Fu­ture­growth re­sumes debt trad­ing

The Star Early Edition - - COMPANIES -

THE SA NA­TIONAL Road Agency (San­ral) has wel­comed the de­ci­sion by as­set man­age­ment com­pany Fu­ture­growth to re­sume trad­ing in the agen­cies’ debt in­stru­ments. Fu­ture­growth had de­cided in June last year to stop trad­ing in San­ral debt in­stru­ments and had sus­pended any ad­di­tional loans to some of South Africa’s largest state-owned en­ter­prises (SOEs). It said at the time that the de­ci­sion was driven by grow­ing con­cerns about the gover­nance and de­ci­sion struc­tures of the SOEs and would re­main in place pend­ing a review of these loans. Inge Mul­der, the chief fi­nan­cial of­fi­cer of San­ral, said that Fu­ture­growth had de­cided to re­turn to a po­si­tion where it in­vested in San­ral debt in­stru­ments fol­low­ing an in­ten­sive process of con­struc­tive en­gage­ment be­tween the two com­pa­nies. – Roy Cokayne

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