Streaming issues? Report here
John Maytham 2019 1500 BW John Maytham 2019 1500 BW
Afternoon Drive with John Maytham
15:00 - 18:00
volume_up
volume_mute

Up Next: The Money Show with Bruce Whitfield
See full line-up
Afternoon Drive with John Maytham
15:00 - 18:00
Home
arrow_forward
Business
fiber_manual_record
Lifestyle

Foreigners – fearful of SA’s spiralling debt – are dumping government bonds

14 September 2020 7:14 PM
Tags:
The Money Show
Bonds
Bruce Whitfield
Foreign investors
Government bonds
Personal finance
Foreigners
Kevin Lings
Stanlib Asset Management
investing
investments
saving
bond yield
yield

The Money Show’s Bruce Whitfield interviews Kevin Lings, Chief Economist at Stanlib Asset Management.

Foreigners, fearful of South Africa’s rapidly growing debt mountain, are selling South African government bonds, despite the attractive yield.

Foreigners are selling South African government bonds.

Last week alone, offshore investors dumped R835 million of bonds on the market.

What does this mean?

The Money Show’s Bruce Whitfield interviewed Kevin Lings, Chief Economist at Stanlib Asset Management.

If you go back to 2018, that was the peak… Foreigners loved South African assets, particularly bonds…

Kevin Lings, Chief Economist - Stanlib Asset Management

Foreigners held 42% of all government debt [at the start of 2018] … They were systematically accumulating more and more…

Kevin Lings, Chief Economist - Stanlib Asset Management

Government finances have deteriorated in a very visible way… Foreigners own less than 30% of South African government bonds…

Kevin Lings, Chief Economist - Stanlib Asset Management

We’re going to have to attract a less risk-averse investor… We’re going to have to show we’re systematically getting back on top of our finances…

Kevin Lings, Chief Economist - Stanlib Asset Management

Listen to the interview in the audio below.


14 September 2020 7:14 PM
Tags:
The Money Show
Bonds
Bruce Whitfield
Foreign investors
Government bonds
Personal finance
Foreigners
Kevin Lings
Stanlib Asset Management
investing
investments
saving
bond yield
yield

More from MyMoney Online

Skyscrapers CBD Johannesburg 123rf 123rfbusiness

Long-term investment case for property in Africa remains intact

24 September 2020 1:38 PM

There’ll be many opportunities for frontier investors in the coming years, says Absa's Somaya Joshua.

Share this:
Read More arrow_forward

healthcare-medicine-medical-aid-costs-piggy-bank-financial-health-finance-123rf

2021 medical aid price increases… you may want to sit down for this one

24 September 2020 10:10 AM

Contributions are likely to rise by twice the rate of inflation, warns Clayton Samsodien (Phoenix Financial Services Group).

Share this:
Read More arrow_forward

rands

Covid-19 resurgence in Europe smashes South African rand off its pedestal

21 September 2020 6:50 PM

The rand was just recently trading at a six-month high. Arabile Gumede interviews Bianca Botes (Peregrine Treasury Solutions).

Share this:
Read More arrow_forward

Young man youth teenager teen boy credit card 123rf 123rfbusiness 123rflifestyle

I’ve never been interested in money - Cameron (11), son of Bruce Whitfield

15 September 2020 11:29 AM

"It's brilliant! The jokes are actually funny," says Cameron in his review of "Manage Your Money Like a Grownup".

Share this:
Read More arrow_forward

South African Identity Document

Experian: 'If you get a call like this – don’t argue, just put the phone down!'

15 September 2020 9:20 AM

It's haunting; 24 million records have been breached. Refilwe Moloto interviews Manie van Schalkwyk (SA Fraud Prevention Service).

Share this:
Read More arrow_forward

Two young women pushing old car that broke down 123rf

Keeping your car for longer? 14 parts most likely to fail, and how to prevent it

1 September 2020 11:10 AM

These are the warning signs to look out for, so you can keep your car in tiptop shape for longer.

Share this:
Read More arrow_forward

high school highschool student scholer learner 123rf female girl mask facemask

ADvTECH lost R88 million as students withdrew due to Covid-19

31 August 2020 7:42 PM

The Money Show’s Bruce Whitfield interviews Roy Douglas, CEO at ADvTECH.

Share this:
Read More arrow_forward

Lost City at Sun City 123rf 123rflifestyle 123rfbusiness

Sun Int reports losses of R885m. Debt balloons to R13.3bn (4x its market cap)

31 August 2020 6:43 PM

The Money Show’s Bruce Whitfield interviews Anthony Leeming, CEO at Sun International Group.

Share this:
Read More arrow_forward

Spam sms marketing 123rf 123rfbusiness 123rflifestyle

System to block SMS marketing spam finally implemented – here’s how to register

20 August 2020 2:26 PM

"Waspa" is putting a stop to unsolicited SMS junk. "The move is nicely timed," says Nazareen Ebrahim (CEO of Socially Acceptable).

Share this:
Read More arrow_forward

Consumer journalist Wendy Knowler CapeTalk studio

I was born to a life of white privilege – Wendy Knowler, consumer journalist

17 August 2020 8:09 PM

The Money Show’s Bruce Whitfield interviews Knowler about her attitude to money (hopes and fears, successes and failures, etc.).

Share this:
Read More arrow_forward