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: US strikes on Iran lift oil; NATO deals, SA auto subsidy; Farage quits

In today’s episode, we cover the surge in oil prices following US airstrikes on Iran. We also review $50 billion in new defense deals from the NATO summit in Turkey. Locally, experts unpack the DA’s internal credibility crisis and controversial cabinet appointments, alongside the reality of South Africa's R40 billion…
7 Jul 11PM 17 min

Solly Moeng on South Africa's corruption crisis

In his latest interview with Chris Steyn, Solly Moeng, blasts President Cyril Ramaphosa for his appointments of Ayanda Dlodlo as Ambassador to France and Dina Pule to Cabinet. “...the ANC still looks in its own dustbin of people they've thrown in the past to say, OK, maybe this one, people…
7 Jul 7AM 23 min

Herman Mashaba on Johannesburg's bankruptcy and his Mayoral comeback

ActionSA president Herman Mashaba reveals what Johannesburg's current mayor told him in a private phone call about why the city can't pay its bills. He also breaks down the Cape Town mayoral race, the anti-immigrant protests spreading across South Africa, and why he won't speak to Helen Zille directly. With…
6 Jul 6AM 24 min