You're probably correct in some way - a lot depends on how much wealth you have and how deeply entrenched you are in this country. Everyone has different circumstances, financially and otherwise, and to that extent we will have differeing opinions. I wish I could have an optimistic view as you do, but my reality is very opposed 😊
@@user-vk1wy5xe9i We shouldn’t be running away and out of South Africa because there are problems. The stabler counties people want to run away to are stable because the citizens make them thus. Running away to feast on the fruits of the sweat of other men is cowardly and parasitic in my opinion. We cannot fix South Africa by emigrating.
@@lastpreacher9093 NO NO NO, we can't fix a country ruled by tribalism and cronnies and BBEEE. 30 years on, the illusion vanished years ago. 😅😅 Enjoy the ride 😅😅😅
Off Grid - means out of the financial system invested in hard assets. Physical gold/silver, commodity producing land, etc. Compare the gold price in USD vs the SP 500 in USD over the last 23 years. ........
Just crazy, who would want to swap this stunning country for Mauritius. To live in Mauritius and still make an income if not retired just doesn't add up. Sound's great on the surface, but guaranteed downsides too.
Magnus respect, but you are missing a MAJOR flaw in terms of Mauritius! It is an Island one man government ranned state. Look at Commores, Seychelle etc in terms of overnight coups. Better to look at Reunion 200km from Mauritius that is part of the EU for security and stability.
Thank you BizNews once again. Is it possible to get more clarity as to other ways of making a living and or retiring in Mauritius on a middle income bracket And does Mr.Heystek have anything on Reunion perhaps?
Owning a home out right for a family unit is one of the most refreshing/ eye opening things I have ever experienced. Grew up renting with a single parent, moved around over 25 times in 30 years. It was awful - men, women and most importantly children require a safe place to live and learn, in a co operative community. Renting is one of the worst curses the 21st century has nurtured and its time for it to die.
If you don't think you pay the costs when renting you are sadly mistaken. Do you honestly think that the owner of a property rents it out at below cost? 😂😂😂😂
Are the returns off shore better than local returns? Or is a well diversified portfolio with both local and offshore exposure, in funds like the one mentioned not better for diversification? If the funds are out of the country, where do you invest it to have better than local returns? Percentage wise and not having to rely on currency fluctuations?
Whether you're looking at local or off-shore returns, be sure you're looking at nett return (return - inflation). Long term, currency fluctuations will reflect differences in inflation between the countries (with time lags).
Magnus really needs to differentiate between SA as a whole and W Cape, rent is very expensive and there is virtually nothing available. Also with the rate hikes how can the W Cape property market be too hot? What will happen when rates start coming down again?
I can tell you. The racist idiots who vote for the ANC at home. Then when they suffer too much they love to the WC. And when they arrive here they see that there are many white and coloured people in key positions here.Then their racist attitudes kick in and they vote for the ANC or EFF.
Demographics has to do with the type of people that occupy a particular place, eg upper class/lower class, black/white, foreigners/locals, criminal/law abiding citizens etc etc. usually you can tell if a place is of high/low value depending on the type of people that occupy that place, you can asses the risk of investment based on the demographic of that place. He mentions the issue of organised crime disrupting/destroying an industry, part of that has to do with demographics of the place. if an area is taken over by criminal activities over a period of time the demographics will most likely change from a peaceful family orientated demographics to a violent environment where the demographics will then consist of young lawless criminals... something along those lines. One huge issue one should consider is illegal settlement next to high middle class suburbs... that too degrades the property value as the illegal settlers now become part of that demographic. a problem that's very visible in johannesburg and apparently slowly growing in the western cape as well.
Anyone with a little more sense would accept that the more people from the EC move to the WC, the crime will increase, more squatter camps, more poverty and ultimately less DA votes than before, % wise. Worse still is how little the DA has future-proofed their infrastructure and economy, especially since the crime and poverty rates in CT are still a scurge that the DA has not solved in any meaningful manner. Managing when there's loads of cash to spend is easy. The real test is when the cash runs out or slows down.
We getting poorer, rates, and crime, unemployment youth, million illegal immigrants and still coming, and yes my kids have both left,(Bee)and general discrimination, and doing well. Sad that highly qualified people have to leave, contributing to other countries. The ongoing corruption with no end in sight is very depressing. Love the people and country, dream for Nelson Mandela vanished. Sad.
