Magnus Heystek has been called a few uncomplimentary names in his time. As it turns out, investors don’t like to be told that they’re headed in the wrong direction. Heystek has taken flack for suggesting that South Africans would do well to move their money away from local markets. Over the last few years investors have begun to notice the JSE’s underperformance themselves and Heystek’s critics have had to bite their tongues and face facts. Here, he compares apples with apples and the numbers are telling.- Melani Nathan
By Magnus Heystek*
AMONGST investors and even commentators in the media, the decision to recommend greater offshore investments is often seen to be based solely on the rand dollar view.