Investment experts have warned that it may be the first step on a slippery slope of prescribed assets.
Futuregrowth Asset Management said it didn’t tell Transnet to remove CEO Siyabonga Gama after the state entity said auditors couldn’t give its 2018 financial results a clean bill of health.
Read the full letter from Futuregrowth Asset Management to the SA National Roads Agency on its governance review.
Winning back the public’s trust is but one of many challenges facing the new Sanral CEO. But is he up to the task?
Futuregrowth has lifted its funding suspension on a third state-owned entity, the Development Bank of Southern Africa has revealed.
Futuregrowth Asset Management has suspended funding to the coal industry in order to be “on the right side of history", says chief investment officer Andrew Canter.
Why not partially privatise the commercially orientated state-owned entities and make them more efficient, asks UCT's Professor Mark Ellyne.
SPONSORED: Given the lead time for rolling out new sources of energy generation (at least 10 years for nuclear) it is critical that the IRP 2010 is updated soon.
Futuregrowth has conceded it should have consulted with the state companies before going public about withdrawing funding to them, but it says it stands by the decision.
It's regrettable that Futuregrowth went to the media about its SOE funding decision, says the Association of Savings and Investment SA.
Investors have a key role to play in protecting the governance of state-owned entities in SA, says Andrew Canter, chief investment officer of Futuregrowth.
Futuregrowth Asset Management may start lending again to the SA National Roads Agency after a ban which lasted almost a year.
The Competition Commission has thrown out a complaint by Mzwanele Manyi's Decolonisation Foundation involving Futuregrowth Asset Management.
Futuregrowth has flagged a concern regarding the Development Bank of South Africa relating to a business unit head that is related to a politically exposed person.
Futuregrowth Asset Management has lifted its lending suspension against the state-owned Industrial Development Corporation.
FutureGrowth, which said it would stop funding SOEs this month, could do an about-turn amid ratings agency jitters.
Abax Investments, which has reduced bond purchases from state-owned enterprises, will not follow in the footsteps of Futuregrowth to withdraw funding.
Futuregrowth CIO Andrew Canter has made a conciliatory statement and says he would just like things to calm down.
Public enterprises minister Lynne Brown's scheduled meeting with Old Mutual and Futuregrowth has been moved to a later date.
Six of South Africa’s largest state-owned enterprises (SOEs) risk having to pay more to borrow money, after the country’s largest and most influential buyer of their bonds said it would avoid investing in them.
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