Each week we include one of the the Thorts articles that ran in the last issue of DealMakers SA / DealMakers Africa
Released weekly in M&A Pulse and Ghost Mail
16 May 2025
Mind The Gap: Valuations in the US compared to Emerging Markets
by James Moody and Calvin Craig | PSG Capital
The Competition Commission’s new groove: A business friendly shift?
by Reece May, Albert Aukema and Chris Charter | CDH
25 April 2025
DealMakers Africa Annual 2024
Logistical challenges & solutions in African e-commerce
by Konrad Fleischauer and Bhargav Desai | PSG Capital
17 April 2025
DealMakers Africa Annual 2024
Public participation – key to PPPs
by Kevin Kipchirchir and Njeri Wagacha | CDH Kenya
4 April 2025
DealMakers Annual 2024
Shareholder activist engagement – failing to prepare
by Henning de Kock and Johann Piek | PSG Capital
DealMakers Africa Annual 2024
Legal tech in M&A transactions
by Tevin Ramalu and Lemont Shondlani | DLA Piper Advisory Services
28 March 2025
20 March 2025
DealMakers Annual 2024
Sweat Equity: legally toned and ready to flex
by Vivien Chaplin and Phetha Mchunu | Cliffe Dekker Hofmeyr
Catalyst Annual 2024
Bridging the valuation gap: A new era in private equity partnerships
by Ndima Marutha | Agile Capital
14 March 2025
DealMakers Annual 2024
Demystifying and deconstructing the ‘Locked Box’
by Lydia Shadrach-Razzino and Kaylea Sher-Fisher | Baker McKenzie
7 March 2025
DealMakers Annual 2024
Macro environment to boost equity capital markets
by Leago Papo | Nedbank CIB
Catalyst Annual 2024
South Africa: Navigating private equity exits via continuation funds
by Michael Rudnicki , Jutami Augustyn, Diwan Kamoetie and Eamonn Naidoo | Bowmans
28 February 2025
DealMakers Annual 2024
AI and open source considerations in M&A
By Ridwaan Boda and Alexander Powell | ENS
21 February 2025
DealMakers Africa Q3 2024
Evaluating the risk-free rate in Africa’s markets
By Sibongakonke Kheswa| PSG Capital
14 February 2025
DealMakers Q3 2024
Understanding Statement 102 within the B-BBEE framework
by Leigh Lambrechts and Loatile Baiphaphele | Webber Wentzel
DealMakers Africa Q3 2024
By Willem Bodenstein and Nicola van Rooyen | Bravura Namibia
13 December 2024
DealMakers Q3 2024
Navigating seller risk in share-for-share transactions
by David Hoffe, Tuelo Mokoka and Siyabonga Nyezi | Fasken
DealMakers Africa Q3 2024
Reimagining sustainable development in African mining: the Catalyst Approach
by Bruce Dickinson | Webber Wentzel
6 December 2024
DealMakers Q3 2024
Catalyst Q3 2024
Private equity and the shifting global order
by Lisa Ivers and Tim Figures | Boston Consulting Group
DealMakers Africa Q3 2024
The growing importance of ESG in large transactions
By Pitso Kortjaas, Lydia Shadrach-Razzino and Virusha Subban | Baker McKenzie
29 November 2024
DealMakers Q3 2024
Pricing mechanisms in M&A deals
by Thandiwe Nhlapho and James Moody | PSG Capital
Catalyst Q3 2024
A buoyant 12 months ahead for the PE sector
by Jutami Augustyn, Kate Peter, Naqeeba Hassan and Timothy McDougall | Bowmans
DealMakers Africa Q3 2024
Navigating Zimbabwe’s M&A laws
By Tapiwa John Chivanga | Scanlen & Holderness
22 November 2024
DealMakers Q3 2024
Equity Capital Markets in South Africa: A resurgent force
by Dave Sinclair, James Rowson and Masechaba Makhura | RMB
Catalyst Q3 2024
Local conditions create value for private equity
by Liz Kolobe | Agile Capital
DealMakers Africa Q3 2024
Evolving M&A practices in Africa: how SPACS offer a compelling alternative
by Vivien Chaplin and Phetha Mchunu | Cliffe Dekker Hofmeyr
15 November 2024
DealMakers Q3 2024
M&A trends: SA is going through a profound transformation
by Tholinhlanhla Gcabashe and Cathy Truter | Bowmans
Catalyst Q3 2024
Is South African merger control raining on private equity’s Dezemba?
