Brighter political and economic outlook

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Dan Hugo, CEO of Distribution at PSG and Anet Ahern, CEO of PSG Asset Management. PHOTO: SEITHATI SEMENOKANE

The South African political and economic landscape, following the outcome of the May 2019 National Elections, is a hopeful one. This is according to former Democratic Alliance Parliamentary Leader, Lindiwe Mazibuko.

Mazibuko was speaking at an exclusive PSG Asset Management session held held at the Windmill Casino in Bloemfontein to help clients get a clearer understanding of the risks and opportunities that the country is faced with following the elections. Mazibuko gave an in-depth look at the past few years in politics, from when the country believed that Nkosazana Dlamini-Zuma would be the next president, how that would have affected us and how the country is currently doing with President Cyril Ramaphosa at the helm.

Lindiwe Mazibuko

She said things are a little more hopeful for our nation, stating that Ramaphosa was the best bet that we had for president. “We have a golden opportunity under the presidential leadership of President Ramaphosa. We have an opportunity to preside over and participate in supporting the revival of the state. You can diversify your investments, you can diversify your financial interests, but ultimately there is no greater satisfaction surely than helping rebuild your own home,” she concluded.

CEO of PSG Asset Management, Anet Ahern, then looked at what investors need to do at the moment to ensure that they were getting the most out of their investments. “Commit to South Africa but take out some insurance. You do have to diversify both across asset classes and more importantly, globally. It is also very important to always focus on the return that you need and do not try to chase the highest return because that normally comes with a lot of risk,” said Ahern.

Dan Hugo, CE of Distribution at PSG, advised investors that they have to have a plan. “You need to engage with your advisor to ensure that you have a bulletproof plan and in order to do that one needs to be honest with your advisor. You need to share all your information even though you might not think its relevant when setting up your investment plan. Once you’ve got a plan, you need to review it on a regular basis,” said Hugo.

Seithati Semenokane

seithati@centralmediagroup.co.za