Sure property might not grow much. But you get back money when you sell. If you rent you get nothing back and no investment will give you that kind of return to cover funds lost to rent. You don’t buy your house with the objective of growth. And if you do pay it off, you have a property that don’t cost you anything. If you rent you pay forever getting nothing back.
theres a thing called opportunity cost.. which refers to the millions you have tied up in the property which could be generating a real return if invested elsewhere for for the 10 - 20 years you own the property
The thing is, you did not put millions in, you had debt. You did not put your own money in. Once you sell it you get money back. Pay rent and you’ve lost all that money. The deal is even sweeter when you buy property which you rent out. Others pay off your investment, you get an asset that you did not pay for.
@@christocoetzer8171 yes true, if you you used the banks money and have tenants cover your bond payments this can work out in your favour.. not so smart to be a cash buyer
He doesn't seem to be able to distinguish between primary residence and investment property. If you are buying to sell at a profit you may want to reconsider or at least try and look to the future and decide whether or not things will improve and whether or not you will be prepared to be in it for the long haul. As for buying vs renting, I have never heard so much BS in my life. Let's look at it realistically. Whether you pay rent for 20 years or whether you pay off a bond for 20 years the big difference is still that you end up with a sizeable asset after 20 years of paying off the bond vs nothing to show 20 years of renting. Even if your property isn't worth what you thought it would be, you still have something you wouldn't have had if you rented. It is slightly different if you are buying to rent out but if you are looking at a primary residence renting makes no sense whatsoever.
Good art is is also a good barrier against a high inflation rate, Good SA art sells well on especially the British auctions. Some British auctioneers will fetch your art in SA. Do find someone knowledgable to help you select good pieces, If you are not a trader in art, there are no taxes on resale profits. Art has very low maintenance cost and is very seldomly stolen. One of SA's famous artists now has a museum opened in France to expose 300 of his works in Europe ! Before long, we will not easily afford them in SA.
It might be worth mentioning that" investor art" ( ie not museum quality art) is not protected from the vagaries of fashion. For example , 15 or so years ago ,albeit with some exceptions you could not give SA art away. The converse applied to "European art". Today the opposite applies.
No mention of crypto…which fulfills a collection of not just local, but international challenges as well . The US deficit at 34 trillion could crash the economy at any time, wrecking banks and dollar to huge detriment. Be interested in Magnus perspective in this regard. I certainly know mine
Hi our beautiful RAINBOW NATION brothers and sisters do you know that Mauritius was a Britiish colony which had slaves from Africa et al. To invest in it and become a citizen requires US$500.000 if i am not mistaken. And it's a country in an island of not more than 2 million inhabitants. To invest on it may be a good idea but not a force to be reckoned with compared to SOUTH AFRICA with vast natural mineral resources to use for ourselves. Mines Farms Shopping malls schools neighbors businesses etc. which need our thinking ability and more investment. I myself a bus driver i am investing in mininig material (opencast) which has vast amount of sand and aggregates to create masonry units constructed from selfmade moulds. Is this not part of investing to my Motherland? Make wages of R2500.00 divided to almost 5 part-time labourers. Their Working for not more than 5 hours. That's is an inspiration to me and maybe my Ancestors.
That wasn't actually very helpful..... we have no intention of immigrating, but would like to invest smartly. Needed much more info about that asset swapping thing instead of a fear campaign against South Africa. Every country has it's problems hey. His stance on rent not buy smacks of "you will own nothing and you will be happy", the WEF goal. Wonder what his affiliation is to old Klaus and friends lately......🤔
This is a global peoblem. Theee solutions are not solutions at all. Buy gold and silver if uts a ling term investment.... even that ...🤦🏻♀️ ... convert it into CBDC later....??
But the Dollar is also going to for a ball of 🙈 and in 2025 America will be in absolute chaos, their economy is going to be worse than Zimbabwe...un time.
He speaks around 100% facts and figures on published data. How about you go crunch some numbers and prove him wrong. I think there is a better chance of SA having stable electricity again than you being able to do that!!😂
You can tell this one is not patriotic and has a racist outlook. Look at how many people have made higher returns on investments from investing within South Africa. Real Estate is still being sold at a profit because it partly depends on demand and supply. The talk of just the Western Cape, warning about changing demographics and some parts of Mauritius which are Afrikaans just shows how racial his lenses are. Aaah! He can leave in peace.
@stevejones1318 Lol so used to telling people what to do. The audacity to tell another to 'stop' doing something. It's his observation. And it seems it hit a nerve How would you like it if someone said STOP telling people how to think! An opinion is like a nose we all have one. You being triggered says alot. He/She might have hit the nail on the head 😂
Magnus is simply a wreck. A Master who has grown up as a fathet figure turned to be preaching lies and misleading. He cannot compare dollar bills to rands. That's incredibly insane and a day dream.
