S. Africa’s Biggest Debt Manager Halts Loans to State Firms

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  • Futuregrowth concerned by threats to Treasury’s independence
  • CIO Canter calls for improved governance, transparency

S. Africa's Futuregrowth Halts Loans to State Firms

Africa’s biggest specialist fixed-income money manager will stop lending money to six of South Africa’s largest state companies because it’s concerned about how they are being run, government infighting and threats to the independence of the finance ministry.

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