by Chris Charter | Cliffe Dekker Hofmeyr
27 September 2024
DealMakers Q2 2024
Recent developments in shareholder protection
by David Hoffe, Siyabonga Nyezi and Ashishaa Kasipersad | Fasken
20 September 2024
DealMakers Q2 2024
Is your non-variation clause the ultimate legal safeguard?
by Gabi Mailula, Asanda Lembede and Nina Gamsu | ENS
DealMakers Q2 2024
Unlocking the African natural resources sector
by Ian Ballington and Willie Hattingh | RMB
13 September 2024
DealMakers Q2 2024
by Henning de Kock, Terence Kretzmann, Calvin Craig and Bhargav Desai | PSG Capital
DealMakers Africa Q2 2024
ESOPs: A comprehensive guide for start-ups
By Njeri Wagacha, Rizichi Kashero-Ondego, Sheilla Mokaya and Wambui Kimamo | Cliffe Dekker Hofmeyr
5 September 2024
DealMakers Q2 2024
Sustainable development funding
by Thulisile Buthelezi and Ayavuya Madolo | BFM Young Professionals
DealMakers Africa Q2 2024
En Commandite Partnerships: A vehicle worth considering?
by James Moody and Mikayla Barker | PSG Capital
29 August 2024
DealMakers Q2 2024
Dancing with change of control clauses
by Roxanna Valayathum and Storm Arends | Cliffe Dekker Hofmeyr
DealMakers Africa Q2 2024
Africa’s deal-making catalysts in 2024
by Seddik El Fihri | Boston Consulting Group
23 August 2024
DealMakers Africa Q2 2024
From static to supercharged: legal reforms galvanise sub-Saharan Africa’s energy industry
by Charles Mmasi, Edwin Baru and Alison Mellon
2 August 2024
DealMakers Q1 2024
Trouble in paradise: removal of a Director
by Tessa Brewis, Jamie Oliver, Deepesh Desai and Ashleigh Solomons | Cliffe Dekker Hofmeyr
19 July 2024
DealMakers Q1 2024
Technology’s central role in post-merger integration
by Jonathan Milde, Jacqueline Govers, Chris Barrett and Claudio Di Vittorio | Boston Consulting Group
11 July 2024
DealMakers Q1 2024
Corporate restructures: some exchange control considerations
by Megan Landers | AJM Tax
4 July 2024
DealMakers Q1 2024
Business Crimes and Forensic Services are a must-have for businesses to thrive
by Lionel van Tonder | Webber Wentzel
27 June 2024
DealMakers Q1 2024
Know what your business is worth, even if not ready to sell
by Andrew Bahlmann | Deal Leaders International
DealMakers AFRICA Q1 2024
Ten important considerations when filing multi-jurisdictional mergers in Africa
by Martin Versfeld, Lebohang Makhubedu, Patrick Smith, Ricky Mann and Daniela Lamparelli | Webber Wentzel and RBB Economics
20 June 2024
DealMakers Q1 2024
Enhancing accountability: a closer look at the ‘Two-Strike Rule’
by Jaynisha Chibabhai | PSG Capital
DealMakers AFRICA Q1 2024
Capital Gains Tax and its impact on offshore indirect transfers in Kenya
by Alex Kanyi, Lena Onyango and Judith Jepkorir | CDH Kenya
13 June 2024
DealMakers Q1 2024
M&A in the digital age: how technology elevates legal strategy
by Safiyya Patel and Aalia Manie | Webber Wentzel
DealMakers AFRICA Q1 2024
Capitalising on opportunity: African M&A to rise in 2024 and beyond
by Jens Kengelbach | Boston Consulting Group
6 June 2024
DealMakers Q1 2024
Bridging Gaps: the art of infrastructure investment in South Africa
by Anneline Sonpal and Malcom Mangunda | Singular Group
DealMakers AFRICA Q1 2024
Unlocking Africa’s potential: The rise of AI investment on the continent
by Tayyibah Suliman and Lutfiyya Ramiah | Cliffe Dekker Hofmeyr
16 May 2024
DealMakers Q1 2024
Renewed appetite for M&A activity in 2024
by Krishna Nagar | Rand Merchant Bank
25 April 2024
DealMakers AFRICA 2023 Annual
Competition law develops in Africa
by Lesley Morphet and Nolukhanyo Mpisane | Fasken
18 April 2024
DealMakers 2023 Annual
Class Act
by Jesse Prinsloo and Dane Kruger | Cliffe Dekker Hofmeyr
DealMakers AFRICA 2023 Annual
Is Africa poised for a new wave of consolidations?
