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Assessing and promoting civil and minority rights in South Africa.

[Source: Moneyweb by Ryk van Niekerk.]

Over the past few years Moneyweb and Brenthurst Wealth have presented the ‘SA Quo Vadis?’ series of seminars around the country. These seminars analyse the key challenges facing South Africa and the impact they will have on your money, investments and retirement planning. The series kicks off on June 18 in Pretoria this year. The core theme is Land Expropriation Without Compensation – Your Money, Your Business, Your Property.

Magda Wierzycka, CEO of Sygnia Asset Management, is now on the line. She is also one of the keynote speakers at the event. Magda, welcome to the show. Why will the policy of expropriation of land without compensation affect people financially?

MAGDA WIERZYCKA: Well, you know it is very difficult at this point to say whether it actually, once implemented, will or won’t affect people financially. It certainly can benefit people, those who do get access to land. But it still remains to be seen whether anyone is actually financially hurt by the policy. I think that, from what we are seeing, Cyril Ramaphosa is trying to find creative ways of achieving land redistribution without necessarily having to resort to changing the Constitution. So I wouldn’t automatically assume that people are going to be prejudiced by the redistribution policy.

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South Africa at a Glance
57 700 000 (mid 2018 estimate)
4.9% y/y in August 2018 (CPI) & +6.3 y/y in August 2018 (PPI)
-0.7% q/q (2nd quarter of 2018)
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