A SMALL CIPC-registered private company, HoldSA, has applied to the High Court in the Western Cape to have money manager Andrew Canter declared a delinquent director.
Canter is the chief investment officer at Future Asset Management. He has served his time on many boards of directors. Over the years, Futuregrowth has grown into a fixed-interest, responsible investor and developmental investor management company, with portfolios ranging from infrastructure bonds to agriculture portfolios.
The legal action pertains to Canter’s tenure as director of a small farming operation, Safe Farming Ventures (SFV), which was a producer, wholesaler and distributor of citrus fruit and table grapes. HoldSA was a 50% shareholder, and Old Mutual Life Assurance Company (OMLACSA) owned the other half. Futuregrowth was managing the investment on behalf of OMLACSA.
According to the court documents, Canter was appointed as director of SFV in July 2019 but resigned at the end of January 2021. In his
