South African investors should look at maximising their offshore exposure at all times, in a diversified portfolio of equities, says Magda Wierzycka.
Wierzycka is the founder and executive chair of JSE-listed Sygnia Limited, and is often ascribed as one of South Africa’s richest women. Speaking at a recent Moneyweb conference, she said investors aiming for wealth generation should look offshore for long-term investment, and ensure that their portfolios are well diversified.
“You only have to look at the basics like the economy of South Africa, the lack of growth, increasing unemployment and high inflation. We are looking at increasing infrastructure problems, not only electricity but also transport, which means our resource companies face increased pressure.I don’t see how South African equities represent great long-term value for investors as it stands
Wierzycka said she also has offshore exposure in the private investment space, including startups, which offers additional exposure outside of the equity market.First Avenue Investment Management’s chief investment officer Hlelo Giyose said it is difficult to be positive in South Africa right now, but there is still reason to be hopeful about the country over the long term.
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