South African Minister, Old Mutual to Discuss Funding Freeze

  • Meeting with Public Enterprises Minister and CEOs Sept. 8
  • Futuregrowth’s exposure is $703 million in Eskom and Transnet

South African Public Enterprises Minister Lynne Brown said she will meet the heads of Old Mutual Plc and its fixed-income unit Futuregrowth Asset Management on Sept. 8 to discuss the unit’s decision to halt new loans to six state companies.

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