Magnus Heystek - Rand's collapse rewarding smart money that listened, punishing amateurs who didn't - and may not be over

Independent financial advisor Magnus Heystek, a long-time advocate of offshore investing, is back in top form after his clients' portfolios have rocketed over the past few weeks as the South African Rand fell sharply. In this podcasted interview with Alec Hogg of BizNews.com, the founder of Brenthurst Wealth unpacks reasons for the currency's plunge - and warns it may not be over. He also shares advice on what to do next and takes a swing at SA's financial sector where comparison by fund managers between themselves is outlawed, leaving many of their clients unwittingly supporting poor performers. Learn more about your ad choices. Visit megaphone.fm/adchoices