Futuregrowth

How SA can avoid another notch slide to a “Junk” credit rating

The South African financial sector is painfully aware that the country’s global credit rating is dangerously close to dropping to “Junk” status. In this insightful discussion, Futuregrowth’s Wikus Furstenberg explains to Alec Hogg why there’s been such a precipitous slide in recent years.

Higher taxes coming – rich being targeted

South Africa’s Treasury is walking a fiscal tightrope, says Futuregrowth’s Wikus Furstenburg, which means there is a good chance of significant tax increases in October’s Mini Budget – if not then, definitely next February. And with the Davis Commission having opened the door for a step change in the State’s tax take, politically vulnerable groupings, … 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

UPDATED: 36One’s JP Verster – Why Abil shares are worth zero.

In our coverage of the Abil saga the most popular article was the interview with Jean Pierre Verster of 36One, whose “shorting” of the shares delivered a R100m profit for his investors. In that interview, Verster mentioned that he was still short of Abil shares at 31c – and delighted to be in this position. … Read more

Harbinger Andrew Canter unpacks Abil’s collapse: Disastrous management

A year ago Futuregrowth CIO Andrew Canter raised the ire of Abil’s executive management by publicly criticising the bank’s operating methods. Although he lightened his fund’s holdings, the lack of liquidity in local Abil bonds meant Futuregrowth was unable to completely eliminate its exposure – is still suffered losses, although far lower than most other … Read more

SA economy in danger of missing global upswing – but it’s not too late

During the tough times, things are never quite as bad as they are painted. But living in the middle of it,  one sometimes needs a voice of reason to provide perspective. In this special podcast, Futuregrowth’s Zain Wilson plays part, offsetting the deepest concerns of pessimists without becoming a senseless Pollyanna. So, yes, we’re technically … Read more

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