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On 1 July 2018, South Africa, along with five other countries, became party to the African Continental Free Trade Area agreement (AfCFTA), joining the 44 existing signatories to the agreement.
Merger & Acquisition (M&A) transactions in South Africa declined in terms of both the volume and value of domestic and cross-border deals, according to analysis by Baker McKenzie of Thomson Reuters M&A data for South Africa.
Against a backdrop of enduring geopolitical uncertainty, global private equity is experiencing a resurgence.
Domestic and cross-border Initial Public Offering (IPO) capital raising by African issuers in the first half of 2018 (H1) increased by 33% year-on-year to USD 396 million, while volume grew by 25% to 5 IPOs. This is according to Baker McKenzie’s Cross-Border Index for H1.
With the market cap of cryptocurrencies growing from around USD 15 billion in December 2016 to a staggering USD 815 billion in December 2017, it is not surprising that the subject found its way to many dinner table discussions during the 2017 festive season.