Nedbank CIB’s expertise fuels SATH’s strategic shareholding in IHS Towers South Africa

Nedbank CIB uses its expertise in BEE and telecommunications to support SATH through its subscription of a 30% shareholding in IHS South Africa

 

As Nedbank Corporate and Investment Banking (CIB), we’re proud to announce our role as the corporate adviser to SA Tower Holdings Proprietary Limited (SATH), a broad-based empowered consortium vehicle, on its subscription for a 30% shareholding in IHS South Africa Holding Proprietary Limited (IHS SA), part of the IHS Holding Limited group, which is listed on the New York Stock Exchange (NYSE:IHS). Our team successfully negotiated a deal that will help create value for the consortium and positively contribute to the telecommunications infrastructure industry in South Africa.

'In guiding SATH through this transaction, Nedbank CIB reinforces its leadership in South African empowerment and telecommunications transactions.'

Brad Webber, Head of Investment Banking Origination at Nedbank CIB

Navigating complexities with expertise in telecommunications and BEE

 

Over a 3-year period, we advised the consortium through the transaction process while helping it navigate South Africa’s tower industry landscape. Our expertise in black economic empowerment (BEE) structuring and telecommunications was pivotal in securing a deal that supports economic development, thereby reaffirming our leadership in South African empowerment and telecommunications transactions.

'Our advisory role for SATH reflects Nedbank CIB’s dedication to impactful partnerships that help our clients make strategic investments.'

Warrick Haskell, Head of Corporate Finance (South Africa) at Nedbank CIB

Empowering local communities and driving social development

 

The social and economic impacts of this deal include job creation, community development, and tangible value chain participation for all consortium members. Further, our involvement has helped facilitate opportunities for a non-profit organisation focused on providing healthcare, education, and job creation to the most vulnerable communities of South Africa.

'This isn’t just a transaction – it’s a meaningful step forward in empowering communities and advancing shared value creation.'

Nelson de Bastos, Senior Associate in Corporate Finance at Nedbank CIB

Nedbank CIB: Committed to leading in the TMT sector

 

At Nedbank CIB, we remain committed to connecting clients with local opportunities, leveraging our expertise to lead acquisition and consolidation opportunities in South Africa’s technology, media, and telecommunications (TMT) sector.

We are actively advancing transactions that drive transformation in South Africa.

We extend our gratitude to the team members who contributed to the successful completion of this transaction:

  •  Brad Webber
  • Warrick Haskell
  • Nelson de Bastos

 

Conclusion

 

This transaction is more than a deal – it represents our vision of a South Africa where empowered communities and strategic investments drive sustained economic growth. At Nedbank CIB we’re excited to play a role in transactions that align with our mission and South Africa’s future. 

Nedbank CIB, an award-winning corporate finance services team, is renowned for its many accolades and formidable deal pedigree.

Nedbank CIB Corporate Finance