Magnus Heystek: SA on road to bankruptcy – now gradually, soon suddenly

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Magnus Heystek and I began our careers in financial journalism in the same year – 1980 – and in the same building – Perskor, Height St, Doornfontein. Our desks were a floor apart, he with the long departed Die Transvaler; me with The Citizen. In the three and a half decades since, we’ve played lots of golf and broken bread many times. Magnus has a fine mind and a talented pen.

He possesses the rare combination of being able to accurately interpret trends and then communicate them in language we can all understand. He has also made some superb calls – was way ahead of me on offshore investing; residential property, Mauritius and, more recently biotech companies.

Which is probably why he has built a substantial financial services business – Brenthurst Wealth, on whose website this article first appeared – while I’ve kept trying to beat the odds in media. Magnus is at his best when communicating his personal thoughts to clients.

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