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Cyril Ramaphosa is now the ANC president.

What does that mean for South Africa and investors?

The Money Show’s Bruce Whitfield interviewed Galileo Capital Personal Financial Advisor Warren Ingram.

  • The vote was very close and the split between the top six probably means the new leadership is not as business friendly as investors hope.

  • Exchange rates have strengthened drastically. Should you take more money offshore?

  • Will Zuma step down or will the ANC recall him speedily? The answer has big implications for investors and ratings agencies. A quick resolution to the Zuma problem and a Cabinet reshuffle could be great for investors. The alternative could be damaging in the short term, but potentially positive in the long run.

For more detail; listen to the interview in the audio below (and/or scroll down for quotes from it).

You need a quarter of your investments outside of South Africa… If you have no money overseas, then the decision is simple…

Warren Ingram, Galileo Capital

How do you protect yourself against a Steinhoff? You have to have your eggs spread across a number of baskets.

Warren Ingram, Galileo Capital

It [the JSE] is a good place to put your money… Most of the top 40 companies are not really related to the health of the South African economy…

Warren Ingram, Galileo Capital

Don’t commit a lump sum to the market… phase it in over, possibly, 12 months…

Warren Ingram, Galileo Capital

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This article first appeared on 702 : What Cyril Ramaphosa means for your retirement fund and/or other investments

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