You must have been living in a cave if you haven’t heard of today’s tech giants and their triumphal march on share markets. Apple, Amazon and Co have pushed the Nasdaq, which is heavily weighted in favour of tech shares, to new highs, and while businesses are battling worldwide to shake off the burden of Covid-19, it appears as if these large tech companies are immune to the impact. “Most of the international acquirers are on the lookout for opportunities of R1bn or more. This is a problem for SA companies serving the local market. At the moment, there is more interest in this sector from the venture capital market than from private equity acquirers.”

Source: News 24 May 05, 2021 12:11 UTC