Real GDP growth contracted by 0.9% in 2017 and an estimated 0.1% in 2018, thanks to domestic and external factors, including a sharp reduction in public spending necessitated by falling revenues and weak growth in trading partner economies and subdued household demand. Namibia's economic growth is expected to return gradually in 2019 and reach up to 2% over the medium-term.
- Willem Jacobs, Albert Aukema, Aadil Patel, Deon Wilken, Heinrich Louw and Christelle Wood represented Metier Capital Growth Fund II (Metier), one of South Africa's largest private equity funds. Our corporate/M&A team advised this client in the acquisition, through Retailability, of Edcon’s Legit business which has 215 stores across South Africa, Lesotho, Swaziland, Namibia, Botswana and Zambia.
- Susan Meyer represented (Stadio Holdings Limited) Stadio, the South Africa-based, JSE-listed investment company focussing on post-school education. Our competition team has advised this client in numerous acquisitions in the higher education market over the review period. Each acquisition has required separate merger approvals in South Africa and in Namibia. Our work included advising on Stadio's acquisition of the South African School of Motion Picture Medium & Live Performance Proprietary (AFDA); the Southern Business School Proprietary Limited (SBS); and Milpark Education.
- Jay Govender and Emma Dempster represented Southern African Power Pool (SAPP), the electrical energy co-operation in Southern Africa, under the auspices of the Southern African Development Community (SADC). The members of SAPP have created a common power grid between their countries and a common market for electricity in the SADC region. Our projects & energy team has been appointed, through a competitive bidding process, as lead legal advisor for the ANNA Transmission Interconnector project, which is expected to link the Namibian and Angolan electricity networks in the north western part of Namibia and the southern part of Angola. This mandate includes feasibility studies; the design of a procurement programme; as well as drafting the Engineer, Procure and Construction (EPC) contract.
- Emma Dempster is represented SunEQ GmbH, the leading Germany-based energy & natural resources sector player. Our projects & energy team is advising this client in respect of the development, financing, construction, operation and maintenance of a 5MW captive solar PV facility located in Namibia.
- David Pinnock advised the Keller Group (a major British based ground engineering company listed on the London Stock Exchange) in its R500 million acquisition of the geotechnical contracting business owned and operated by Esorfranki Construction in South Africa, Botswana, the DRC, Ghana, Lesotho, Mauritius, Mozambique, Namibia, Seychelles and Swaziland. Following the closing of the sale transaction, CDH advised on and implemented a BEE share scheme for the new operating company, Franki Geotechnical.
- Quintin Honey and Chris Charter advised on the FedEx Corporation acquisition of the courier service business operated by Supaswift, a courier company associated with the JSE listed Bidvest Group, across seven Southern African countries including the establishment of purchasing entities in each country (South Africa, Namibia, Botswana, Zambia, Mozambique, Malawi and Swaziland).
- Allan Reid advised a listed Swedish company in its tender for the South African and Namibian assets of Anglo Zinc, including a full due diligence of such Namibian assets.
- Allan Reid advised a listed French company with regard to its acquisition of certain manganese operations in Namibia.
- Jo Neser advised Heineken, Diageo plc. and Namibia Breweries on the establishment of their South African Joint Venture.
- Willem Jacobs, Christelle Wood, Albert Aukema, Aadil Patel, Samantha Coetzer and Heinrich Louw advised Retailability Proprietary Limited on the acquisition of the business conducted under the "Legit" brand out of approximately 216 physical retail stores. (South Africa, Lesotho, Swaziland, Namibia, Botswana and Zambia).
- David Pinnock advised CCMP Asia on the acquisition of Waco, a company with interests in South Africa, Australia, New Zealand, Namibia and Zimbabwe, at that time being South Africa's largest ever private equity transaction (value R5,4 billion).
- David Pinnock advised on the sale by Sun International of controlling interests in its assets in various African jurisdictions to Minor Hotel Group and of associated hotel management agreements (Zambia, Namibia, Swaziland, Lesotho and Botswana).
- David Pinnock advised on the sale by Sun International of remaining interests in its assets in various African jurisdictions to Minor Hotel Group and of associated casino management agreements (Zambia, Namibia, Swaziland, Lesotho, Botswana).
- We acted for United Property Management (Pty) Ltd, a Namibian company, in a matter with Redefine Income Fund Limited, in terms of which (commercially) United Property Management (Pty) Ltd and Redefine Income Fund Limited entered into a property development joint venture (of a Namibian property).
- Jay Govender assisting a leading global project developer in responding to a number of requests for proposals across various jurisdictions (Morocco, Ghana, Namibia, Mauritius, Egypt, South Africa and Zambia), including reviewing and advising on the proposed power purchase agreements, implementation agreements and connection agreements issued.
- Aadil Patel acted for Total regarding the application of several HR and employee policies in South Africa, Swaziland, Namibia, Botswana and Lesotho.
- Aadil Patel advised MacMillan on 'localising' their HR policies and employment contracts in Botswana and Namibia.
- Aadil Patel assisted and advised Total South Africa (Pty) Ltd in its dealings with the Employment Equity Commission in Namibia