Eskom’s clean energy vision clouded by R402bn debt
“Eskom’s transition to renewable energy ‘will be difficult, if not impossible,’ without a solution to its debt woes, according to David Masondo.”
Futuregrowth Asset Management
Olga Constantatos of Futuregrowth on David Masondo’s controversial debt-for-climate-swap proposal
Olga Constantatos of Futuregrowth discusses David Masondo’s controversial debt-for-climate-swap proposal and what this could mean in respect of Eskom’s debt.
Investors in the dark as Eskom bond yields drop on Ramapower
As speculation swirls about plans to deal with Eskom’s crippling debt load, one group of stakeholders hasn’t been consulted: owners of the company’s R243bn of bonds.
Futuregrowth says governance improvements key to SANRAL funding
Futuregrowth has concluded its governance review of SANRAL and funding decisions will be guided by key recommendations.
Futuregrowth’s about turn – lifts funding suspension to Land Bank
The Land Bank was one of six state-owned companies that Futuregrowth said last month it would stop funding due to concerns about how they are being run.
Another lender publicly follows Futuregrowth lead; many more do so secretly
Abax Investments has “significantly reduced” the level of bond purchases in state-owned South African companies over the past three years because of concerns over credit worthiness.
Futuregrowth AM bags 2016 bond manager of the year award
Futuregrowth Asset Management won the 2016 Bond Manager of the year at the 7th annual Imbasa Yegolide Awards for Professional Excellence.
African Bank: How we managed the collapse
An excellent article for our Thought Leaders section on how Futuregrowth managed to help its clients when African Bank collapsed, including lessons learned and what to do when investing in a bank.
Electricity: Renewables now cheaper than coal, but not forever
In this focused discussion on renewable energy, Paul Semple of Futuregrowth explains why his company has lent more than R4bn to 19 South African projects – and explains why renewable energy will deliver cheaper electricity into the national grid than Eskom’s new coal-fired power stations. But he frets that this is the trough for renewable … Read more
Andrew Canter: Capitec is OK – insights after Abil, SA bank downgrades
Here at Biznews.com we’ve been paying attention to the collapse of Abil and subsequent fallout. One of the leading commentators has been the articulate, insightful Andrew Canter (right). He is the CIO of Futuregrowth, a business which focuses on the bond market, the area where Abil’s greatest exposure lay. Some months back Andrew was one … Read more