by Khaya Hlophe-Kunene and Johann Piek | PSG Capital
11 April 2024
DealMakers AFRICA 2023 Annual
Navigating the crucial turning point for M&A
by Tholinhlanhla Gcabashe and Cathy Truter | Bowmans
4 April 2024
DealMakers 2023 Annual
Executive Brief: key takeaways from the 2023 Companies Amendment Bills
by Daniel Hart, Janke Strydom and Nolukhanyo Mpisane | Fasken
DealMakers AFRICA 2023 Annual
Energy and materials sector to boost M&A
by Seddik Al Fihri | Boston Consulting Group, Casablanca
27 March 2023
DealMakers AFRICA 2023 Annual
Benefits of due diligence in M&A agreements
by Thandiwe Nhlapho and Roxanna Valayathum | Cliffe Dekker Hofmeyr
20 March 2023
DealMakers 2023 Annual
Thumbs up for emojis
by Brian Jennings and Storm Arends, Cliffe Dekker Hofmeyr
DealMakers AFRICA 2023 Annual
Unlocking Africa's economic potential
by Oluseyi Kumapayi | African Subsidiaries, Access Bank Plc
7 March 2024
DealMakers 2023 Annual
Trends in SA capital markets
by Terence Kretzmann and Bhargav Desai, PSG Capital
29 February 2024
DealMakers 2023 Annual
Benefit from ESG synergies in M&A
by Alexis Bour, Boston Consulting Group | Johannesburg
22 February 2024
DealMakers 2023 Annual
Private auctions for sell-side mergers and acquisitions
by Gabi Mailula, Kamohelo Masubele and Asanda Lembede, ENS
7 December 2023
DealMakers Q3 2023
Devil in the details: indemnities vs warranties in M&A
by Keagan Hyslop and Roxanna Valayathum | Cliffe Dekker Hofmeyr
DealMakers Q3 2023
FinSurv’s concerning silence on the regulation of crypto assets
by Bright Tibane and Andani Thovhakale | Bowmans
DealMakers AFRICA Q3 2023
ESG dispute resolution in Africa: trends and strategies
by Sandra Sithole, Chandni Gopal and Thandekile Mbatha | Webber Wentzel
30 November 2023
DealMakers Q3 2023
Mediation and the challenges of the 21st century in South Africa
by Michael Straeuli and Amaarah Mayet | Webber Wentzel
DealMakers Q3 2023
The role of internal Corporate Finance teams in M&A dealmaking
by Taskeen Ismail | Old Mutual Group
24 November 2023
DealMakers Q3 2023
How to manage the warrant and indemnity claims in the acquisition process
by Bobby Wessels and De Wet de Villiers | AJM
DealMakers Q3 2023
The rise of Artificial Intelligence in corporate finance: deciphering value, navigating risk
by Brian Vaddan | EY
DealMakers AFRICA Q3 2023
Kenya’s path to economic supremacy in Africa
by Paras Shah | Bowmans
16 November 2023
DealMakers Q3 2023
Unlocking private equity exits in the face of increasing SA uncertainty
by Thabo Ndimande and Hauke Schotola | RMB
DealMakers Q3 2023
South Africa: new JSE rules to encourage listings
by Lydia Shadrach-Razzino, Tanya Seitz and Shamila Mpinga | Baker McKenzie Johannesburg
12 October 2023
DealMakers Q2 2023
OFAC risks in Mergers and Acquisitions
by Brandon Irsigler, Noushaad Omarjee and Davin Olen | Dentons South Africa
Catalyst Q2 2023
