Streaming issues? Report here
702 logo Gradients 702 logo Gradients
Best of 702
22:00 - 00:00
volume_up
volume_mute

Up Next: Early Breakfast with Africa Melane
See full line-up
Best of 702
22:00 - 00:00
Home
arrow_forward
Business
fiber_manual_record
Opinion
fiber_manual_record
Lifestyle

What Cyril Ramaphosa means for your retirement fund and/or other investments

21 December 2017 8:17 PM
Tags:
Cyril Ramaphosa
Warren Ingram
Personal finance
investments
investors
Personal Financial Advisor Warren Ingram
#anc54
markets react to #ANC54
ANC President Cyril Ramaphosa
market reaction

The Money Show’s Bruce Whitfield interviews Galileo Capital Personal Financial Advisor Warren Ingram.
ANC President Cyril Ramaphosa. Picture: Ihsaan Haffejee/EWN

Cyril Ramaphosa is now the ANC president.

What does that mean for South Africa and investors?

The Money Show’s Bruce Whitfield interviewed Galileo Capital Personal Financial Advisor Warren Ingram.

  • The vote was very close and the split between the top six probably means the new leadership is not as business friendly as investors hope.

  • Exchange rates have strengthened drastically. Should you take more money offshore?

  • Will Zuma step down or will the ANC recall him speedily? The answer has big implications for investors and ratings agencies. A quick resolution to the Zuma problem and a Cabinet reshuffle could be great for investors. The alternative could be damaging in the short term, but potentially positive in the long run.

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

You need a quarter of your investments outside of South Africa… If you have no money overseas, then the decision is simple…

Warren Ingram, Galileo Capital

How do you protect yourself against a Steinhoff? You have to have your eggs spread across a number of baskets.

Warren Ingram, Galileo Capital

It [the JSE] is a good place to put your money… Most of the top 40 companies are not really related to the health of the South African economy…

Warren Ingram, Galileo Capital

Don’t commit a lump sum to the market… phase it in over, possibly, 12 months…

Warren Ingram, Galileo Capital

Click here (then “like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.


21 December 2017 8:17 PM
Tags:
Cyril Ramaphosa
Warren Ingram
Personal finance
investments
investors
Personal Financial Advisor Warren Ingram
#anc54
markets react to #ANC54
ANC President Cyril Ramaphosa
market reaction

More from MyMoney Online

absajpg

Absa wins international award for its response to Covid-19

5 August 2020 11:38 AM

The bank is one of only six in the world to be recognised in this way for outstanding performance during the global health crisis.

Share this:
Read More arrow_forward

TikTok 123rf 123rfbusiness 123rfworld 123rflifestyle

Microsoft wants to buy TikTok. Donald Trump gives it 45 days to negotiate

3 August 2020 7:23 PM

[EXPLAINED] The Money Show’s Bruce Whitfield interviews Craig Wilson, Editor at Stuff Magazine.

Share this:
Read More arrow_forward

Nigeria flag nigerian 123rf 123rfAfrica 123rfBusiness

Shoprite pulls the plug on Nigeria (pop 206m) – trouble for SA companies abroad?

3 August 2020 6:34 PM

Shoprite is exiting the oil-rich but spending-money-poor nation. Bruce Whitfield interviews Dianna Games (Africa At Work).

Share this:
Read More arrow_forward

Mine mineworker mining gold platinum coal 123rfbusiness 123rf

Resilient Amplats reports rise in earnings (Ebitda), solid balance sheet

27 July 2020 7:06 PM

The Money Show’s Bruce Whitfield interviews Natascha Viljoen, CEO at Amplats.

Share this:
Read More arrow_forward

Covid-19 insurance 123rf 123rfbusiness 123rflifestyle 123rfpersonalfinance

Santam to pay out R1 billion to policyholders in 'business interruption' relief

27 July 2020 6:29 PM

It still argues that the lockdown, not the pandemic, is responsible for its clients’ losses. Bruce Whitfield interviews its CEO.

Share this:
Read More arrow_forward

Herschel Jawitz

Real estate royalty Herschel Jawitz comes clean about his money habits, beliefs

20 July 2020 8:13 PM

Bruce Whitfield talks to Jawitz Properties CEO Herschel Jawitz about his attitude to money (hopes, fears, successes, failures...).

Share this:
Read More arrow_forward

Man working from home zoom meeting boxer shorts underpants 123rf 123rfbusiness

Tips to pay less tax - and to get a refund from Sars - when working from home

20 July 2020 7:11 PM

The Money Show’s Bruce Whitfield interviews Matthew Haddon, Director at tax consultancy Simple Tax.

Share this:
Read More arrow_forward

Gold bars 123rf 123rfbusiness 123rflifestyle

Investing in a pandemic: Gold remains the gold standard

14 July 2020 7:28 PM

Gold is glittering. Arabile Gumede asks Izak Odendaal (Investment Analyst at Old Mutual Wealth) to tell us more.

Share this:
Read More arrow_forward

Day trader investor stocks shares equities trading 123rf 123rfbusiness

'1st-time traders are buying the sh*ttiest stocks! Everyone is getting rich!'

14 July 2020 7:03 PM

What is Robinhood? Why is Tesla booming? Arabile Gumede interviews Paul Theron, potty-mouthed MD of Vestact Asset Management.

Share this:
Read More arrow_forward

Woman saving money piggy bank mask 123rf 123rfbusiness 123rflifestyle

Supersaver Julia has changed lives, and she can change yours! – Bruce Whitfield

9 July 2020 3:00 PM

Need the inspiration to save? The Money Show’s Bruce Whitfield interviews “Supersaver Julia” at around 7:15 pm tonight.

