Foreign tech investors
(Photo: Business Essentials)

International Investors Looking At South Africa Tech Companies

By Staff, 9:05 am

Law firm Baker McKenzie has released its latest quarterly Cross-border M&A Index, showing a massive drop in the number of inbound M&A deals across Africa and South Africa – but there’s a positive spin for the SA tech sector. According to the report, there were 17 inbound M&A deals in Africa in the second quarter of 2017 – a 48 percent drop from 33 deals in Q2 2016. The deal value for inbound deals amounted to $780 million, decreasing by 83% year-on-year and 88% on a quarter-by-quarter basis.

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