LATEST ON BIZNEWS RADIO (on iTunes): ‘The ANC breaks everything it touches’ – Nqaba Bhanga (Click here for Spotify)
LATEST ON BIZNEWS.COM:
- Sabotage and spying bring Eskom to its knees and leaves South Africa in darkness
- Q&A with Piet Viljoen on performance fees, his bundle of twigs investment method and Magnus Heystek
- DA Shadow Minister on party’s Covid-19 vaccination stance, ANC’s pandemic response and NHI
- SAA at a crossroad
- Eskom CEO de Ruyter’s car bugged
- ‘The ANC breaks everything it touches’ – Nqaba Bhanga
- BOSA must lay out its blueprint
- Coalition government depends on integrity – John Steenhuisen
- Rare opportunity to smash inflation with yield
- Musk unveils Tesla bot Optimus
- Are we close to the bottom of the cryptocurrency market?
- How Chris Pappas turned uMngeni around
- Hersov’s formal Right of Reply to News24: I won’t stop calling out ANC
- Financial Times perspective: Five lessons from Britain’s bad week (Premium)
- Boardroom Talk: Palantir (+5%) bucked Nasdaq’s September slide (-10%). Here are reasons why. (Premium)
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After winning the ANC’s elective conference in December 2017 and assuming leadership of the country a few months later, Cyril Ramaphosa was roundly provided benefit of any doubt. By many South Africans, desperate for a change from the plundering Zuptas and even the global investment community.
Like a woman scorned, however, in the financial markets there’s little to compare with the fury of one whose hopes have been dashed. That sad fact is illustrated by the massive outflow of capital from SA’s equity and bond markets in the Ramaphosa Era.
Ramaphoria’s #1 sceptic, founder of Brenthurst Wealth Magnus Heystek, yesterday emailed me this sobering graphic (below). It tracks the capital inflows (early 2019) and outflows from SA’s investment markets since 2019. Bottom line: Total net investment capital exported by foreign investors since CR took the helm now exceeds R1trn.
As Magnus put it: “Goeie bliksem…that’s a big number.” Quite.
In this question and answer session from BizNews Conference #4, Piet Viljoen discusses his investment portfolio method of tying a number of stocks together to create a stronger bundle. He gives his opinion on funds with performance fees and how his fund is faring in the local vs offshore investment competition with Magnus Heystek.
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