South African retailer Woolworths is set to buy Australian department store chain David Jones for R21.4-billion (A$2.1-billion), in a deal that will create a leading southern hemisphere retailer with 1 151 stores across 16 countries.
Biotechnology, space science and renewable energy offer "real opportunities for extensive cooperation" between the BRICS countries, Science and Technology Minister Derek Hanekom said at the first BRICS Science, Technology and Innovation Ministerial Meeting outside Cape Town on Monday.
South African food service group Famous Brands has acquired a 49% stake in Nigerian company UAC Restaurants, whose flagship Mr Bigg's brand is Africa's largest food franchise outside of South Africa.
South Africa's Imperial Logistics has entered into a joint venture with international advisory and procurement firm The Beijing Axis to improve its international supply chain management in Asia, as well as provide support to its clients expanding into Asia.
South African health insurer Discovery has launched a joint venture with pan-Asian life insurer AIA Group to introduce a wellness programme in Singapore, marking the company's entry into the Asia-Pacific region.
South Africa's Aspen Group has signed a R10-billion deal with Dutch pharmaceutical firm MSD to acquire an active pharmaceutical ingredient manufacturing business in the Netherlands as part of the company's plan to grow its global footprint.
South African food service group Famous Brands is expanding into the United Kingdom with the opening of its first branch of burger franchise Steers in London in July. India, and the rest of Africa, are also high on the group's international target list.
South African financial services provider Sanlam has acquired a 49% stake in Malaysian short-term insurer Pacific & Orient Insurance Co. Berhard worth about R814-million in line with the company's growth strategy in emerging markets.
South Africa is attracting new attention from Chinese, Indian and Russian investors - including a planned visit by Chinese buyers who aim to spend R5-billion in the country later this year, says Department of Trade and Industry director-general Lionel October.
South Africa's largest privately owned defence and aerospace firm, Paramount Group, has won an international bid to supply security vehicles to Brazil, which is preparing to host the 2014 Fifa World Cup and 2016 Olympic Games.