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Published 1 month ago

Investors flee R11bn Mi-Plan unit trust after taxi debt default shock

Summary by Ground News
Mi-Plan Enhanced Income Fund lost nearly one third of investments in February after it announced it would ringfence nearly R1 billion in debt assets exposed to Bridge Taxi Finance. The fund has generated an annual return of 8.2% versus 6.3% for the benchmark (Stefi) It has attracted over R3 billion in institutional money.

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Investors flee R11bn Mi-Plan unit trust after taxi debt default shock

Fund manager details what went wrong at Bridge Taxi …

1 month ago
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