on the money
STUART THEOBALD: Flurry of takeover moves creates false idea of a bright future
PepsiCo’s bid for Pioneer Foods is part of a deal-making spree by investors who need nerves of steel and a long-term view
22 July 2019 - 05:05
SA’s companies are being targeted in a deal-making spree. Last week, PepsiCo launched a bid for Pioneer Foods, Clover got Competition Commission approval to be bought out by Israel’s Central Bottling Company, and Aton was blocked from taking over Murray & Roberts (M&R). From this action alone, you’d think that the SA economy has bright prospects.
Well, it certainly doesn’t. Last week provided yet more evidence of political dysfunction with the scene set for a constitutional crisis over the public protector’s call for remedial action against President Cyril Ramaphosa...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.