MyMoney Online, The Personal Finance series with Warren Ingram, ANC 2017 Elective Conference

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

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.

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
Woolies launches ‘One Small Spoon’ campaign to help end hunger in South Africa

Woolies launches ‘One Small Spoon’ campaign to help end hunger in South Africa

14 million go hungry every day in SA; 33% of food produced ends up in landfills. Bruce Whitfield interviews Zinzi Mgolodela.

Take a look inside BMW South Africa’s high-tech X3 producing factory

Take a look inside BMW South Africa’s high-tech X3 producing factory

The Rosslyn plant makes 15 BMW X3 SUVs per hour for export around the world. Bruce Whitfield interviews BMW SA's, Tim Abbott.

The sun sets on Zimbabwe’s new dawn as inflation hits 155%

The sun sets on Zimbabwe’s new dawn as inflation hits 155%

Here we go again… The Money Show’s Bruce Whitfield interviews Africa Connected Host Lee Kasumba.

I worked for that money! - Robert Madzonga (VBS shareholder Vele Investments)

I worked for that money! - Robert Madzonga (VBS shareholder Vele Investments)

The Money Show’s Bruce Whitfield interviews Madzonga, who claims innocence and that Chairperson Tshifhiwa Matodzi lied to him.

Pick n Pay sells most groceries in 5 years

Pick n Pay sells most groceries in 5 years

Recession? What recession? The Money Show’s Bruce Whitfield interviews Pick n Pay CEO, Richard Brasher.

5 things SA Inc. must know about ANC President Cyril Ramaphosa

5 things SA Inc. must know about ANC President Cyril Ramaphosa

The Money Show’s Bruce Whitfield interviews Financial Mail Deputy Editor Sikonathi Mantshantsha.

Popular articles
[WATCH] A golden buzzer for South African trio on talent show

[WATCH] A golden buzzer for South African trio on talent show

Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone viral'.

'The EFF seems to be trying to find scapegoats'

'The EFF seems to be trying to find scapegoats'

Deputy Editor at Financial Mail, Sikhonathi Mantshantsha, seems to be finding excuses as to why its leaders are in trouble.

I worked for that money! - Robert Madzonga (VBS shareholder Vele Investments)

I worked for that money! - Robert Madzonga (VBS shareholder Vele Investments)

The Money Show’s Bruce Whitfield interviews Madzonga, who claims innocence and that Chairperson Tshifhiwa Matodzi lied to him.

Take a look inside BMW South Africa’s high-tech X3 producing factory

Take a look inside BMW South Africa’s high-tech X3 producing factory

The Rosslyn plant makes 15 BMW X3 SUVs per hour for export around the world. Bruce Whitfield interviews BMW SA's, Tim Abbott.

Pick n Pay sells most groceries in 5 years

Pick n Pay sells most groceries in 5 years

Recession? What recession? The Money Show’s Bruce Whitfield interviews Pick n Pay CEO, Richard Brasher.

Support for #CherlyZondi as she wraps up her testimony against Tim Omotoso

Support for #CherlyZondi as she wraps up her testimony against Tim Omotoso

Wits Institute For Social Economic Research research associate Lisa Vetten looks at how witnesses cope on the witness stand.

Sanral considers new measures to 'aggressively' tackle Gauteng e-toll defaulters

Sanral considers new measures to 'aggressively' tackle Gauteng e-toll defaulters

Discussions between Sanral, and the Ministers of Finance and Transport have apparently reached an advanced stage.

'Racism is a daily thing in Hartbeespoort'

'Racism is a daily thing in Hartbeespoort'

Hartbeespoort Community Development Initiative spokesperson Russel Baloyi talks about racism in the community.