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<\/a><\/p>\nHe explains: \u201cWhen we were on Level 2, people were less worried about it, for many it was a nuisance or just a nice break during the day.”<\/p>\n
“People could work around the blackouts and were not terribly vocal. Now that we have experienced Stage 6 loadshedding, it is really serious, and we will start to see action.\u201d<\/p>\n
Van Heerden believes South Africans will soon see action on a national level \u201cwhich will force the whole system to move forward\u201d.<\/p>\n
The stock markets, in South Africa and globally, have also hit a dark patch, but again Van Heerden is not focused on the negative. At times like this, he says, investors will start to look for excellent service and products at low fees, which rewards value and excellence, \u201cwhich is exactly where 10X plays\u201d.<\/p>\n
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- Click here to see more information on the 10X Tax Free Savings Account.<\/strong><\/a><\/strong><\/li>\n<\/ul>\n
\u201cThe most informed investors will sit up and say, where is the opportunity \u2026 but that is another story altogether.\u201d<\/p>\n
Van Heerden adds that the great returns the markets had seen over the past 2 years were unsustainable. And exuberant markets have their downside too, he says: \u201cWhen everybody is making money there is a relaxed attitude about performance and fees.\u201d<\/p>\n
\u201cA 2% or 3% fee on a 15% return is much less relevant than a 2-3% fee on a 5% return. Now that there is downward pressure on markets people will start feeling the fees and demanding better value.\u201d<\/p>\n
And this, he says, is where the light will start to shine on companies like 10X because high-performing, low-fee products will really allow investors \u201cto take advantage of investment opportunities that will arise as a consequence of the current market conditions\u201d.<\/p>\n
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