Heystek won’t bring even 1 cent back to South Africa
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Investment strategist Magnus Heystek made comments at the 2026 BizNews Conference about his financial position and his outlook on South Africa. Among many of the points he made, Heystek said that he currently will not bring even a single cent of his offshore investments back to South Africa.
Heystek explained that he remains committed to offshore investments, especially in major United States markets such as the S and P 500 and the Nasdaq. He believes these markets continue to outperform and offer more reliable long term growth compared to local options. His approach is based on global diversification and a focus on stronger performing economies.
While the Johannesburg Stock Exchange has shown notable growth, with the All Share Index rising by more than fifty percent to around 112000 points, Heystek views this increase as temporary. He argues that much of the rise has been driven by higher prices in gold and platinum rather than broad economic strength. In his view, the underlying fundamentals of the South African economy remain weak.
He also pointed to global comparisons to support his position. According to Morningstar rankings, South Africa is placed below countries such as South Korea, Brazil and Argentina in terms of investment appeal. These comparisons reinforce his belief that investors should look beyond South Africa when seeking stronger and more stable returns.
Independent news and opinion articles with a focus on the Western Cape, written for a more conservative audience – the silent majority with good old common sense.
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