It's just not loving your country and neighborhood but being selfish and full of hatred on the other part. Let's see if he has the power of authority over others as i don't know where he is coming from and where he is heading to. Folks don't be misled by critics who want to enrich themselves at the expense of others. Our children are reading and hearing this nonsense. God give us strength and knowledge of building our beautiful RAINBOW NATION.
Let's say Magnus wants to start building his country when he has acquired so much wealth which i don't know of maybe Billions would he uplift other neighbors and proudly beat his chest with pride that even in his last days on earth that he has done so good to the children men and women of this South Africa country. None of this peharps his ship is slowly sinking and needs colleagues to come to his rescue. Maybe it's not too late. Let's cast our votes in 2024 and take our country forward. No matter the outcome let the best begin. Don't cry foul Mr Magnus. Don't fool yourself and come with jokes and instill fears to the nation.
Real true South Africans will not leave South Africa. We will stay and make this country work. We owe it to our offspring and to our fore bearers.
You're probably correct in some way - a lot depends on how much wealth you have and how deeply entrenched you are in this country.
Everyone has different circumstances, financially and otherwise, and to that extent we will have differeing opinions.
I wish I could have an optimistic view as you do, but my reality is very opposed 😊
@@user-vk1wy5xe9i We shouldn’t be running away and out of South Africa because there are problems. The stabler counties people want to run away to are stable because the citizens make them thus. Running away to feast on the fruits of the sweat of other men is cowardly and parasitic in my opinion. We cannot fix South Africa by emigrating.
@@lastpreacher9093 NO NO NO, we can't fix a country ruled by tribalism and cronnies and BBEEE.
30 years on, the illusion vanished years ago. 😅😅
Enjoy the ride 😅😅😅
100%
We're staying.
It is important to distinguish between an opinion and advice. Opinions are free. They carry the weight they cost. Nothing.
Off Grid - means out of the financial system invested in hard assets. Physical gold/silver, commodity producing land, etc. Compare the gold price in USD vs the SP 500 in USD over the last 23 years. ........
Just crazy, who would want to swap this stunning country for Mauritius. To live in Mauritius and still make an income if not retired just doesn't add up. Sound's great on the surface, but guaranteed downsides too.
Oui.
Who indeed?
Magnus respect, but you are missing a MAJOR flaw in terms of Mauritius! It is an Island one man government ranned state. Look at Commores, Seychelle etc in terms of overnight coups. Better to look at Reunion 200km from Mauritius that is part of the EU for security and stability.
Thank you BizNews once again. Is it possible to get more clarity as to other ways of making a living and or retiring in Mauritius on a middle income bracket And does Mr.Heystek have anything on Reunion perhaps?
What about Namibia as an option?
I have been looking at Namibia too.
I do not agree at all. SA Property has done well for me. Cannot have such a blanket approach.
Solid, sensible - thank you 🙏🏻
I so wish I`d met Magnus before I invested in SA property.
Renting is so hassle-free. No maintenance, no hidden costs. After maintaining demanding properties for 40 years, to rent now is a refreshing change.
Owning a home out right for a family unit is one of the most refreshing/ eye opening things I have ever experienced. Grew up renting with a single parent, moved around over 25 times in 30 years. It was awful - men, women and most importantly children require a safe place to live and learn, in a co operative community. Renting is one of the worst curses the 21st century has nurtured and its time for it to die.
@@michaelnuttall5896So true
If you don't think you pay the costs when renting you are sadly mistaken. Do you honestly think that the owner of a property rents it out at below cost? 😂😂😂😂
@@michaelnuttall5896100% true
Are the returns off shore better than local returns? Or is a well diversified portfolio with both local and offshore exposure, in funds like the one mentioned not better for diversification? If the funds are out of the country, where do you invest it to have better than local returns? Percentage wise and not having to rely on currency fluctuations?
Whether you're looking at local or off-shore returns, be sure you're looking at nett return (return - inflation). Long term, currency fluctuations will reflect differences in inflation between the countries (with time lags).
Sorry... I have to laugh 😂
@@AnneliedeWet at?
Magnus really needs to differentiate between SA as a whole and W Cape, rent is very expensive and there is virtually nothing available. Also with the rate hikes how can the W Cape property market be too hot? What will happen when rates start coming down again?
Best advice ever
Properly is a maintenance liability if it's not been utilized as an income generator.
