Magnus Heystek: Why I am investing in South Africa again

Рет қаралды 34,911

18 күн бұрын

Investment strategist, Magnus Heystek, who is well known for his brutally straight forward views on the economy, has become a cautiously optimistic man. In this interview with BizNews, he shares the positive signs he has picked up from following all the economic indicators - and lists the priorities that remain to prevent a return to the edge of the abyss. “…after 10 years of saying things are bad, I'm saying things are starting to look generally a little bit better, provided the Government of National Unity sticks to its task and manages to cobble a coalition together and do the right things.” However, he adds this warning” “The danger is, of course, that there's a political fallout as some people have predicted, and the new government falls apart, then the risks are all back on the table.” Meanwhile, he has already invested in more property in South Africa…
Video production by Siziphiwe Ntlaningeshe
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Пікірлер: 82

@tearyb 15 күн бұрын

Being in the residential property industry for over 10 years, I can testify to the fact that most property has devalued over the last 10 yrs, most people are selling for less than they paid.

@nicgeld 14 күн бұрын

@@tearyb there is no way that MOST property has lost value in the last decade.

@rodtennant7603 15 күн бұрын

A lot of arrogant wealthy people comments here. Magnus is correct about the destruction of wealth and the effects on ordinary middle class and lower economic level people. He is simply saying that there are dome few positive signs that need to develop. These are indications only. There are still huge problems and great dangers ahead as well as a huge amount of fixing up to be done.

@That_investing_guy 16 күн бұрын

Still remains a great article Foreign Investment is coming back to SA, All ready seeing more Foreign bond purchases in the first half of 2024 than for the whole 2023. You have to acknowledge the positivity that the new coalition have brought forward. I don't see any factual data and progress to justify any signifiant near term growth for the JSE. Still a lot of uncertainty regarding policy's and Mid term outlook. Increase of SA holdings should be on the cards for every Portfolio.

@Phoenix_74 16 күн бұрын

A really refreshing notion to hear for a change. Thank very much!

@PeaceInAfrica 16 күн бұрын

Always great to hear insights from Magnus.

@irenemaitland9318 16 күн бұрын

We should be thanking God for His intervention in the affairs of our country. Many prayed, and God graciously answered our prayers. Carry on praying, rembering yo thank God for the blessings He provides.

@bernadetteswan6687 16 күн бұрын

I agree. Praise be to God 🙏 🙌 ✨️ ❤️

@nicgeld 16 күн бұрын

Same god who gives innocent children cancer?

@stlouisix3 16 күн бұрын

May Christ❤😊❤ continue to shew mercy

@mitchelldenysschen3224 16 күн бұрын

So God made Jacob Zuma support the MK Party but still allows innocent babies to be killed in South Africa?

@vinceroos 16 күн бұрын

There is no god. It was Zille and Steenhuisen.

@rock882josh7 13 күн бұрын

What about crime...not happening anymore in SA?

@carolphillips3182 16 күн бұрын

It is too soon 😂😂😂

@sargonlunderstedt1807 16 күн бұрын

Also snake oil cures Arthritis* T's and C's apply. Also Mauritius, also people have memories.

@bluecouchpodcast24 16 күн бұрын

WC broken away ??? How When ?

@chrundlethegreat2251 16 күн бұрын

Not officially, but they are essentially fully governed by the DA and their power and influence, along with positive results has basically turned it into a sort of "soft succession".

@velly88 16 күн бұрын

How is this fella different from a crypto trader recommending trades on KZfaq?

@phillipsugwas 16 күн бұрын

I wonder what he thinks of the upward bubble in the USA?

@Gustav_Smit 16 күн бұрын

Magnus is my idol👏👏

@ingriddenzin 16 күн бұрын

Good commentary from Heystek as always. I can't see why some people still don't want to understand his reasoning. Local bonds are doing well, I've noticed myself. Property is becoming a good option, but only in the Western Cape.

@markburn4873 16 күн бұрын

I don't get why more people are talking about Eskom being able to buy from OEMs and what difference it clearly makes

@beverleynowikow257 14 күн бұрын

I would not invest a cent in SA.

@user-po3me4gr6g 15 күн бұрын

Lol i will always respect Piet Viljoen for his stance on SA

@colinmelling 16 күн бұрын

Abyss or precipice, Magnus?

@ShaunGunter-vj2ih 14 күн бұрын

Chris, Magnus, Alec, how does one go about sending you a suggestion?

@user-mi2hg3ud9h 16 күн бұрын

But a while ago he did not want to invest in SA. Adamant that we should invest in Mauritius. He seems to change his mind as the wind blows.

