This site requires JavaScript to be enabled. Please enable JavaScript in your browser settings, or upgrade to a modern browser.

BNC#5: Brutally honest Magnus Heystek's: Fresh reasons why you MUST move your money away from South Africa

Loading player...

Over the past decade, independent financial advisor Magnus Heystek has very publicly delivered a consistent message - Move your money outside of South Africa. He has been spot on. As a result, clients at the company he started, Brenthurst Wealth, have profited as misgovernance hammered the Rand and rising global investment markets also far outperformed the JSE. In this powerful keynote to the 5th BizNews Conference at the Drakensberg Sports Resort, Heystek re-iterated his message, providing fresh evidence to support his argument that it's unlikely there will be a reversal of the trend anytime soon. Learn more about your ad choices. Visit megaphone.fm/adchoices

15 Mar 2023 11AM English South Africa Investing · Business News

Other recent episodes

The NdB Sunday Show | What Cyril knew before the Mkhwanazi presser…

In this edition of the NdB Sunday Show, Chris Steyn and independent intelligence analyst Jasmine Opperman talk about testimony at the Madlanga Commission of Inquiry that - six days before whistleblowing General Nhlanhla Mkhwanazi called his bombshell press conference - President Cyril Ramaphosa had a verbal intelligence briefing in which…

15 Nov 7AM 34 min

Ricardo portfolio update: Berkshire Hold, Vistra Buy, and five SA shares to accumulate

Yesterday was Friday the 13th. The Ricardo portfolios don’t do superstition. We do cash flow. And this week, a lot of that cash went into buying back shares. Greg Abel spent $9.6bn on Berkshire’s own stock, the clearest signal yet that Buffett’s successor thinks the shares are cheap. Vistra grew…

14 Nov 8AM 53 min

Rachel Kolisi takes Falling Forward and her message of financial independence for women to a global stage

Rachel Kolisi has spent the past few months on the road in South Africa with Falling Forward, her book and the documentary that followed. Fourteen events and more than 10,000 people later, she is taking the project to London, a move prompted by women who travelled from Europe to attend…

13 Nov 6AM 19 min

BN Edge | Piet le Roux: ICASA, Starlink and the true cost of BEE

To sell internet access in South Africa, you first have to show ICASA the race of your shareholders. Sakeliga has now taken the regulator to the Pretoria High Court, but, oddly, not to scrap the 30% black-ownership rule. Chief executive Piet le Roux told Alec Hogg why he chose the…

13 Nov 6AM 28 min

BN Daybreak: Moeng on cushioning the ANC; McKenzie on Swimming SA; Durban 50/50; Huang quits

Political commentator Solly Moeng tells Chris Steyn that voters who shut the ANC out expect ActionSA and the DA not to cushion it over personal grudges: the ANC belongs on the opposition benches. Sports Minister Gayton McKenzie calls Swimming South Africa one of the country's worst federations, says the Act…

12 Nov 10PM 17 min

All episodes