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SA companies’ offshore deals reach record R222bn in second quarter

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Companies are increasingly looking abroad for growth as the local economy continues to underperform, PwC report finds

SA companies concluded international M&A valued at about R222bn in the second quarter — a record high — as they increasingly look abroad in search of higher growth opportunities, according to a report by PwC.

The report also found that outward foreign direct investment flows are at the highest since 2006 when the data was first recorded. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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