Last Friday was a busy day for corporate activity in SA. First came the news that PepsiCo has made an offer to buy Pioneer Foods in a deal worth more than R24bn. In a country that yearns for foreign direct investment, this has been hailed as a vote of confidence in the country.

Later the same the day, the Competition Commission announced its decision to block German firm Aton’s acquisition of Murray & Roberts (M&R). This brings to a halt Aton’s hostile takeover of M&R.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.