Professional services firm, Grant Thornton has described the high rate of mergers and acquisitions amongst South Africa’s food and beverage companies as a result of ideal opportunities made available by the sector to investors seeking expansion in the lucrative market.

According to the firm’s finance director, Steven Kilfoil, world-renowned retail chain, Walmart’s interest in acquiring South Africa’s Massmart, “We’re expecting more activity of this nature in the next few years,” he said.

In the firm’s recently published International Business Report on South African food and beverage sector, it stated the interests of foreign companies in the sector and put the number of global businesses currently considering company merger and acquisition opportunities at 20 percent. This highlights the sector’s resilience in the wake of recent global economic woes, coupled with benefits from consumer patronage both in value and upmarket categories.

Elsewhere on Ventures

Daily Brief Triangle arrow
Triangle arrow