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As COVID-19's impact has been felt by companies large and small across the globe, a new acronym has emerged as a result, EBITDAC - the normalised earnings calculated before Interest, Tax, Depreciation, Amortisation, and Coronavirus.
There are many similarities between owning a business and owning a classic car, they take time to build or acquire, have personality, and generally represent a sizeable investment and very personal commitment.
Benchmark International successfully facilitated the acquisition of Local Bulk Haulage (PTY) LTD by Leopard Line Haul (PTY) LTD Trading and Elite Line Haul. Founded in 1995 by Peter Scholtz and Len Pretorius, Local Bulk Haulage (PTY) LTD is a logistics company delivering specialised primary chemicals and liquid bulk commodities from the point of supply to the end-user effectively and efficiently.
Benchmark International Has Successfully Facilitated the Transaction of Aquatic Foods (PTY) LTD and National Foods (PTY) LTD to Econo Foods Holdings (PTY) LTD. Aquatic Foods (PTY) LTD was established in 1996 to service leading restaurants, hotels, caterers and wholesalers by supplying live, fresh and frozen seafood on demand. After securing a broad customer base in South Africa and earning a reputation as a reliable and sustainable supplier, Aquatic Foods (PTY) LTD made the decision to expand their product offering to existing customers, using their established distribution network.
Benchmark International is proud to be a part of the 2019 OCFO Founders Conference, taking place on November 7th at the Ideas Cartel in Cape Town during Global Entrepreneurship Week.
Benchmark International’s South African office has experienced a sharp increase in deal flow and activity. The company reports having received 51% more non-disclosure agreements from interested parties and a 71% increase in the number of offers received for client businesses than in the corresponding period last year.
Dustin Graham, Managing Director was interviewed by Business Day TV in South Africa, on “How to Value Your Business”. Business Day TV is broadcast to over 10-million viewers in 9 countries across Southern Africa. It is one of three TV stations owned by The African Business Channel.