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


This article first appeared on 702 : What Cyril Ramaphosa means for your retirement fund and/or other investments


Recommended

by NEWSROOM AI

CapeTalk 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 CapeTalk community a safe and welcoming space for all.

CapeTalk 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.

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

Read More
Woman entrepreneur? How to juggle your business and personal life…

Woman entrepreneur? How to juggle your business and personal life…

Ray White interviews Yiedi CEO Jayshree Naidoo about the special challenges female entrepreneurs face and how to prepare for them.

Why women must be far more careful with their money than men

Why women must be far more careful with their money than men

Ray White talks to personal finance guru Warren Ingram, who reckons women should take financial planning more seriously than men.

R24.9 million per year… what the CEOs of SA’s top-10 companies earn (on average)

R24.9 million per year… what the CEOs of SA’s top-10 companies earn (on average)

Ray White interviews Andreas Horak, Associate Director at PwC.

Viceroy founder disbarred in UK for misconduct and dishonesty - Intellidex

Viceroy founder disbarred in UK for misconduct and dishonesty - Intellidex

Viceroy plagiarised Intellidex’s Steinhoff report, says its Chair Stuart Theobald and Business Leadership SA’s Bonang Mohale.

What does Absa and Black Panther have in common?

What does Absa and Black Panther have in common?

Africanacity! That’s what. Or so it wants us to believe. Bruce Whitfield interviews Gibs marketing expert Professor Nicola Kleyn.

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
Nhlanhla Nene asks trade unions for ideas on how to fund wage increase demands

Nhlanhla Nene asks trade unions for ideas on how to fund wage increase demands

Nene asked unions representing Eskom workers to provide ideas to fund wage increases after negotiations with Eskom deadlocked.

[WATCH] Man finds it hard to open his Zam-Buk & pleads for an easier opening tin

[WATCH] Man finds it hard to open his Zam-Buk & pleads for an easier opening tin

Tourists wake up at the crack of dawn to bag the best sunbed and one man even suffers a broken toe in the melee.

How Steinhoff shares doubled in just five days

How Steinhoff shares doubled in just five days

Founder of Herenya Capital Advisors, Petri Redelinghuys, explains how the embattled Steinhoff managed to double its share price in 5 days

Parents no longer have to travel with children's birth certificates

Parents no longer have to travel with children's birth certificates

The new Home Affairs upgrades to the system include printing parents details at the back of the child's passport.

Woolworths explains reasons for rice mix recall

Woolworths explains reasons for rice mix recall

The retailer announced it is recalling its rice mix product for fear of contamination with the Listeria bacteria.

Home Affairs set to undergo an upgrade in move to paperless system

Home Affairs set to undergo an upgrade in move to paperless system

A new live capture system will cover birth, marriage and death registrations.

Criminals targeting homes with aluminium windows, warns neighborhood watch

Criminals targeting homes with aluminium windows, warns neighborhood watch

The Panorama, Welgelegen and Plattekloof Neighbourhood Watch has identified a new house break-in trend.