South Africa

IG, a global leader in online trading, has had a long commitment to South Africa which is set to increase further. The company has operated in South Africa for ten years playing a key role in the growth of online trading in this sophisticated and growing market. IG is committed to robust local governance, and is pleased to announce that Mr. Ndabezinhle Mkhize has recently been appointed as Independent Chairperson to the Board of IG Markets South Africa Limited. Mr Mkhize brings over 20 years of local financial services experience to the Board, and is also joined by two Non-Executive Directors, providing diverse expertise and experience. Mr Mkhize joins IG as it embarks on a significant expansion in its operations in Johannesburg - more than 40 new, high-skilled, high-tech jobs are being c...