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Clairfield International and Rand Merchant Bank announce a formal M&A advisory partnership spanning 32 countries

Location: Business
Rand Merchant Bank

Clairfield International, a top-ranked Europe-based global corporate finance partnership, and Rand Merchant Bank (RMB) (www.RMB.co.za), a division of FirstRand Bank Limited (part of FirstRand Limited, the largest financial services group by market capitalisation in Africa), are delighted to announce that they formally agreed to partner, marking both firms' commitment to global expansion and delivery of top-quality corporate finance advisory solutions for clients.

This partnership will position RMB as the gateway for Clairfield clients into South Africa, Nigeria, and the broader sub-Saharan African market, while Clairfield opens doors for RMB into Europe, the Americas, and the Asia-Pacific region. Following from Clairfield's successful partnership with top Japanese advisory firm Yamada Consulting in 2023 that covers Japan and the Association of Southeast Asian Nations, this new access to sub-Saharan Africa creates unparalleled coverage for midmarket corporate, private equity, and family business clients worldwide.

Clairfield International advises entrepreneurs, multinational corporations, and financial investors on M&A and other corporate finance solutions with special expertise in cross border situations through over 30 country teams globally. Clairfield International has completed 780 transactions on behalf of clients in the last five years totalling EUR 30 billion in disclosed deal value.

“We are optimistic about Africa's long-term growth, driven by technology, the high demand for infrastructure and rapid urbanisation, and we are eager to explore business opportunities across the continent. RMB has a corporate finance team of over 70 people, and with their reach and expertise on the ground, Clairfield can vastly expand its client offerings across sub-Saharan Africa,” says Alexander Klemm, Executive Chair of the Clairfield board of directors. “This partnership is a transformative step for both firms, enhancing our global footprint. Together we can access exciting global deal flow, buyers, and investors for our clients.”

RMB's award-winning corporate finance team partners local and global clients offering differentiated advice and innovative thinking on strategic topics as well as access to capital to enable their growth ambitions. RMB Corporate Finance has an unrivalled track record in corporate finance advisory in sub-Saharan Africa and is consistently the top-ranked advisor in the league tables in South Africa and Nigeria. 

“This partnership underscores our commitment to building an M&A advisory capability that is internationally relevant to our clients,” says Krishna Nagar, Co-head of Corporate Finance at Rand Merchant Bank. “The increase in M&A activity across Africa positions us favourably with companies seeking global opportunities and expertise. Our collaboration with Clairfield has already proven fruitful as interest from Clairfield clients is evident in our mandates. We look forward to a continued partnership and access to Clairfield's expertise in developing and facilitating that global deal flow.”

Distributed by APO Group on behalf of Rand Merchant Bank.

About RMB:
Rand Merchant Bank (RMB) is a leading African corporate and investment bank (CIB) and part of the largest financial services group (by market capitalisation) in Africa – FirstRand Bank Limited (which is wholly owned by FirstRand Limited). We offer our clients innovative, value-added advisory, funding, trading, corporate banking, and principal investing solutions.

With a presence in 10 African countries, we have a significant footprint on the continent. We also have access to a network of retail banks, representative offices and branches across Africa, the UK, India and the US.

For more information visit: www.RMB.co.za

About Clairfield International:
Founded in 2004, Clairfield International provides advisory services on middle-market transactions for large companies, private investors and private equity, public sector clients, and family businesses. Headquartered in Europe with locations in every major region worldwide, we offer clients access to corporates, investors, key decision-makers, and sector experts, combined with a deep understanding of local regulations and cultures. Closing over 190 transactions annually, Clairfield ranks as one of the top independent M&A advisors in league tables worldwide.

For more information visit: www.Clairfield.com

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Read moreClairfield International and Rand Merchant Bank announce a formal M&A advisory partnership spanning 32 countries

Rugby’s Impact: Investing in Africa’s Development Future (By Gabriela Ramos and Herbert Mensah)

Location: Sport

Rugby Africa
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By Gabriela Ramos, Assistant Director-General for the Social and Human Sciences of UNESCO, and Herbert Mensah, President of Rugby Africa (http://www.RugbyAfrique.com)

With a current population of over 1.4 billion, Africa is expected to reach 2.5 billion by 2050. By 2030, young Africans are projected to constitute 42 percent of the world's youth. Looking ahead, by 2100, nearly half of the world's children will be African, and Africa will then constitute 40% of the global population. This demographic transformation presents an unprecedented opportunity for the continent and the world.

In a future where Africa's youth will constitute the majority of the global youth population, it is essential to recognize that the path of international sports bodies will be inextricably linked to Africa. With a rapidly expanding fan base, a growing pool of talented athletes, and a substantial TV audience, Africa becomes a focal point for the future of sports.

Rugby, with its core values of integrity, respect, solidarity, passion, and discipline, stands as a powerful catalyst for character development. These values extend far beyond the playing field, instilling life skills that are essential for young people as they navigate life's challenges. Integrity on the pitch translates to honesty in life's challenges, respect in victory and defeat fosters empathy in relationships, and solidarity in teamwork becomes community service, cultivating a spirit for the common good. South Africa, a triumphant four-time rugby world champion, has consistently exemplified these values, with its current captain Siya Kolisi standing as a role model for the entire African continent.

Empowering African youth through rugby is not just about playing a fun sport; it's about equipping them with the tools they need to drive continental growth and reach their fullest potential. Every young rugby player has the potential to be a future leader, an agent of positive change, and an ambassador for unity. By nurturing their talents and investing in their development, we set in motion a journey that contributes not only to the advancement of rugby across Africa but also to the progress of our societies at large.

