Each year, DealMakers releases its Annual Rankings at a black tie Gala Awards Dinner held in Sandton, Johannesburg. Attended by over 500 paying guests, the event is a celebration of the work undertaken by the industry in the previous year.

The awards, decided upon by an independent panel, celebrate the professionals and firms who have demonstrated excellence, innovation, and leadership in executing successful deals in the M&A and Corporate Finance industry for 2023.

Arie Maree (Ansarada), Johan du Toit (Engaged Business Turnaround), Refilwe Ndlovu (Chrisyd Advisory Services) and Marylou Greig (DealMakers)

Cast Products South Africa (CPSA), the largest foundry group in South Africa and 85% owned by the Industrial Development Corporation of South Africa (IDC), and is subject to the Public Finance Management Act (“PFMA”), was placed in voluntary business rescue by its board in December 2021. In the four years until it was placed in business rescue, the company lost R1.7 million, excluding the losses that accumulated after the IDC acquired Scaw Metals from Anglo American in 2010 as a result of pressure from escalating input costs, particularly electricity and scrap metal. The restructuring and restoration of solvency has been finalised, and the BRP’s are presently in the process of restructuring the Board and appointing a strategic management team to take the business forward. R1 billion of liability has been restructured, the manufacturing capacity for South Africa has been retained, and corresponding jobs preserved under circumstances where the manufacturing industry is facing challenging economic times.