Transnet a hard sell in its current form, top asset manager says
Futuregrowth believes it will be difficult to make a business case because the route to sustainability is unclear
31 October 2023 - 05:00
Futuregrowth Asset Management says it is difficult to make a business case for Transnet in its current form, warning that the turnaround plan outlined by the board last week is likely to fall flat if the impasse over locomotives is not resolved.
The asset manager, one of SA’s biggest institutional investors in the bond market, said some of the targets in the blueprint are ambitious...
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