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 THE NEWSROOM

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
BOS Brands/Rhodes Food Group partnership to feed a market going bos for ice tea

BOS Brands/Rhodes Food Group partnership to feed a market going bos for ice tea

The Money Show’s Bruce Whitfield interviews BOS Brands CEO Dave Evans.

No land, or farming skills? Got R8000? Here’s how to own cattle…

No land, or farming skills? Got R8000? Here’s how to own cattle…

The Money Show’s Bruce Whitfield interviews Ntuthuko Shezi, founder of a company that raises cattle on small investors' behalf.

Blitzboks will shake this off quicker than you can say ‘fraud’ - Bruce Whitfield

Blitzboks will shake this off quicker than you can say ‘fraud’ - Bruce Whitfield

The Money Show’s Bruce Whitfield asks ad expert Andy Rice to share with him the week’s advertising “heroes” and “zeroes”.

South Africa gets a new bank – Bank Zero

South Africa gets a new bank – Bank Zero

The Money Show’s Bruce Whitfield interviews Michael Jordaan, cofounder of the app-driven, 45% black-owned Bank Zero.

Madiba’s private secretary Zelda la Grange opens up about money (hers and his)

Madiba’s private secretary Zelda la Grange opens up about money (hers and his)

Bruce Whitfield interviews La Grange about her and Madiba's attitude to money (hopes and fears, successes and failures, etc.)

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
Dr Mbuyiseni Ndlozi opens up about his thesis

Dr Mbuyiseni Ndlozi opens up about his thesis

Ndlozi explains the significance of the the first chapter of his thesis: 'Trauma in the archives'.

Trump confirms his first visit to Africa

Trump confirms his first visit to Africa

United States President Donald Trump has disclosed his first stop on an African visit.

Art deco buildings make Springs an architectural tourism destination

Art deco buildings make Springs an architectural tourism destination

The style of visual arts architecture has become part of a few impromptu tours by Jeffrey Cole in the underrated East Rand.

'The university degree is dead'

'The university degree is dead'

Flux Trends founder Dion Chang gives five reasons why he believes getting a degree is past its sell by date.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

5 ways the NSFAS funding model will change in 2017

5 ways the NSFAS funding model will change in 2017

The National Student Financial Aid Scheme (NSFAS) will pilot a new funding model in 2017. NSFAS chairperson Sizwe Nxasana explains.

How much should you be paying your domestic worker?

How much should you be paying your domestic worker?

A new online tool has been developed to put what you pay your domestic worker into perspective.