Banks in South Africa look for infrastructure business

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AP
In South Africa investment banks are competing for providing financing for port, road and energy power projects as revenue from M&A declined sharply during last seven years. Firms in South Africa report 235 takeovers worth $13.1 bn this year, the lowest number of deals since 2004. To offset loss in M&A earnings, banks are trying to gain access to investment opportunities worth $93bn in sub-Saharan Africa infrastructure development.

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