Navigating growth: assessing the potential of private equity investments in Southern African markets
by Thandiwe Nhlapho and Roxanna Valayathum | Cliffe Dekker Hofmeyr
5 October 2023
DealMakers Q2 2023
The future of the mandatory audit firm rotation rule in South Africa
by Leonard Bilchitz and Tevin Ramalu | ENSafrica
DealMakers Q2 2023
Exchange controls in Africa – be aware of the limitations
by Cor Kraamwinkel, Marissa Wessels and Shirleen Ritchie | Webber Wentzel
28 September 2023
DealMakers Q2 2023
Future proofing the social and ethics committee
by Johann Piek | PSG Capital
Catalyst Q2 2023
Resetting share incentive schemes – navigating the tax consequences
by Brian Dennehy | Webber Wentzel
21 September 2023
DealMakers Q2 2023
Business Rescue Practitioners beware: Publish or prison
by Brian Jennings and Sasha Schermers | Cliffe Dekker Hofmeyr
Catalyst Q2 2023
Unlocking opportunities: exploring the evolving landscape of private equity in Southern Africa
by Makole Mupita | Mahlako Financial Services
14 September 2023
DealMakers Q2 2023
SARS's Authorised Economic Operators Programme: a must for businesses to expand beyond borders
by Dyondzo Kwinika and Virusha Subban | Baker McKenzie Johannesburg
DealMakers AFRICA Q2 2023
Corporate Law Digest - Kenya
The Conundrum of Conversion Under Convertible Loan Agreements
by Njeri Wagacha and Rizichi Kashero-Ondego, CDH Kenya
7 September 2023
DealMakers Q2 2023
Using sustainability-linked financing for impact to achieve ESG goals
by Khurshid Fazel | Webber Wentzel
DealMakers AFRICA Q2 2023
Investment in Africa: Exploring the continent’s growth potential
by Mish-al Magiet | PSG Capital
31 August 2023
DealMakers Q2 2023
No need for “poison pills”? Why hostile takeovers tend to fail in South Africa
by Nicholas De Decker | Lawtons Africa
DealMakers AFRICA Q2 2023
Sanction risks and African business: An overview of OFAC listings
by Brandon Irsigler, Noushaad Omarjee and Davin Olen | Dentons South Africa
17 August 2023
DealMakers Q2 2023
Finding M&A opportunities in the SA industrial sector through a value-orientated lens
by Alex Volschenk and Cara Pardini | RMB
29 June 2023
DealMakers Q1 2023
Does the failure to attach an annexure to your agreement render your agreement void for vagueness?
by Daniel Hart and Faheema Rahim | Fasken
22 June 2023
DealMakers Q1 2023
National security protections, procedural fairness and cartel enforcement highlighted as competition law trends
by Nazeera Mia and Shakti Wood | Bowmans
14 June 2023
Catalyst Q1 2023
Risk it for the biscuit: opportunities for private equity in business rescue
by Jessica Osmond and Tobie Jordaan | Cliffe Dekker Hofmeyr
DealMakers AFRICA Q1 2023
The increasing focus on public interest considerations in African competition policy
by Lerisha Naidu, Angelo Tzarevski and Sphesihle Nxumalo | Baker McKenzie
8 June 2023
DealMakers Q1 2023
Are minority shareholders always bound by the conduct of majority shareholders?
