SA companies’ offshore deals reach record R222bn in second quarter

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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Offshore payments by state companies under scrutiny, Treasury saysSuch payments by SOEs during the years of state capture resulted in funds being channelled into Gupta-linked companies 🔒
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Oil companies spend billions on offshore drillingSurging oil prices and Europe’s mounting energy demand amid the Ukraine-Russia war are reversing the industry’s long spending decline
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COMPANIES: Sasol reaches $24m class action settlement over US project cost overrunsSouth African petrochemicals giant Sasol has quietly reached a $24-million settlement in a class action brought by investors over cost overruns at the company’s problem-plagued Lake Charles chemical plant project in the US state of Louisiana, according to court documents seen by Business Maverick. Sasol has confirmed the settlement. Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met JamesAlderson0 and started Bitcoin trading, I earned R800,000 in 3 weeks thanks JamesAlderson0 I was scammed through Bitcoin couple of months ago, I started hating Bitcoin until I was introduced to Allison_Grillo, and I gave Bitcoin trading another try, I successfully withdrew $35,000 after two weeks of trading, am so grateful Allison_Grillo thank you Huh
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