Magnus Heystek: Allan Gray warning of SA death spiral – what it tells us about JSE (Premium)

Magnus Heystek is a former award-winning personal finance journalist who built investment boutique Brenthurst Wealth Management from scratch. It has at least R8bn in assets under management and offices in South Africa and Mauritius. Heystek still uses his considerable writing talents to demystify financial issues and shine a light on important developments that impact on your wealth-building efforts. In recent years, Heystek has been highlighting the benefits of investing offshore and warning of the perils of keeping all your funds in South Africa – a position that has created enemies and critics. But, as the Johannesburg stock exchange takes on the appearance of an 'investment graveyard', Duncan Artus – new chief investment officer of the country's largest private asset manager, Allan Gray – is singing from the same hymn sheet. – Jackie Cameron

Allan Gray breaks ranks

By Magnus Heystek*

It's not easy being a fiercely independent advisory company in a country where the investment narrative, via the media and advertising channels, is dominated by very large and well-funded investment companies.

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