Page 39 - Thetha Issue 6

FINANCE
MONEYSMARTS

Gillian McAinsh asked a few Mandela graduates working at international, African and regional
levels for their forecasts in the areas of investment, banking and finance.
Wherever they are in the world, and in their careers, there is a common
thread to their responses. Despite the current global uncertainty,
they all are clear that this turbulent time may in fact be an economic
turning point – a chance to seize the new opportunities offered by
a changed world.

Johann Jooste

What does the financial future hold? Now based in London, this
After all, just as the world was starting Alumni Award recipient says the
to recover from a global pandemic, current economic upheaval could
a war broke out between a world prove to be “an opportunity for
superpower and its neighbour. the nimble”.
Meanwhile in South Africa, power “To answer the question ’what generation and likely the next too.
cuts, water shortages and political does the financial future hold?’ is “Financial market losses have
uncertainty have complicated the harder,” says Jooste. always been recovered – the right
forecast even more. strategy is patience,” says Jooste.
The former Global CIO Office ‘The right strategy “New and cheaper technologies,
managing director, now CIO at is patience’ new ways to work remotely and
Panagaea Wealth, Johan Jooste “The pandemic has upended the more localised supply chains all
graduated with an honours degree in world economic order in many offer chances for those struggling to
Economics in 1993, after completing profound ways, and a war has broken compete on size under globalisation
his BCom Law and Economics the out in Europe, which will have political to thrive in a new era of increased
year before. ramifications for the rest of our localisation.”

Krynauw Krüger

Another Mandela alumnus now mortgage repayments.”
working in the UK, Krynauw Krüger,
is founder director at Cresco ‘This is an exciting period’
Capital Ltd. Krüger completed However, where there is turmoil,
his BCom Hon, Finance, in 1999 change and flux, there is opportunity
after his BCom Finance and and as an entrepreneur in the
Financial Management. financial sector, this is an exciting
“Undoubtably inflation is period, he says.
wreaking havoc globally, with Specifically, says Krüger, in the
pent-up post-COVID-19 demand, UK unemployment is near all-time
near full employment in the UK and lows due to Brexit’s impact on the
the war in Ukraine being the main European workforce.
drivers,” he says. ”Entrepreneurs are using
“Central banks have started technology to create efficiency
raising interest rates in response but gains through automation, and the
have very limited room to manoeuvre government is deploying incentives
both due to increase of government and grants in many sectors to
cost of debt servicing and pressure stimulate research and development
on domestic households via and growth.”

2022 | mandela.ac.za | 39