by Gabi Mailula and Asanda Lembede | ENSafrica
DealMakers AFRICA Q1 2023
The growing role for development finance institutions
by Johann Piek | PSG Capital
1 June 2023
DealMakers AFRICA Q1 2023
The resilient rise of African fintech
by Ashlin Perumall | Baker McKenzie, Johannesburg
25 May 2023
DealMakers Q1 2023
Takeovers: Don't shout it from the rooftops, please
by Brian Jennings and Keagan Hyslop | Cliffe Dekker Hofmeyr
DealMakers AFRICA Q1 2023
The resilient rise of African fintech
by Ashlin Perumall | Baker McKenzie, Johannesburg
18 May 2023
DealMakers Q1 2023
Down but not out: SA M&A to tread water until year end
by Matthew Eb and Itumeleng Molefe | RMB Corporate Finance
11 May 2023
DealMakers Q1 2023
The sale of business interests
by Angelique Stronkhorst and Bobby Wessels | AJM Tax
20 April 2023
DealMakers AFRICA 2022 Annual
Competition law developments in Africa
by Lesley Morphet | Fasken
20 April 2023
DealMakers 2022 Annual | Catalyst
AIIM targets NOA to overcome flood of load shedding inaction
by Michael Avery
DealMakers AFRICA 2022 Annual
United States and Africa: Building strong partnerships
by James P O’Brien | Baker McKenzie
13 April 2023
DealMakers 2022 Annual
What constitutes financial assistance for purposes of section 45?
by Thandiwe Nhlapho and Brian Jennings | Cliffe Dekker Hofmeyr
DealMakers AFRICA 2022 Annual
Infrastructure development: the catalyst to unlock growth on the African continent?
by Siyabonga Shandu, PSG Capital
5 April 2023
DealMakers 2022 Annual | Catalyst
The role of DFIs in the future of Private Equity in Africa
by Michael Avery
DealMakers AFRICA 2022 Annual
The African Exchanges Linkage Project: A Viable Solution to Boost Liquidity Levels in African Stock Markets?
by Dimitri Cavvadas and Obakeng Phatshwane, Fasken
30 March 2023
DealMakers 2022 Annual | Catalyst
The sun will continue to shine on private equity in Africa
by Lydia Shadrach-Razzino, Baker McKenzie
23 March 2023
DealMakers 2022 Annual
Can donations be used as a mechanism to avoid the solvency and liquidity test?
by Tevin Ramalu and Leonard Bilchitz, ENSafrica
9 March 2023
2 March 2023
DealMakers 2022 Annual
JSE takes another step towards amending the Listings Requirements
by Madelein van der Walt and Nasrin Kharsany, Webber Wentzel
16 February 2023
DealMakers Q3 2022
Competition Regulation as a tool for ownership transformation
by Richard Bryce, Bowmans
9 February 2023
DealMakers Q3 2022
ESG reporting begins with honest and verifiable statements
by Paula-Ann Novotny, Jaqui Pinto and Chandni Gopal, Webber Wentzel
2 February 2023
DealMakers Q3 2022
Harness opportunities: ESG considerations at the forefront of M&A transactions
by Roxanna Valayathum and Shanna Eeson, Cliffe Dekker Hofmeyr
14 December 2022
DealMakers Q3 2022
Corporate governance considerations for Boards of Directors overseeing entities outside of South Africa
by Janke Strydom and Jacques Marais, Fasken
DealMakers AFRICA Q3 2022
Food for thought: safes and regulatory aspects
by Njeri Wagacha and Rizichi Kashero-Ondego, CDH Kenya
DealMakers Q3 2022 | Renewable Energy Feature
Appropriate regulation is needed to help address SA’s power crisis
by Mzukisi Kota and Jason Van Der Poel, Webber Wentzel
Read here
8 December 2022
DealMakers Q3 2022
Common issues to consider when purchasing a business
by Jaco Meyer and Haafizah Khota, Cliffe Dekker Hofmeyr
DealMakers AFRICA Q3 2022
Trends in African energy and tech investments
by Khaya Hlophe-Kunene, PSG Capital
DealMakers Q3 2022 | Renewable Energy Feature
Africa’s Energy Transition - seismic shifts create new opportunities
by Edmund Higenbottam and Dusan Bozic, Verdant Capital
Read here
1 December 2022
DealMakers Q3 2022
Competition Commission aims to capture more notifiable mergers
by Daryl Dingley and Elisha Bhugwandeen, Webber Wentzel
DealMakers AFRICA Q3 2022
Is it time to have a Kenya-Mauritius double taxation agreement in force?
