Money flooding out of South Africa

Brenthurst director Magnus Heystek highlighted that the cumulative combined outflow of money from the JSE since January 2018 now exceeds R1 trillion.

He added that most South Africans experienced a loss of prosperity, with the JSE failing to beat inflation over five years.

He added that most South Africans experienced a loss of prosperity, with the JSE failing to beat inflation over five years.

The local currency has also been a poor performer. It declined from around R12.40/USD in January 2018 to more than R18/USD earlier this week.