Local v Offshore Challenge: Gap closes but both Magnus and Piet say SA shares now super cheap

A collapse in the Rand and a sharp fall in local asset prices brought the contestants in the R1m Local v Offshore Challenge much closer together. But 18 months into the five-year competition, Piet Viljoen’s portfolio still has a handy lead (R550 000 v R450 000), and he says the JSE’s selloff has made high-quality SA shares very attractive. They are so cheap that even Magnus Heystek, his rival, reckons it’s worth buying them. They spoke to Alec Hogg of BizNews. Learn more about your ad choices. Visit megaphone.fm/adchoices