Previous Episode: Futuregrowth IS developmental investing at its best.
Bond specialist Andrew Cantor, chief investment officer at Futuregrowth, explains why foreigner investors panicked at the firing of Finance Minister Nhlanhla Nene - and how confidence built up over 20 years wan be destroyed virtually overnight. Canter worries trust in the fiscal prudence of the SA Government has been broken, so potential investors will now "think twice" about South African assets. But the good news is these events prove democracy is alive and well in SA, with the public outrage forcing a rapid reversal of President Jacob Zuma's decision, something which Canter says was welcome but unexpected.