If SA could buy oil from Russia without having to go via the US Dollar, things will be better
It would be interesting to get clarity on what he means by,
" watch the demographic changes in cape town"
I can tell you. The racist idiots who vote for the ANC at home. Then when they suffer too much they love to the WC. And when they arrive here they see that there are many white and coloured people in key positions here.Then their racist attitudes kick in and they vote for the ANC or EFF.
You know what he means, just correlate how well places are doing with their demographics.
He means the cape is not immune.
Demographics has to do with the type of people that occupy a particular place, eg upper class/lower class, black/white, foreigners/locals, criminal/law abiding citizens etc etc. usually you can tell if a place is of high/low value depending on the type of people that occupy that place, you can asses the risk of investment based on the demographic of that place.
He mentions the issue of organised crime disrupting/destroying an industry, part of that has to do with demographics of the place. if an area is taken over by criminal activities over a period of time the demographics will most likely change from a peaceful family orientated demographics to a violent environment where the demographics will then consist of young lawless criminals... something along those lines.
One huge issue one should consider is illegal settlement next to high middle class suburbs... that too degrades the property value as the illegal settlers now become part of that demographic. a problem that's very visible in johannesburg and apparently slowly growing in the western cape as well.
Anyone with a little more sense would accept that the more people from the EC move to the WC, the crime will increase, more squatter camps, more poverty and ultimately less DA votes than before, % wise.
Worse still is how little the DA has future-proofed their infrastructure and economy, especially since the crime and poverty rates in CT are still a scurge that the DA has not solved in any meaningful manner.
Managing when there's loads of cash to spend is easy. The real test is when the cash runs out or slows down.
Not true. Fixed property is still a good investment in the WC. My house more than doubled in value in the past ten years.
The Cape has taken a knock now with the floods
We getting poorer, rates, and crime, unemployment youth, million illegal immigrants and still coming, and yes my kids have both left,(Bee)and general discrimination, and doing well. Sad that highly qualified people have to leave, contributing to other countries.
The ongoing corruption with no end in sight is very depressing.
Love the people and country, dream for Nelson Mandela vanished. Sad.
Sadly, it's the South African reality, except for those few in priviledged circumstances 😢
Goeie video maar Mauritius is groot groot. Risko
Sure property might not grow much. But you get back money when you sell. If you rent you get nothing back and no investment will give you that kind of return to cover funds lost to rent. You don’t buy your house with the objective of growth. And if you do pay it off, you have a property that don’t cost you anything. If you rent you pay forever getting nothing back.
Friend lost R100 000 on property. Neighbourhood going down the toilet. Lost more than half if one considers inflation.
theres a thing called opportunity cost.. which refers to the millions you have tied up in the property which could be generating a real return if invested elsewhere for for the 10 - 20 years you own the property
The thing is, you did not put millions in, you had debt. You did not put your own money in. Once you sell it you get money back. Pay rent and you’ve lost all that money. The deal is even sweeter when you buy property which you rent out. Others pay off your investment, you get an asset that you did not pay for.
@@christocoetzer8171 yes true, if you you used the banks money and have tenants cover your bond payments this can work out in your favour.. not so smart to be a cash buyer
Magnus stays blind to Bitcoin, but he advises off-the-grid, state-proof ??
Bitcoin is not that. Conceal (CCX) is.
He doesn't seem to be able to distinguish between primary residence and investment property. If you are buying to sell at a profit you may want to reconsider or at least try and look to the future and decide whether or not things will improve and whether or not you will be prepared to be in it for the long haul.
As for buying vs renting, I have never heard so much BS in my life. Let's look at it realistically. Whether you pay rent for 20 years or whether you pay off a bond for 20 years the big difference is still that you end up with a sizeable asset after 20 years of paying off the bond vs nothing to show 20 years of renting. Even if your property isn't worth what you thought it would be, you still have something you wouldn't have had if you rented.
It is slightly different if you are buying to rent out but if you are looking at a primary residence renting makes no sense whatsoever.
there is a huge opportunity cost with owning
Awesome
Makes sense.. but the worldwide economies are crashing?
Gotta be very careful of where or wat to invest in.. Everything is going down
Good art is is also a good barrier against a high inflation rate, Good SA art sells well on especially the British auctions. Some British auctioneers will fetch your art in SA. Do find someone knowledgable
to help you select good pieces, If you are not a trader in art, there are no taxes on resale profits. Art has
very low maintenance cost and is very seldomly stolen. One of SA's famous artists now has a museum opened in France to expose 300 of his works in Europe ! Before long, we will not easily afford them in SA.
It might be worth mentioning that" investor art" ( ie not museum quality art) is not protected from the vagaries of fashion. For example , 15 or so years ago ,albeit with some exceptions you could not give SA art away. The converse applied to "European art". Today the opposite applies.
