The Personal Finance series with Warren Ingram

South Africa's economy is sick. How to keep whatever wealth you have intact...

The South African economy is sick.

Politics is making it worse.

What can we do to safeguard ourselves in these uncertain times?

Ray White (in for The Money Show’s Bruce Whitfield) interviewed personal finance consultant Samke (Sam) Mhlongo-Ngwenya for his weekly personal finance feature.

Ngwenya discussed the following three actions you should consider taking:

  • Rand hedge (i.e. invest in companies that earn profits in foreign currencies)

  • Deleverage (i.e. get rid of debt)

  • Create additional income stream/s

What does this mean? For more detail; listen to the interview in the audio below (and/or scroll down for quotes from it).

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Article brought to us by Old Mutual.


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