Premium: When Cy Jacobs met Markus Jooste – his inside track on spotting fraudsters

START YOUR MORNING BY LISTENING TO TODAY'S BIZNEWS BREAKFAST BRIEFING PODCAST: BBB Ep30: Markets react to US job numbers; Cloudflare rallies 27%; Uber making more money than ever, Apple is in hot water.(If you're struggling to access BBB via Spotify or iTunes, an audio-only version is also available on YouTube. Click here). .___STEADY_PAYWALL___.When SA's quiet investing genius Cy Jacobs agreed to deliver a keynote (and debate Piet Viljoen) at BNC#4, it made my week. He keeps a relatively low profile. While well respected in his industry, Cy's name is not up in lights outside it. .Those in the BizNews tribe who haven't yet come across the co-founder and investment chief at 36ONE (AUM: R33bn) are in for a treat. He's my favourite kind of person – a straight talker with a rational mind. We've just uploaded an appetiser on BizNews TV – the recording of Friday's in-studio interview. Click here to watch. .There's plenty of meat in the discussion. Highlighted by his fascinating insights into former Steinhoff CEO Markus Jooste, starting 17 minutes in. Cy, a chartered accountant, enjoyed an inside track having once been audit manager at JD Group, one of Jooste's many acquisitions with fraudulently inflated shares..He approached Jooste at the group's results presentation and, in contrast to most of us, quickly saw through SA's biggest ever con man. I won't spoil the story. Except that it confirms how sociopaths are everywhere, some occupying corner offices at 'respectable' corporations. Lest we ever forget. .More for you to read today: .The ANC is out of touch. William Saunderson-Meyer says Ramaphosa sung from the RET hymn sheet at the ANC's national policy conference.Investors Brace for More Market Volatility as Earnings Estimates Slump. Stock market again at risk of appearing expensive, even after this year's tumble.20 Ideas for Adjusting Your Stock and Bond Portfolio. Stocks are down, inflation is high and a recession may be looming. We asked financial experts what investors should do.Russian Aggression Brings High Anxiety to Strategic Sliver of Europe. NATO is concerned about the Poland-Lithuania border region between Kaliningrad and Belarus; 'What comes in the near future, who can say?'.WATCH: Cy Jacobs is among a handful of investment managers who consistently attract South Africa's smart money. An all rounder, his company 36ONE runs hedge funds and unit trusts, takes long and short positions, invests locally and offshore. With a 15 year compound annual growth rate of 16%, an investment of R1m in 2006 in its flagship SNN Q1 Hedge Fund has grown to R11m today. In this interview ahead of Jacobs' keynote presentation to BNC#4, the ace money manager shares his investment strategy – and gets into specifics on Naspers and Absa. An investing masterclass from a professional at the top of his game..NB FOR YOUR WALL STREET JOURNAL ACCESS….As a Premium subscriber you are entitled to full membership of wsj.com (normal price $29 a month). Be sure to action your access through the Premium link on the BizNews website. Because of The Wall Street Journal's credential requirements, be sure to create a password which has at least 8 characters and includes at least one letter and one number – NB it MAY NOT contain any special characters (ie #, !, @ etc). To maintain access to WSJ.com, you MUST enter our partner's website via Biznews Premium at least once a month. A final PS, if you had previously signed up for WSJ you'll need to clear the cookies from your device. Our helpdesk can assist – support@biznews.com.

Premium: When Cy Jacobs met Markus Jooste – his inside track on spotting fraudsters

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