EXPERT GUIDE – MERGERS & ACQUISITIONS 2013

The South African M&A regulatory framework has undergone a significant change in recent times with the introduction of a new Companies Act on 1 May 2011. This is the first significant change to South African company law in the last three decades, with the previous Companies Act having been in place since 1973. rnrnThe new Companies Act has introduced a number of new concepts into South African law, including, for the first time, a statutory merger procedure and shareholder appraisal rights. In this article, we focus on the statutory merger procedure and assess how it is has fared in practice in the two years since the Companies Act came into effect.