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

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.