'The investment industry is not a gentleman's game' - Magnus Heystek
Hard-hitting Magnus Heystek joins BizNews founder Alec Hogg to talk about the hidden agendas that plague the investment industry. Magnus has been adamant on having offshore exposure for the better part of the last decade for two reasons, firstly because diversification is the only free lunch you're afforded in investing and secondly because of the unsteady macroeconomic backdrop within South Africa. He's called it perfectly. Unfortunately, some of the large institutions and investment houses in South Africa are plagued with conflicts of interest. As a result, clients suffer. Magnus emphasises the importance of doing due diligence before investing, even if it costs a few thousand rand.