Futuregrowth Says It Didn’t Tell Transnet to Remove CEO Gama
JOHANNESBURG (Capital Markets in Africa) – Futuregrowth Asset Management, South Africa’s biggest specialist fixed-income money manager, said it didn’t tell Transnet SOC Ltd. to remove Chief Executive Officer Siyabonga Gama after the state-owned rail and ports operator said auditors couldn’t give its 2018 financial results a clean bill of health. “The Futuregrowth team has had continuing engagements as a lender to Transnet over many months,” Chief Investment Officer Andrew Canter said in an emailed statement late Monday. “Those discussions…
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