Dr Doom no more: Magnus Heystek defends his track record and warns of SA’s wealth destruction - BNIC#2 Q&A

At BNIC#2 in Hermanus, Brenthurst Wealth founder Magnus Heystek rejected the “Dr Doom” label, describing himself as “realistically honest” about South Africa’s economic trajectory. He warned that trillions have been wiped out through municipal collapse in the country’s northern regions, even as the Western Cape attracts wealth through governance and lifestyle appeal. Heystek argued that only a radical policy reset — restoring property rights and pro-business confidence — could bring offshore wealth back. On investment strategy, he pointed to agriculture, tourism, Cape property, gold, and Japan as promising areas, while stressing the importance of knowledge, long-term discipline, and not succumbing to market doomsayers.

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