Weighing up the risks in South Africa’s historical moment in the land debate

Hot on the heels of President Ramaphosa telling the European Parliament yesterday that South African land reforms will be enacted in adherence to the country’s Constitution, the joint constitutional review committee has formally recommended today that section 25 of the Constitution be amended to allow for expropriation of land without compensation. This comes in the face of strong objections [...]

November 19th, 2018|Categories: B-BBEE, Economy, News|

ANALYSE THIS: Bravura’s Soria Hay

We analyse Head of Corporate Finance at Bravura - Soria Hay If someone came to you tomorrow with R100m to invest in just one company, which would it be? I wouldn’t invest R100m in one company. It’s not my investment style. I would invest in one index: the S&P 500. Which talent would you most like to have? I would [...]

November 1st, 2018|Categories: Corporate Finance, News, Transactions|

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|