Publication
What M&A trends will transform the 2024 insurance landscape?
It is widely accepted that 2023 was one of the worst years in recent memory for M&A activity.
In line with the hopeful message delivered in the State of the Nation address by the President, the Minister of Finance delivered a measured budget which did not shy away from the difficult questions being asked of Treasury.
In line with the hopeful message delivered in the State of the Nation address by the President, the Minister of Finance today delivered a measured budget which did not shy away from the difficult questions being asked of Treasury.
There is no doubt that the tax adjustments announced will hit South Africans in their pockets. However, Treasury failed to panic in the face of a slow economy and a growing deficit, and implemented some difficult changes which will hopefully make a material difference to the budget.
At the same time, statements regarding the realignment of tax incentives and the crack-down on illicit financial flows suggest that Treasury realises that increasing tax rates is not the only way to encourage economic activity and to bulk up the fiscus.
The Minister should be applauded for an honest medium term budget in October 2017, followed by an even better performance this year which can only strengthen the perception that Government is learning from its past mistakes and placing the country on a better course.
The main budget proposals for the 2018-19 fiscal year include –
Publication
It is widely accepted that 2023 was one of the worst years in recent memory for M&A activity.
Publication
The ongoing conflicts and further geopolitical tensions in Eastern Europe and the Middle East, coupled with upcoming elections in a number of key countries including the US and the UK, make 2024 challenging to predict what impact this will have on the insurance sector.
Publication
On 6 September 2022, the European Commission (EC) prohibited Illumina’s acquisition of Grail, bringing to an end the administrative stage of a legal saga that has attracted interest beyond competition law specialists.
Subscribe and stay up to date with the latest legal news, information and events . . .
© Norton Rose Fulbright LLP 2023