Magnus Heystek: Why I am investing in South Africa again

Loading player...
Investment strategist, Magnus Heystek, who is well known for his brutally straight forward views on the economy, has become a cautiously optimistic man. In this interview with BizNews, he shares the positive signs he has picked up from following all the economic indicators - and lists the priorities that remain to prevent a return to the edge of the abyss. “…after 10 years of saying things are bad, I'm saying things are starting to look generally a little bit better, provided the Government of National Unity sticks to its task and manages to cobble a coalition together and do the right things.”  However, he adds this warning” “The danger is, of course, that there's a political fallout as some people have predicted, and the new government falls apart, then the risks are all back on the table.” Meanwhile, he has already invested in more property in South Africa…
9 Jul 2024 7AM English South Africa Investing · Business News

Other recent episodes

BN Daybreak: Amazon beats Starlink; PIC's Lanseria crisis; Netflix's slowdown; AI's big margins

In today's BizNews Daybreak we dive into Amazon's quiet maneuver past Starlink into South Africa's satellite internet market via Herotel. We also examine the Public Investment Corporation's escalating governance crisis over the Lanseria Airport transaction, alongside policing gaps fueling local pharmaceutical drug crimes. Internationally, we cover SpaceX’s scrubbed Starship launch,…
16 Jul 11PM 15 min

The R3.5 trillion crisis: Why the PIC is under fire

South Africa's Public Investment Corporation is facing its biggest governance crisis in years. With CEO Patrick Dlamini suspended, senior executives resigning, and the Financial Sector Conduct Authority launching a formal investigation, questions over transparency, accountability, and the safety of government workers' pension funds are mounting. DA finance spokesperson Dr Mark…
16 Jul 8AM 34 min