Mining Sector Dominance: Mining leads South Africa's M&A activity in 2024. BHP's $49.8 billion bid for Anglo American highlights copper's valuable role in SA's renewable energy and electric vehicle production. And while this deal fell through in May of 2024, it seems like it might be back on the table again as BHP looks to swap shares with Anglo, while Anglo would then need to spin off its holdings in Anglo American Platinum and Kumba Iron Ore.