Heystek: Rand at R18.40 to $ may prove bargain for offshore investors - Think Blackouts; De Ruyter

In this wide-ranging interview with Brenthurst Wealth founder Magnus Heystek, he shares some history that shaped his forthright approach - and explains why the near record Rand weakness of R18:50 to the US Dollar may be far from the end. Heystek takes a closer look at some of shocking news items for SA investors that have emerged recently and concludes that this supports his long-term bearish view of South Africa. Heystek will be elaborating on his perspectives at BNC#5 next week. He spoke to Alec Hogg of BizNews.

[@mervynfiford6039]

Very good interview with Magnus Heystek. A real eye opener.

[@hlits6310]

Fabulous interview with Magness once more

[@JoshuaAndrewsza]

Heystek is refreshingly honest

[@desirezwahlen6036]

Why do we need political parties?? There are many very intelligent and ethical South Africans who could an excellent job of running the country. Just also think of all the taxpayers money going to politicians. 26 plus parties in this country

[@johanvanzyl8479]

You have a magnificent point here. I want a Meritocracy. Appoint the very best for maximum terms in all critical areas.

[@Macedonia270]

Can I attend the Biznews conference, and how do I go about booking a seat?

[@barrykli96]

What happens if ANC receives < 50% of the vote & does a deal with EFF?

[@johan7275]

Buy a one way ticket :)

[@ripple123]

we run for the hills

[@gysgijsbers4202]

Socialism / Communism 101, if that happens...& history proves those end in even more corrupt authoritarian states, which often has cost millions of lives.

[@boerplaas388]

Daai Rand gaan meer as R22 tot een $ USA wees voor die einde van die jaar. Belowe Ek vir jou 😂

[@charmainemontanari7673]

I would love to hear the latest from Rob Hersov on the latest developments in South Africa. Please can you interview him again. Posted 01/03/2023 10h54

[@hamiltonklaase556]

Mr Magnes, to be truthful, there's 2 Cape Towns, the "well off" middle class or rich Capetownians where most of the services go to... Then you get the other side of the Stad, the ghetto side, take a drive and go see for yourself..

[@plantpoweredguru]

whats your point - u r trying to insinuate that services do not go to the poor ? Have u looked at the tax base figures, maybe consider prosperity drives growth, poverty drives poverty. move towards prosperity to continue building for those less fortunate.

[@crispinswainstonharrison9042]

I’m seeing 16.50:$ by end of 2023

[@deniscoyne5671]

Based on what ?

[@jjhout5988]

The amount of scam artist in the comment section these days are unbelievable!