by Alex Kanyi, Cliffe Dekker Hofmeyr
DealMakers Q3 2022 | Renewable Energy Feature
Investing in Africa energy - the carbon conundrum
by Kenny Fihla, Standard Bank
Read here
24 November 2022
DealMakers Q3 2022
What’s happened to the (new) companies amendment bill?
by Anthea Eleftheriadis and Tevin Ramalu, ENSafrica
DealMakers AFRICA Q3 2022
Welcome to the age of African start-ups
by James Moody, PSG Capital
DealMakers Q3 2022 | Renewable Energy Feature
Facilitating a new generation of renewable energy
By Amber Bolleurs, Pranisha Sahadeo and Sindisiwe Mosoeu, RMB
17 November 2022
10 November 2022
DealMakers Q3 2022
The business case for producing biofuel from sugar cane in SA
by Aimee te Riele, Nedbank CIB
13 October 2022
DealMakers Q2 2022
Legal considerations relating to electronic meetings
by Ziningi Hlophe, Tebogo Moloko and Lwazi Mthembu, Webber Wentzel
6 October 2022
DealMakers Q2 2022
Minority shareholders’ appraisal rights
by Johan Coertze and Giscard Kotelo, Fasken
15 September 2022
DealMakers Q2 2022
Consolidated, Amended and Restated Agreements
by Gabi Mailula, ENSafrica
8 September 2022
DealMakers Q2 2022
The impact of macroeconomic volatility on M&A activity in 2022
by Deshan Pillay, Nedbank CIB
2 September 2022
DealMakers Q2 2022
ESG matters need a co-ordinated and practical approach
by Nomsa Mbere and Safiyya Patel, Webber Wentzel
DealMakers AFRICA Q2 2022
Is being “Exit ready” more important than ever?
by Graham Stokoe, EY
25 August 2022
DealMakers Q2 2022
Is the B-BBEE Commission overstepping its powers?
by Evon Jeewan, Bravura
18 August 2022
11 August 2022
DealMakers Q2 2022
Lessons learnt from dealmaking during COVID-19
by Justine Krige, Cliffe Dekker Hofmeyr
21 July 2022
DealMakers Q1 2022
Navigating competition law compliance in dual distribution relationships
by Neil Mackenzie and Hadassah Laing, Fasken
14 July 2022
DealMakers Q1 2022
A scheme of arrangement proposed to holders of a class of shares – shareholders’ approval rights
by Julius Oosthuizen, Prince Mathibela and Olwethuthando Ndlovu | ENSafrica
7 July 2022
Catalyst Q1 2022
Stemming the JSE delisting deluge starts with de-institutionalising SA’s public market
by Paul Miller | AmaranthCX
30 June 2022
DealMakers Q1 2022
Merger control in South Africa after Burger King
by Daryl Dingley and Elisha Bhugwandeen, Webber Wentzel
23 June 2022
16 June 2022
DealMakers Q1 2022
Corporate Income Tax: A bittersweet reduction
by Lance Collop, Cliffe Dekker Hofmeyr
9 June 2022
DealMakers Q1 2022
Proposed national security considerations may complicate foreign investments into South Africa
by Ziyanda Ntshona, Burton Phillips and Lwazi Mthembu | Webber Wentzel
2 June 2022
DealMakers Q1 2022
When unplanned for events can trump a share sale deal
by Bobby Wessels | AJM
26 May 2022
19 May 2022
