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Dealmakers optimistic on global M&A prospects despite sluggish growth
Published: 28 Jun 24
Global mergers and acquisitions (M&A) activity grew at a sluggish pace in the second quarter, yet many dealmakers are upbeat, forecasting transactions will pick up in the second half of 2024. Stubbornly high interest rates, a hostile regulatory environment and a frothy stock market that has made valuations pricey weighed on dealmaking in the last three months.
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The future of Operation Vulindlela
Published: 28 Jun 24
Engineering News editor Terence Creamer discusses the issues tackled during Phase 1 of Operation Vulindlela and the successes achieved thus far; the likelihood of Operation Vulindlela continuing as programme of action under the new government of national unity; and what could be on the agenda during Phase 2.
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The Spar Group targets water-saving measures
Published: 28 Jun 24
The Spar Group has been steadily implementing proactive water-saving measures within its logistics operations amid the increasing threat of water insecurity across South Africa. Potential water insecurity poses a significant threat to the integrity of retail supply chains across South Africa, as disruptions to water supply and water quality can lead to significant operational and financial risks to the South African economy, said The Spar Group national logistics executive Solly Engelbrecht.
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Mercedes-Benz SA considers cutting 700 jobs on back of struggling economy, ports
Published: 28 Jun 24
Mercedes-Benz South Africa (MBSA) says it will move from three shifts a day at its East London plant to two shifts, in a move that could potentially cut 700 jobs. MBSA produces the C-Class for the local and export markets, with more than 90% of production exported. Production reached around 90 000 units last year.
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