I had resisted all temptation to write about what I thought was really at play when Futuregrowth decided to stop lending to six state-owned entities. That was until this week's statement by the Land Bank and the asset manager that they had kissed and made up. If you have been married for as long as I have, you will know that when you are unhappy with your wife, you speak to her about it, not the neighbours, and certainly not your family or, worse still, hers. You see, your wife may later forgive your little tantrums and warmly take you back. But your family, and most certainly her family, are not likely to forget. They won't remind you about it at every family braai, but there will be consequences that you cannot undo for a very long time. Don't be surprised when you catch your father-in-law staring at you from across the room, slowly shaking his head at you in disbelief and dismay. In its purest form, an asset manager being concerned about the governance or performance of his clien...
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