Abax Investments Cuts Lending to South African State Companies

  • Cape Town-based investor ‘significantly’ cut bond purchases
  • Giving Zuma control of state companies to stall reforms: Abax

Abax Investments (Pty) Ltd., a Cape Town-based investor, said it “significantly reduced” the level of bond purchases in state-owned South African companies over the past three years because of concerns over credit worthiness.

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