Rugby is actively implemented in 39 countries across the continent, and Ghana, Nigeria, and Zambia are among the six emerging nations that are enjoying strong growth in rugby globally, according to data published in September by World Rugby. The growth of rugby in Africa, coupled with the sport's rising global popularity, creates a promising economic ecosystem and offers immense potential to drive human development and livelihoods. Beyond its cultural and sporting importance, the rugby industry offers diverse opportunities for revenue generation, including sponsorships, broadcasting deals, merchandise sales, and event hosting. These economic benefits extend to ancillary industries, such as sports tourism and sports technology, attracting international visitors, fostering tech startups, and driving infrastructural development. Additionally, investments in youth development, infrastructure, and training programs can lead to job creation, and skills development, contributing to economic growth and community well-being. This highlights rugby's significant role in advancing economic development across Africa. In harnessing the potential of rugby, Africa can not only foster sporting excellence but also stimulate economic advancement and social progress on the continent.

However, this transformative journey requires commitment and investment. African governments, development agencies, and international sports governing bodies, such as World Rugby, need to recognise the pivotal role that rugby can play. It is a responsibility we owe to the future of our continent and the world, and Rugby Africa, the continental governing body of rugby in Africa, is eager to collaborate with global stakeholders to strengthen the rugby value chain on the continent. Together, we aim to leverage the attributes of rugby in addressing social challenges and enhancing individual and community well-being.

Distributed by APO Group on behalf of Rugby Africa.

Read moreRugby’s Impact: Investing in Africa’s Development Future (By Gabriela Ramos and Herbert Mensah)

Structural reforms remain key for SA economy

Location: News

Structural reforms remain key for SA economy

Finance Minister Enoch Godongwana has reaffirmed South Africa’s commitment to engaging in structural reforms that will foster an environment fertile to economic growth and competitiveness.

The Minister was speaking during a panel discussion at the World Economic Forum (WEF) Annual Meeting held in Davos, Switzerland.

Godongwana is leading the South African delegation to the critical meeting.

Structural reforms in South Africa are targeted at – among other things – electricity, infrastructure, water and logistics, and are driven by Operation Vulindlela.

Operation Vulindlela is a joint initiative of the Presidency and National Treasury to accelerate the implementation of structural reforms and support economic recovery. It aims to modernise and transform network industries, including electricity, water, transport and digital communications.

The objectives of the reforms are aimed at:

  • Stabilising the electricity supply.
  • Reducing the cost and increasing the quality of digital communications.
  • Providing sustainable water supply to meet demand.
  • Providing competitive and efficient freight transport.
  • Fostering a visa regime that attracts skills and grows tourism.

“There are a number of things we are doing to deal with structural reforms. One of the perennial problems we’ve had has been on the energy front. Massive structural reforms… are dealing with that question.

“A new challenge has been the logistics sector, where we are investing a lot in it. We have been trying to change the skills composition to the extent that we don’t have and we have provided an environment where we can import skills with ease.

“So there are lot of structural reforms that we have engaged in in order to make sure that we can grow the economy and be competitive,” Godongwana told the panel.

Historical commitment

During the pre-WEF media breakfast briefing held last week, Godongwana emphasised that structural reforms remain crucial.

“Structural reforms remain crucial to revive medium-term growth prospects amid a constrained policy space. We remain steadfast in carrying out structural reforms to support and accelerate economic recovery.

“As government, we remain resolved to deal with the energy and logistics challenges that are adversely impacting our economy,” he said.

In his Medium Term Budget Policy Statement delivered in November last year, Godongwana presented the reforms specifically targeted at Eskom and Transnet.

On Transnet, he said: “Rail underperformance is estimated to have cost up to 5% of GDP in 2022, with losses in the region of R50 billion in the minerals sector alone.

“Given the scale of the challenges, the National Logistics Crisis Committee was instituted to broaden reforms in the sector and prioritise reforms aimed at resolving the immediate crisis, while also addressing the structural aspects hampering the sector.”

On electricity, Godongwana said: “[We] recognise the potential loss of revenue due to private electricity generation, and the fact that traditional revenue models relied on by public entities like Eskom, face serious disruption.

“It is for these reasons that our electricity reforms are holistic, evidenced-based, and geared to find a balanced solution to our electricity supply challenges. They take into account not just a particular entity but the transformation of the sector as a whole.” – SAnews.gov.za

NeoB
Tue, 01/16/2024 - 12:18

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Read moreStructural reforms remain key for SA economy

JSE Champions: Unveiling the Top Dividend Payers of the Past Five Years

Location: Business

For income-oriented investors, South Africa’s Johannesburg Stock Exchange (JSE) holds a treasure trove of dividend-paying gems. But which stocks have consistently showered shareholders with the sweetest rewards over the past five years? Buckle up, as we dive into the world of JSE high-yield history makers: Top Contenders: RMB Holdings (RMB): This financial services behemoth reigns …

Read moreJSE Champions: Unveiling the Top Dividend Payers of the Past Five Years

Is it possible to get a R25 000 pm Income from a R1.4 Million Investment?

Location: Business

Investing R1.4 million to generate a monthly income of R25,000 requires careful planning and consideration of your risk tolerance, investment timeframe, and financial goals. Here are some potential approaches: 1. High-Risk, High-Potential Growth: Equity Investments: Allocate a portion of your capital (30-40%) to a diversified portfolio of stocks in promising sectors like technology, healthcare, or …

Read moreIs it possible to get a R25 000 pm Income from a R1.4 Million Investment?