Andrew Canter: State trying to screw billions from us, other ACSA co-owners

Loading player...
One has to turn back the clock to the 1990's when the South Africa government was looking to privatise assets. One of the units they sold stakes in was the Airports Company of South Africa. During the sale a 4 percent minority stake was taken up. Fast forward 20-something years and given ACSA's failure to list, the minority shareholders have no way of exiting the investment. Futuregrowth's Andrew Canter are part of the minority and are in negotiations with ACSA to sell the stake but price is a major stumbling block. ACSA have upped their offer to R12 per share, which Canter says is well short of the 11 times Enterprise Value of R94 per share. The next step will see both parties go to court. It's a fascinating story and Alec Hogg caught up with Canter to get more details. Learn more about your ad choices. Visit megaphone.fm/adchoices
12 Nov 2015 12AM English South Africa Investing · Business News

Other recent episodes

BN Daybreak: Apple earnings; Amazon AWS; RMB housing; Anglo’s SA exit; Tesla China sale

Today's BizNews Daybreak covers Apple's quarterly results, Rivian's SUV success, and Anthropic's AI breach, alongside a semiconductor rally driven by Microsoft and Oracle. Football federations oppose FIFA selling World Cup stakes, while Donald Trump claims a Gaza disarmament agreement. Meanwhile, Alec Hogg discusses Anglo American’s South Africa exit, RMB launches…
30 Jul 11PM 14 min

Cityboy: How psychopaths win big in business, politics - but lose in life

A former top-ranked City of London stockbroker has written a manual for winning at business, politics and life. There's just one catch: to follow it, you'd have to think like a psychopath. Geraint Anderson, the man behind the legendary "Cityboy" column, tells BizNews editor Alec Hogg why he built his…
30 Jul 9AM 32 min

R1-billion blended finance programme to transform real estate

In this interview with Chris Steyn, Alessandro Scalco of RMB Sustainable Finance shares the details of a R1 billion Blended Finance Programme to formalise and scale South Africa’s burgeoning affordable rental market. Rand Merchant Bank (RMB) has partnered with INDLU, a property financial technology company that empowers landowners to build,…
30 Jul 6AM 15 min

BN Daybreak: Ramaphosa interdict bid; Fed holds rates; Fauci's Fifth Amendment; Zambian kwacha

In today's episode, the Fed leaves interest rates unchanged amid a fractured vote and market sell-offs. Locally, four parties are challenging President Ramaphosa's impeachment interdict, while Treasury controversially releases funds to 69 failing municipalities. We also cover Dr. Fauci invoking the Fifth Amendment regarding the Covid-19 response, Zambia's kwacha surging…
29 Jul 11PM 16 min