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Riding the M&A wave

South African companies have become popular targets for private equity investors. The wave of activity has generated new business for dealers as vanilla and more exotic forms of hedging begin to catch on. Mark Pengelly reports

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South Africa is undergoing a buyout boom. Just last month, the market witnessed the creation of the largest private equity fund on the continent. Johannesburg-based Pamodzi Investment Holdings launched its $1.3 billion Pamodzi Resources Fund 1, which will focus on opportunities in the mining and natural resources sector in sub-Saharan Africa. Ndaba Ntsele, Pamodzi's chief executive, claimed the

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