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DealMakers - Annual 2025 

(released February 2026)

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Editor's Note

by Marylou Greig

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Analysis 2025

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M&A Rankings 2025

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GCF Rankings 2025

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BEE Rankings 2025

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Unlisted Deals Rankings 2025

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The Individual DealMakers of 2025

and The Leading Candidates

Deal of the Year 2025

and Pick of the Best​

BEE Deal of the Year 2025

and Pick of the Best​

Business Rescue Transaction of the Year 2025​

and Pick of the Best​

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Selecting those Awards​

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THORTS

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The risks of shadow AI in M&A transactions

ByTayyibah Suliman, Sadia Rizvi and Izabella Balkovic | Cliffe Dekker Hofmeyr

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Rising M&A activity signals growing investor confidence

by Kgolo Qwelane | Tamela

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Investment momentum in South Africa’s mining and energy industries

by Alessandra Pardini and Ntokozo Nzima | Bowmans 

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Leading on AI: A boardroom imperative in South Africa’s digital revolution

by Henning de Kock and Johann Piek | PSG Capital​

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Expanding director accountability in South African
company law: Insights from Vantage and Langeni

by Tevin Ramalu and Darian Chetty | DLA Piper Advisory Services

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Say what you mean and mean what you say:
Simulated transactions and working around statutes

by Yaniv Kleitman and Roxanne Bain | Cliffe Dekker Hofmeyr​​

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Small stakes, big regulatory risk: Draft guidelines on minority shareholder protections amounting to a change of control

by Daryl Dingley, Kgomotso Mmutle, Gina Lodolo and Terrence Lane| Webber Wentzel

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THE OVAL TABLE

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