M&A deals hit hard by pandemic
Numerous transactions delayed, cancelled or put on pause for rethink
Mergers and acquisitions in SA dropped 60% in the first half of the year largely because of the uncertainties brought by the global Covid-19 pandemic.
Morné van der Merwe, head of corporate and M&A at law firm Baker McKenzie, says the impact of the pandemic led to numerous deals in the pipeline being delayed or cancelled in the first half of the year. Van der Merwe's comments are based on analysis of Refinitiv data.