Futuregrowth resumes lending to Land Bank (ban on other SOEs remains)

This suggests the Land Bank is above board in its dealings.

Dr Azar Jammine

It’s interesting that Futuregrowth hasn’t lifted its ban on the other SOEs.

Dr Azar Jammine

Futuregrowth Asset Management has cancelled its suspension of lending to the Land Bank with immediate effect.

The asset manager suspended lending Eskom, Transnet and four other parastatals at the end of last month.

The ban of the other five state owned enterprises (SOEs) remains in effect.

Ray White (in for The Money Show’s Bruce Whitfield) interviewed Dr Azar Jammine, Chief Economist at Econometrix.

Listen to the audio below for more detail.

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Article brought to us by Old Mutual.

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