M&A are about culture as much as commerce
Is the recent approval of the sale of Pioneer Foods to PepsiCo indicative of an upswing in M&A?
The strong currents of ongoing political and economic uncertainty (both in SA and in the global context) have made for challenging conditions when it comes to landing significant investments in mergers and acquisitions (M&A) on SA shores. But is the Competition Commission’s recent approval of the sale of SA food giant, Pioneer Foods to PepsiCo indicative of an upswing in M&A?
Most expert opinions and predictions are that we are not likely to see increases in M&A volume and value until about 2021 or 2022; and that remains highly dependent on whether there are enough signs, in the meantime, of economic improvement and the enhancement of the country’s investment environment. ..