- Publications & Insights
Michael Rudnicki is an executive in the Corporate department and a member of the Johannesburg office Tax practice.
Michael has in excess of 20 years’ tax experience and specialises predominantly in banking and financial services, M&A, Private Equity (“PE”), Executive Incentives Schemes and General Corporate tax.
In the financial services sector, he has consulted to most of the local and international banking institutions, in relation to balance sheet aspects such as financial instruments and derivatives as well as their in-house M&A and corporate finance teams. His clients include Barclays, Nedbank, Investec, Standard Bank, JP Morgan, UBS and Transaction Capital. Michael has a specific interest in the taxation of financial instruments and derivatives and has presented on numerous occasions on this subject at universities as well as public lectures, radio and television.
Michael has consulted on many large M&A projects and to many of South Africa’s leading PE firms as well as international PE firms with investments in Africa. His experience includes fund establishment, acquisition assistance and modelling, due diligence (acquisitions and disposals), as well as implementation and post deal implementation assistance and exit readiness. His experience in the PE sector extends beyond tax advice and includes deal origination and deal sourcing. He also assisted SAVCA in the preparation of its annual PE survey. Michael advised on the acquisition by ABSA Bank of Barclays Africa, as well as the recent acquisition by RPC’s of Astrapak as well as the acquisition of McDonalds South Africa. Michael’s PE clients include Rockwood, Harith, Ethos, Actis, Medu Capital, Capitalworks, DPI, Investec PE, RMB Corvest. He has appeared on many media platforms speaking about his experience and current trends in the local and international PE market.
Michael is a Chartered Accountant (SA). He has a B.Com degree from Rhodes University, a B.Compt Honours degree from Unisa, a B.Com Honours degree in Taxation from University of Cape Town and a M.Com degree from the University of Johannesburg.
- Michael was shortlisted for the ABSA Jewish Achiever awards in the Private Companies category in 2015.
Publications & Insights
- South Africa: Section 11G – potential impacts on private equity and venture capital transactions
- South Africa: Limitation on the use of contributed tax capital
- South Africa: Employer-funded share incentive schemes and the Spur judgement – some perspective is needed
- South Africa: Tax Due Diligence – An assessment of exposure risk and opportunity risk
- South Africa: Founder shares – Do the tax rules follow the commercial reality?
- South Africa: Latest tax developments regarding employer-provided scholarships and bursaries
- COVID-19: Deferral of interest payments on debt and the tax implications for lender and borrower
- COVID-19: Employees’ tax considerations during lockdown
- COVID 19: Tax relief in South Africa
- COVID 19: Tax risk management – strategic compliance reviews
- Beware of 45% tax on restricted shares in start-ups
- Tax treatment of services provided to employees
- Executive share schemes and founder shares: The trend of increased malus and clawback