South Africa: Futuregrowth Lifts Lending Freeze On Third SOE

21 November 2016

Futuregrowth lifted its funding suspension on a third state-owned entity (SOE) on Monday, the Development Bank of Southern Africa (DBSA) revealed in a statement.

Futuregrowth, which has about R170bn in assets, took an unprecedented decision on August 31 to halt negotiations on more than R1.8bn of debt finance to certain SOEs.

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