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Futuregrowth scoops up three Imbasa Yegolide Awards

09 February 2018Futuregrowth Asset Management

Futuregrowth Asset Management was voted Bond Manager of the Year, Responsible Investment Manager of the Year and Alternative Asset Class Manager of the Year for 2018 at the Annual Imbasa Yegolide Awards held in Johannesburg last night.

Nominated by the retirement fund industry, the awards aim to reward professional excellence by recognising service providers who have given exceptional service to retirement funds.

Futuregrowth Managing Director Paul Rackstraw said the company was extremely proud to be the recipient of these three awards. “We are thankful to Batseta for recognising the critical importance of taking a responsible approach to the allocation of capital in markets. As a house, we will continue to promote the improvement of bond market standards and will work closely with industry bodies and entities we invest in to improve governance for the benefit of our clients and the country as whole.

”At Futuregrowth we believe that managing funds that make a difference to people’s lives, giving both financial and social returns, is crucial for the betterment of South Africa.”

The Imbasa Yegolide Awards are run by Batseta, a professional industry body representing retirement funds, trustees, and principal officers.

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QUESTION

There may be a shock on the cards on 21 Feb when the Finance Minister announces that there will be a 2% VAT increase. What effects will this have?

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It will generate the much needed tax revenue that government needs to address its widening budget deficit. It’s a good choice.
It will weaken the ANC. They rely on the poor vote and the poor will be most affected by the VAT increase. The ANC must tread carefully here.
There will be little change. It is just more money for government fat cats to pocket.
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