Slow year for mergers

Mergers and acquisitions activity in South Africa plummeted 33percent last year in terms of deal value, echoing the declines in global economic downturn. This follows two boom years for mergers and acquisitions activity. Total deal value fell from R514billion to R312billion, with no sign of mega deals that was evident in 2007, according to Ernst & Young. - Adele Shevel

Mergers and acquisitions activity in South Africa plummeted 33percent last year in terms of deal value, echoing the declines in global economic downturn. This follows two boom years for mergers and acquisitions activity. Total deal value fell from R514billion to R312billion, with no sign of mega deals that was evident in 2007, according to Ernst & Young. - Adele Shevel

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