People are simply retiring with not enough money - Magnus Heystek

Following the passing of legendary media stalwart Allan Greenblo, Magnus Heystek and Alec Hogg reflect on the impact Greenblo had on the South African financial journalism landscape. Greenblo was fiercely independent with no hidden agendas, which is a similar characteristic shared by the hard-hitting Brenthurst Wealth founder. The conversation is dominated by pension funds and similar types of products to which many South African savers have fallen victim over the past decade. Owing to draconian investment restrictions within Regulation 28, retirement funds have had large exposure to South African investment instruments, most of which have performed poorly over the better part of the decade. Heystek argues that many of the country’s largest financial services institutions are partly to blame as the poor investment performance returns seem to have been swept under the rug.