Share this:
Read More arrow_forward

More from Personal Finance with Warren Ingram

Retirement planning personal finance 123rfpersonalfinance 123rflifestyle 123rf

What does the contentious Regulation 28 mean for your retirement funds?

30 July 2020 8:23 PM

On The Money Show, finance expert Warren Ingram explains why he believes the pros of the regulation outweigh the cons.

Share this:
Read More arrow_forward

Woman saving money piggy bank mask 123rf 123rfbusiness 123rflifestyle

Supersaver Julia has changed lives, and she can change yours! – Bruce Whitfield

9 July 2020 3:00 PM

Need the inspiration to save? The Money Show’s Bruce Whitfield interviews “Supersaver Julia” at around 7:15 pm tonight.

Share this:
Read More arrow_forward

edit - equity-market - image from JSE-dot-co-dot-za.jpg

Personal Finance Feature - Equity fund vs index investing

2 July 2020 8:43 PM

Personal financial adviser Warren Ingram says active fund managers in South Africa have had a terrible time.

Share this:
Read More arrow_forward

Missing Image Placeholder

Scared that you may lose your life savings?

25 June 2020 8:07 PM

Warren Ingram, wealth creator, answers listeners' questions about safe investing in anxious times.

Share this:
Read More arrow_forward

Contract

No guarantee that your nominated beneficiary will get your money when you die

18 June 2020 7:58 PM

Did you know that the Trustees of retirement funds don’t have to pay it out to your nominated beneficiary?

Share this:
Read More arrow_forward

covid-19 coronavirus economy 123rfbusiness 123rflifestyle 123rf recession

Personal Finance Feature: Timing the market

11 June 2020 7:52 PM

What is the concept of "market timing" and how can it help investors?

Share this:
Read More arrow_forward

Missing Image Placeholder

How to plan for retirement during the Covid-19 crisis

28 May 2020 7:47 PM

The Covid-19 pandemic and the economic destruction in its wake has left some of us wondering if we'll ever be able to retire.

Share this:
Read More arrow_forward

Old house abandoned namibia 123rfbusiness 123rflifestyle 123rf

What will become of South Africa's property market and industry after lockdown?

30 April 2020 7:52 PM

Personal finance expert Warren Ingram shares his concerns and offers a few pointers.

Share this:
Read More arrow_forward

piggy-bank-coins-money-budget-savings-personal-finance-123rf

Earn up to 11.5% interest on one of the safest investments around

16 April 2020 7:33 PM

Personal finance guru Warren Ingram on why you should consider this risk-free investment, especially if you live off interest.

Share this:
Read More arrow_forward

Piggy bank mask covid-19 coronavirus 123rfbusiness 123rflifestyle 123rf

'If you still have a job, get rid of your debt as fast as you can'

2 April 2020 8:04 PM

Personal finance expert Warren Ingram has advice on how to survive – or even thrive – amidst the Covid-19 outbreak.

Share this:
Read More arrow_forward

More from ANC 2017 Elective Conference

Missing Image Placeholder

Meeting underway at Luthuli House to address ANC missing votes

22 December 2017 3:26 PM

It is unclear what progress they have made as the lawyers involved in this matter are unavailable, says EWN's Ziyanda Ngcobo.

Share this:
Read More arrow_forward

Missing Image Placeholder

Recalling Zuma will divide the ANC - MKMVA's Kebby Maphatsoe

22 December 2017 12:57 PM

ANC veteran Murphy Morobe says that President Zuma should be recalled as there cannot be two centres of power in the organisation.

Share this:
Read More arrow_forward

Missing Image Placeholder

'Failings on land reform makes the ANC look bad'

22 December 2017 10:07 AM

Professor Ruth Hall gives an analysis on the ANC president's statement about land restitution during the last day of conference.

Share this:
Read More arrow_forward

Missing Image Placeholder

Standard Bank calls for Ramaphosa to urgently deal with corruption

21 December 2017 1:29 PM

The bank says it hopes the new ANC leadership will use the country's laws to deal with scourge of corruption.

Share this:
Read More arrow_forward

Missing Image Placeholder

'The President has a new boss and that boss is Cyril Ramaphosa'

21 December 2017 1:19 PM

Analyst Daniel Silke says he doesn't believe everyone on the NDZ list wants to see the perpetuation of Jacob Zuma.

Share this:
Read More arrow_forward

Missing Image Placeholder

ANC to make room for land expropriation in Constitution

21 December 2017 10:54 AM

Prof Ben Cousins of the Institute for Poverty, Land and Agrarian Studies at UWC dissects expropriation without compensation.

Share this:
Read More arrow_forward

Missing Image Placeholder

'Ramaphosa's first 100 hours are quite difficult'

21 December 2017 9:29 AM

Political Economist at Trade Collective, Lebohang Pheko says Ramaphosa needs to make a statement of intent about Zuma very soon.

Share this:
Read More arrow_forward

Missing Image Placeholder

'Nationalising SA Reserve Bank is a meaningless construct'

21 December 2017 8:52 AM

Rob Rose Financial Mail editor explains what would happen if the ANC nationalises the SA Reserve Bank (Sarb).

Share this:
Read More arrow_forward

Missing Image Placeholder

Words you will hear today: Change my Masina (Mzwandile)

21 December 2017 8:36 AM

Jonathan Fairbairn explains what is to 'change my Masina' - an about turn...

Share this:
Read More arrow_forward

Missing Image Placeholder

Too early to tell the direction of the new leadership after #ANC54 NEC elections

21 December 2017 8:23 AM

The list of 80 newly elected NEC members has been described as proper mix masala making it hard to predict the future.

Share this:
Read More arrow_forward