Sanral to hold talks with Futuregrowth over shock decision
SOUTH African National Roads Agency Limited (Sanral) CEO Nazir Alli is due to start talks with Futuregrowth about the asset manager’s decision to dump state-owned entities, while Transnet said it was "regrettable" that the lender had communicated its move in the media first.Sanral is scheduled to go to the bond market next Wednesday as part of its monthly capital-raising exercise and will probably be the first test-case of how the market will respond to Futuregrowth’s shock decision.Sanral spokesman Vusi Mona said on Thursday that Alli would begin talks with Futuregrowth regarding its decision to stop lending to state-owned enterprises."We are concerned that other investors might be influenced by Futuregrowth. However, we have met other investors who expressed that they are happy to continue doing business with Sanral. Others indicated that, as long as the bonds are backed by government guarantee, they are happy to do business with Sanral," Mona said.Futuregrowth cited political unc...
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