WATCH: Futuregrowth on the consequences of its controversial SOE decision
Late last year Futuregrowth announced that it would freeze R1.8bn worth of funding to some state-owned enterprises (SOEs) because it was concerned about the governance, decision-making and independence of SOEs.
The asset manager’s announcement shocked the market and it later reversed its decision partially after engaging with some SOEs.
Chief investment officer Andrew Canter talks to Business Day TV’s Alishia Seckam about what has happened since last year’s announcement.
At the time Canter said: “I’m an asset management guy. I really have no place getting involved in politics — this was never our intention but some interpreted it that way. We had no idea of the unanticipated and unintended consequences. Right now, we’d just like things to calm down.”
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