Magnus Heystek: Why I am investing in South Africa again

BizNews Radio

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…