Transformation concern costs Futuregrowth investment from Eskom’s pension fund
04 September 2016 - 02:03
Concern about slow transformation at Futuregrowth Asset Management, which this week pulled the plug on new loans to state-owned enterprises, led Eskom's pension fund to withhold further investment from the fund manager, CEO Sbu Luthuli said this week.The Eskom Pension and Provident Fund, which manages more than R130-billion for Eskom staff and pensioners, declined to invest R100-million in Futuregrowth's Development Equity Fund III, which invests in infrastructure and renewable energy, in the fo...
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