SA’s investment graveyard vs the world; plus weekend listening treats
Now that the South African economy has gone off a cliff, with a plunge of more than 50% in Gross Domestic Product in the second quarter and many companies in trouble, is it a good time to start hunting for bargain stocks on the Johannesburg Stock Exchange? Or, should you take the depressing confirmation that a strict Covid-19 lockdown exacted a heavy price as another signal it is time to get more, or all, of your money offshore?
Today's BizNews Finance Friday hosts two investment experts with insights on domestic opportunities as well as how to navigate financial terrain offshore. Deon Gouws is the London-based chief investment officer of Credo Wealth, and a former CEO of RMB Asset Management. You may also recall that he wrote a bestseller on match-fixing in South African cricket (And nothing but the truth?).
Gouws is joined by Dawn Ridler, a fiercely independent advisor with a science background and a unique approach to assessing the personal finance landscape through a lens of biology. Ridler, who has an MBA and financial planning qualifications, is a popular contributor to the BizNews Thought Leadership section and isn't afraid to speak her mind about the risks and rewards of the products, providers and asset classes available to you.
– Here's the registration link: https://attendee.
PS: Lots of weekend listening ready for you to download from BizNews Radio. The Alec Hogg Show features some of South Africa's most remarkable citizens, including PANDA's Nick Hudson, Tasha's founder Anastasia Sideris and super-sleuth Paul O'Sullivan. On Inside Covid-19, you can hear directly from SA and world medical specialists on developments and forecasts on the pandemic, including:
- Dr Ryan Noach, Discovery Health CEO;
- University of the Witwatersrand vaccinology specialist Professor Shabir Madhi;
- Professor Christophe Fraser, of the University of Oxford, the man who advised the South African and British governments on the Covid-19 contact tracing app;
- Stellenbosch university's Professor Wolfgang Preiser, virology expert on diseases that jump from animals to humans; and
- Health economist Dr Lawrence Roope of the University of Oxford about who will get the vaccines first.