BizNews Radio

Magnus Heystek sits down with BizNews founder Alec Hogg on the final BizNews Power Hour for 2021. The hard-hitting Heystek compares the largest SA-focused equity fund within the Old Mutual stable to a US Franklin Templeton opportunities fund over the last 10 years, with more than a four-fold differential in investment performance. The Old Mutual Investors Fund managed to convert R100,000 in 10 years into less than a quarter of a million rand while the same amount invested in the Franklin Templeton US opportunity fund would equate to around R1m. South African pensioners have been at the peril of local asset managers that have grossly underperformed global equity markets, primarily as a result of the restrictions in offshore allocations allowed by Regulation 28. 

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In the final episode of the BizNews Power Hour for 2021, Magnus Heystek uses the price of a Hyundai car over the past decade to explain how SA-focused retirement savings have massively under-performed - courtesy of misguided Regulation 28 legislation; Craig Young shares the vision and development of Ingwe, an off-the-grid estate near Plettenberg Bay; Afrimat's CEO Andries van Heerden explains the rationale behind the highly rate group's latest acquisition; and media maven Jeremy Maggs chats to Vukile Zondi.

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News headlines:

*South Africa’s high court has ordered the former president Jacob Zuma to return to jail after setting aside a decision to release him on medical parole.

*Australia has lifted its ban on travellers from South Africa and seven neighbouring countries following the United Kingdom's decision to scrap its controversial red list.

*Consumer inflation soared to its highest level in more than four years in November, driven largely by rising fuel prices that have taken their toll on consumers in recent months.

Our UK correspondent Linda van Tilburg joins us with some good news: South Africa has been taken off the United Kingdom's 'red list' travel ban. The decision to move South Africa off the list was expected, with many critics saying the country was unfairly treated when the Omicron variant was first discovered by SA scientists. While this news was a blow to the tourism industry, this does at least mean the hospitality sector will get a boost now. Van Tilburg also discusses heading to Davos in a month's time, for the World Economic Forum.

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A good news episode of the BizNews Power Hour with Discovery's vast database confirming the Omicron variant of Covid-19 is less threatening to humans, especially those who've been vaccinated; SA is being removed from the UK's Red List providing a late Xmas boost for its tourism sector; Steven Nathan unpacks why 2022 is likely to be a better year for SA and global businesses; and we've got a clip from today's BizNews Share portfolio webinar explaining our rationale for investing offshore - and in exponentially growing US companies whose share prices have been hit hard in recent weeks.

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South African passive investment pioneer Steven Nathan, who founded 10X Investments, gives his experience of ‘garden leave’ as Old Mutual Private Equity paid up for fund manager. Steven says that it’s still important to keep abreast of topical investment and political news, as well as spend time with family and friends when life isn’t as busy. He has made sure he’s been active during his time off, learning about complex technologies such as the blockchain. Despite the financial markets holding up strongly since the drawdown in March 2020, he emphasized the pain lies within the real economy, especially locally in South Africa. 

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News headlines:

*Leading scientists have stated that the extent of natural immunity against the coronavirus among SA’s population due to earlier infections may be mitigating the severity of illness caused by the Omicron variant.

*The City of Tshwane will be run by a majority coalition government with 109 seats in the council, ensuring what will likely be a stable government for the metro.

*Elon Musk has been named Time magazine’s “Person of the Year”, capping a run during which the head of Tesla solidified his standing as the world’s richest person and turned his onetime electric-vehicle start-up into a $1trn company.

It’s been quite a week for the Cape Town Stock Exchange (CTSE), welcoming its ninth listing. Joining BizNews is the CTSE’s chief executive Eugene Booysen and Renier de Wit of Gaia Fund Managers. When asked why he chose the CTSE and not the JSE, De Wit remarked that the team and exchange platform - which he described as innovative - make the Cape Town Stock Exchange the place to be.

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South Africa's favourite stockbroker, David Shapiro, shares what he has learnt from half a century of following his passion as a stockbroker and investment professional; Netcare CEO Richard Friedland shares evidence which shows the Omicron variant of Covid-19 is a big step forward for a country that desperately needs to return to normality; the Cape Town Stock Exchange welcomes its ninth listing - we hear from the exchange's Eugene Booysen and Gaia Fund Managers' Renier de Wit; plus local and international business news.

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David Shapiro shares his pearls of wisdom after nearly 50 years as a trader and investor on the JSE. David started his career on the trading floor and has seen the rise of some incredible businesses over the past five decades. His father, Archie, was also a legend of the local bourse. David followed his father onto the trading floor for a brief period. He says, however, that his investment philosophy is very different to his father’s and acknowledges the technology revolution as the most significant change to the markets. He says it is crucial to keep your investment strategy simple by identifying good companies with strong management teams and emphasises the importance of time in the market. David compliments legendary investor Warren Buffet for his take on life and investing; the down-to-earth Berkshire founder is one of his role models.

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