The Meridian

SGB-SMIT Power Matla business rescue and sale to ACTOM

SGB-SMIT Power Matla business rescue and sale to ACTOM. Value not disclosed in the source. Award: DealMakers SA Business Rescue & Turnaround Pick of the Best 2025. Sale included the Pretoria and Cape Town factories; c.230 jobs preserved; ACTOM becomes the largest transformer manufacturer in Africa; the IDC participated as senior secured creditor. Local advisers…

SGB-SMIT Power Matla business rescue and sale to ACTOM.

Value not disclosed in the source. Award: DealMakers SA Business Rescue & Turnaround Pick of the Best 2025. Sale included the Pretoria and Cape Town factories; c.230 jobs preserved; ACTOM becomes the largest transformer manufacturer in Africa; the IDC participated as senior secured creditor. Local advisers per DealMakers: Engaged Business Turnaround, RSW Consult, Webber Wentzel, CMS and Vani Chetty Competition Law.

The Meridian Editorial Team

Andrew U. — Editorial Director | Damilare A. — Intelligence Director | Amaka Nwoye — Senior Legal Research Analyst | Salome Mensah — Market Intelligence Analyst | May Ndlovu — Editorial Researcher | K.K. Lawal — Senior Correspondent | The Meridian’s editorial team brings experience across West African legal markets, commercial law, market intelligence and structured research. Our standard is simple: evidence first, independent judgement, and analysis grounded in how legal work happens in practice.

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