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Goldman Sachs tips busy deals year for South Africa – Miningmx | SA News

GOLDMAN Sachs expects a surge in deal activity in South Africa this year, with its local CEO predicting broad-based growth across sectors as the economy begins to benefit from structural reforms and rising commodity prices.

“We expect activity across the board and our pipeline has broadened across sectors,” Simon Denny, CEO of Goldman Sachs South Africa told Bloomberg News. “Mining will continue to be a big theme this year and there are growing benefits to scale.”

Platinum prices have more than doubled over the past 12 months while gold has risen about 73%, spurring transactions including the merger of Anglo American and Teck Resources and the spinoff of Valterra Platinum…

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