Commenting on this week’s announcement by Prosus that it is willing to offer an near 50% premium for the Dutch tech company, Just Eat Takeaway.com, Mergence head of equities, Peter Takaendesa, said that the group was delivering on its promise to the maket of material acquisitions that strengthen its e-commerce ecosystem, as well as building on its existing assets in the food delivery business. However, some investors may likely believe that a buy-back of Prosus’ own shares rather than acquisitions would yield better risk-adjusted returns. Management will need to prove its case.

Fixing SA’s water crisis – why private capital must be part of the solution
Public-private partnerships in the water sector: Chito Siame, Head: Private Equity at Mergence Investment Managers, examines the need for private