Video: VERY IMPORTANT: S.A: Big Business is quietly preparing for BIG PERSON FAILURE – South Africa’s taxi industry.

(:E-:N-:R-AZ:C-30:V)   

[This is complex, but clearly People are seeing that big trouble is coming. It will be best to watch the video. There is an article at the source link. Jan]

Here’s the video: https://www.biznews.com/interviews/2024/02/28/r12-billion-investment-fund-taxi-industry-woes

Heystek on R12bn Income Fund exposed to R800m in taxi industry loss

One of the biggest enhanced income funds – the MI-Plan Enhanced Income Fund – has ringfenced
about R800 million in assets.

One of the biggest enhanced income funds – the MI-Plan Enhanced Income Fund – has ringfenced about R800 million in assets. In this interview with BizNews, investment strategist Magnus Heystek explains why this portion of the R12-billion fund has been side-pocketed for further investigation – after a challenge with an investment directly linked to the taxi industry. He points out that the downturn in the economy, high interest rates, and high unemployment, have left many of the taxi operators unable or unwilling to repay their loans. Heystek gives his take on whether the money is actually lost and how long it could take to be recovered.



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