The Actis-led private equity consortium bidding for South Africa's leading pension consultancy has increased its offer by nearly 5% to 8.1bn rand (€873m), in what could be one of the country's largest buyout deals on record.

The consortium, led by UK emerging markets buyout group Actis, has increased its offer from 16.25 rand a share, to 17 rand a share, the company said in a statement to the Johannesburg Stock Exchange.

Actis ups bid for South Africa pension firm

Mark Cobley

Consolidated Stores

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

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Demand is up for private aviation, the luxury that separates the 1% from the 0.1%.

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