
Magnus Heystek lets rip on the Reg 28; Melanie Veness wants retribution for PMB; Dark Media with Jeremy Maggs
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In this episode of the BizNews Power Hour, independent financial advisor Magnus Heystek lets rip on the destructive Regulation 28 agreement between SA asset managers and Treasury, which forces South Africans to invest 70% of their retirement funds into local institutions. The law has cost SA retirees dearly as the local economy staggered under mismanagement, corruption and a socialist yoke - with global investments vastly outperforming their local alternatives. Also in this programme, PMB Chamber of Business CEO Melanie Veness sets the record straight for the revisionists trying to gloss over what happened in the epicentre of July's riots - and urges politicians to speak up and punish the perpetrators. Plus Jeremy Maggs talks to Y&R's Matthew van der Valk about the art of Dark Marketing.