Listed Companies

Shoprite announced a strategic move to acquire 100% of Vida e Caffè, South Africa’s largest speciality coffee chain. The transaction, executed via a share-purchase agreement, is part of a broader corporate expansion strategy valued at approximately R1 billion, which also includes Shoprite acquiring a majority stake in the technology and payments firm R&A Cellular. The acquisition remains subject to standard regulatory approvals and is projected to become fully effective during Shoprite’s 2027 financial year.

Discovery’s wholly owned subsidiary, Vitality Group International (VGI), acquired 100% of US-based healthcare services company Icario Holdco. The acquisition strengthens VGI’s position in the government-sponsored health plan market, expanding its scale, member engagement capabilities, product offering and cross-sell opportunities. Financial details were undisclosed.

Nedbank has received approval from the Central Bank of Kenya to acquire c.66% of NCBA Group from NCBA shareholders on a pro-rated basis. The offer remains subject to the fulfilment or waiver of certain conditions specified in the Offer Document.

Unlisted Companies

Mamor Capital Ventures, a black women-led early-stage growth venture capital fund, has reached a R300 million first close for Fund 1. The Public Investment Corporation is the fund’s anchor investor with further commitments from the High Impact Seed Fund of Funds managed by the SA SME Fund, the Technology Innovation Agency and the Small Enterprise Development and Finance Agency. The fund invests in South Africa businesses that are using technology to widen economic participation.

DealMakers is SA’s quarterly M&A publication.
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