Magnus Heystek explains why he’s avoiding SA property investments like a modern plague
Since 2017, Magnus Heystek-founded Brenthurst Wealth clients have owned no South African property investments. It’s been an excellent call, with asset values falling sharply in the past six years. Heystek explains in this interview why he regards SA property as the most destructive asset class, even though there are always exceptions (think migration to the Western Cape) - the reasons for remaining ultra bearish. He spoke to Alec Hogg of BizNews.
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