Abax Investments Cuts Lending to South African State CompaniesBy
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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