Charting the route to successful mergers and acquisitions in Africa

The International Monetary Fund predicts that Africa will be the world’s second-fastest growing region in the period to 2020. This ensures that the continent will remain squarely on the radar of foreign companies and investors. South African companies too are eyeing opportunities across our borders in light of this country’s stagnant economic growth. Despite the after-effects of the commodity bust [...]

October 30th, 2018|Categories: Corporate Finance, News, Transactions|

Has the medium-term budget policy statement done enough to appease Moody’s?

Ian Matthews, head of business development and special projects at Bravura, an independent investment banking firm specialising in corporate finance and structured solutions, comments on the medium-term budget policy statement (MTBPS) which has been issued this afternoon. Matthews says: “The 2018 MTBPS will be a key determinant for SA’s credit ratings. A Moody’s Investors Service credit ratings decision was [...]

October 25th, 2018|Categories: Economy, News, Taxation|

Is there any good news in the 2018 Medium-term Budget Policy Statement?

The Medium-Term Budget Policy Statement (MTBPS) presented by South Africa’s new Minister of Finance, Tito Mboweni on 24 October, was given against the realisation of the staggering impact State Capture had on the South African economy, strained fiscal numbers and ongoing concerns regarding the risks of further credit rating downgrades. Was Mr Mboweni able to address the glaring revenue [...]

October 25th, 2018|Categories: Economy, News, Taxation|

Limited options available for fiscal policy to support SA growth

There is very little wiggle room from a fiscal policy point of view to support growth and the upcoming MTBPS delivered may have to break some eggs. This is according to Ian Matthews, Head of Business Development & Special Projects at Bravura. Nastassia Arendse: Ian, tell me about these eggs that may need to be broken? Ian Matthews: The [...]

October 24th, 2018|Categories: Economy, News, Taxation|

MTBPS 2018 may have to break some eggs

Next week finance minister Tito Mboweni will be delivering the mid-term budget policy statement which becomes a more daunting prospect each year. In South Africa’s shrinking economy where unemployment is at a 14-year high of 27.7% (or 37.2% if the definition of unemployed is expanded to include those too discouraged to look for work) and GDP has been revised [...]

October 24th, 2018|Categories: Economy, News, Taxation|