No mention of crypto…which fulfills a collection of not just local, but international challenges as well . The US deficit at 34 trillion could crash the economy at any time, wrecking banks and dollar to huge detriment. Be interested in Magnus perspective in this regard. I certainly know mine
self custody the private keys to a bitcoin wallet and a monero wallet. done. next.
Sorry got nothing left anyways bussines is almost non esistant so sorry for these thiefs 😂
Buy gold
Hi our beautiful RAINBOW NATION brothers and sisters do you know that Mauritius was a Britiish colony which had slaves from Africa et al. To invest in it and become a citizen requires US$500.000 if i am not mistaken. And it's a country in an island of not more than 2 million inhabitants. To invest on it may be a good idea but not a force to be reckoned with compared to SOUTH AFRICA with vast natural mineral resources to use for ourselves. Mines Farms Shopping malls schools neighbors businesses etc. which need our thinking ability and more investment. I myself a bus driver i am investing in mininig material (opencast) which has vast amount of sand and aggregates to create masonry units constructed from selfmade moulds. Is this not part of investing to my Motherland? Make wages of R2500.00 divided to almost 5 part-time labourers. Their Working for not more than 5 hours. That's is an inspiration to me and maybe my Ancestors.
That wasn't actually very helpful..... we have no intention of immigrating, but would like to invest smartly. Needed much more info about that asset swapping thing instead of a fear campaign against South Africa. Every country has it's problems hey. His stance on rent not buy smacks of "you will own nothing and you will be happy", the WEF goal. Wonder what his affiliation is to old Klaus and friends lately......🤔
Good question.....people do not think for themselves
This is a global peoblem. Theee solutions are not solutions at all. Buy gold and silver if uts a ling term investment.... even that ...🤦🏻♀️ ... convert it into CBDC later....??
CBDC?????
CBDC are designed to enslave mankind permanently, no thanks.....
But the Dollar is also going to for a ball of 🙈 and in 2025 America will be in absolute chaos, their economy is going to be worse than Zimbabwe...un time.
No, not really.
Yes, they've been printing money for the longest time. Also, cities are emptying of shops and businesses.
💯 That paper economy is dying a natural death.
Those BRICs fairytales are good for bedtime stories only.
Disagree. USA with a $43Tr stock market and over 300M people..... i dont think so.
What a grifter. Why is this guy still in SA? Selling fear for fat fees - despicable.
He speaks around 100% facts and figures on published data. How about you go crunch some numbers and prove him wrong. I think there is a better chance of SA having stable electricity again than you being able to do that!!😂
The take-away for me is to consider hedging against other currencies and not just ZAR, i.e live here but invest outside of SA.
You can tell this one is not patriotic and has a racist outlook. Look at how many people have made higher returns on investments from investing within South Africa. Real Estate is still being sold at a profit because it partly depends on demand and supply. The talk of just the Western Cape, warning about changing demographics and some parts of Mauritius which are Afrikaans just shows how racial his lenses are. Aaah! He can leave in peace.
😂😂😂😂😂😂😂😂😂
Patriotic?? That's rich, coming from people who want no borders?????😂😂😂😂
You must be very confused 😊
Stop using the race card.
@stevejones1318 Lol so used to telling people what to do.
The audacity to tell another to 'stop' doing something.
It's his observation. And it seems it hit a nerve
How would you like it if someone said STOP telling people how to think! An opinion is like a nose we all have one. You being triggered says alot. He/She might have hit the nail on the head 😂
Magnus is simply a wreck. A Master who has grown up as a fathet figure turned to be preaching lies and misleading. He cannot compare dollar bills to rands. That's incredibly insane and a day dream.
It's just not loving your country and neighborhood but being selfish and full of hatred on the other part. Let's see if he has the power of authority over others as i don't know where he is coming from and where he is heading to. Folks don't be misled by critics who want to enrich themselves at the expense of others. Our children are reading and hearing this nonsense. God give us strength and knowledge of building our beautiful RAINBOW NATION.
😂😂😂
Let's say Magnus wants to start building his country when he has acquired so much wealth which i don't know of maybe Billions would he uplift other neighbors and proudly beat his chest with pride that even in his last days on earth that he has done so good to the children men and women of this South Africa country. None of this peharps his ship is slowly sinking and needs colleagues to come to his rescue. Maybe it's not too late. Let's cast our votes in 2024 and take our country forward. No matter the outcome let the best begin. Don't cry foul Mr Magnus. Don't fool yourself and come with jokes and instill fears to the nation.