The IDC from time to time undertake large transactions for which it requires advisory or technical support, often involving global consultancy firms with expertise in the areas concerned.
In the three transactions referred to, the IDC utilized specialist advisory skills for transactions with initial transaction value estimates set out in the table below:
No. |
Name of Transaction Advisor |
Tender description |
Initial Monetary / Transcation Value |
Tender pricing |
Amount paid to date |
1 |
PriceWaterhouseCoopers Incorporated |
Transaction Advisory Services for the Masorini Steel Project |
US$ 5 billion |
R 3,506,800 |
R 3,049,919 |
2 |
PSG Capital (Pty) Ltd |
Transaction Advisor for the UCW Transaction |
R 550 million |
R 2,351,114 |
R 2,351,114 |
3 |
Ernst & Young Advisory Services (Pty) |
Transaction advisor on the Corporatisation of Scaw |
R 6 billion |
R 17,256,155 |
R 13,520,721 |
4 |
Rothschild (South Africa) (Pty) Ltd and Identity Capital Partners (Pty) Ltd Joint Venture |
Transaction advisory services to the IDC to identify strategic equity partners to its subsidiary, Scaw |
R 6 billion |
R 17,500,000 |
R 7,579,905 |
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