@thischangeseverything972 16 күн бұрын

Mr Flippy-floppy

@elizabethtsotetsi5242 16 күн бұрын

No he's not. He understands the fact that geopolitics are key to how the economy behaves goin forward. He's a realist. And applies his mind.

@cjtannerza 16 күн бұрын

“…after 10 years of saying things are bad, I'm saying things are starting to look generally a little bit better, provided the Government of National Unity sticks to its task and manages to cobble a coalition together and do the right things.” However, he adds this warning” “The danger is, of course, that there's a political fallout as some people have predicted, and the new government falls apart, then the risks are all back on the table.”

@khongelaningobeni6614 16 күн бұрын

I think it's unwise of you to have the perception that things can't change and that people can't change their opinions according to changing conditions on the ground.

@Tinker8531 16 күн бұрын

@@elizabethtsotetsi5242 Someone who applies their mind is able to see far into the future because they study economies over longer periods, not over a few weeks.

@grantbradshaw7907 16 күн бұрын

He is a tin pot investor

@cliftonboyz1959 16 күн бұрын

Magnus…brutal…sounds like the intro to a commander

@phillipsugwas 16 күн бұрын

Pity you are late, now, you have missed the first upturn...

@roninsays 16 күн бұрын

Spoken like a true bag holder

@nicgeld 16 күн бұрын

Why on earth would you invest in SA when you can buy US securities in dollars?

@gatshenindlovu8224 14 күн бұрын

The big ship is sinking, there's a new kid on the block and that is BRICS.

@nicgeld 14 күн бұрын

@@gatshenindlovu8224 sinking how? Their stock market is at an all time high and they haven't even started with rate cuts yet.

@JosiahManganyi-xs8bi 15 күн бұрын

Of course you invest where you get profit!Simple!But government must fight criminals who are destroying our economy!Crime and killings is also high in USA but still investors are still investing!

@philkcon 14 күн бұрын

No way - too many criminals in parliament. CR made sure he would have them in his cabinet!!!!

@leonvanrooyen6904 16 күн бұрын

I think it is time to buy in Joburg and you get good value for money and if things improve your investment should be good. Affordability is not a result of interest rates it is a cost of living crisis caused by covid lockdowns and mass printing of money. Magnus will not accept he is wrong about lockdowns and the fiat system.

@steveleroux6116 16 күн бұрын

Flip flops haystack sits on the fence

@johnlighton7025 16 күн бұрын

Maybe you can offer Magnus some of your intelligence on investing? I will listen on the radio

@robertabrahams7593 16 күн бұрын

That's why he can afford Mauritius. Man, what a loser. That's the way I'd like to " lose " some day.

@vinceroos 16 күн бұрын

Imagine an investor who doesn't change his strategy.😂 Magnus fortunately does

@MusehanaH 14 күн бұрын

All investors are flip-floppers by design. If you aren't a flip-flopper, you are not an investor 🤷‍♀️

@WNdaba 13 күн бұрын

It's because he is gonna make money not because he loves the people of the country. He may be an investor, but in other bigger economies he becomes insignificant🤷🏾‍♀️🤷🏾‍♀️🤷🏾‍♀️Acting big in a small town

@enterprisefire8307 16 күн бұрын

You simply cannot go wrong with S&P 500 & MSCI as part of an offshore portfolio. Many of us have our pensions &RA's locked into SA funds due to reg28, so a bit of local and a bit of offshore is probably the way to build some wealth!!

@markmjb5869 13 күн бұрын

The reason for the Eskom improvement is that the massive stealing has been hauled , they are afraid of being brought to justice by the DA. Now we will see massive improvements in all state owned entities. 🤗

@zeed5764 10 күн бұрын

It's actually the private sector - 6MW of solar installations - which has shielded Eskom from 6 stages of load shedding. And this will continue because it has become cheaper to produce your own electricity. Also, the mines haven't been as active lately, so that has reduced demand. I do think that Eskom had gotten rid of some of the rot though.

@GaragePie22 16 күн бұрын

JSE very cheap now, right at the bottom! Invest now before you've missed the boat! SA is gonna boom in the next few years!

@nicgeld 14 күн бұрын

@@GaragePie22 what are you talking about? It is literally at an all time high.

@GaragePie22 7 күн бұрын

He's been dishing out property investment advice for years without understanding property investment at all.

@markparfett5380 16 күн бұрын

Common Magnus. I know none of my lower middle to middle class friends, family, associates and business clients that have moved to one car. You make it sound like it’s prolific. Don’t diminish your voice with BS!