He said he often gets approached by people who ask whether they should emigrate, considering South Africa\u2019s problems.<\/p>\n\n\n\n
Roodt explained that instead of seeing South Africa as their source of income, they should realise that the modern economy is based in the cloud.<\/p>\n\n\n\n
If people possess the right skills and have a stable internet connection, they can work and form part of the global economy from anywhere they live.<\/p>\n\n\n\n
He gave the example of a friend which works for a bank in Kenya despite the fact that he has never set foot in the country.<\/p>\n\n\n\n
Considering this reality, South Africa is a pleasant place to live with many attractive features, including excellent weather, braais, and great wine.<\/p>\n\n\n\n
However, Roodt advised people to ensure that they are safe in South Africa, which is a violent country with high levels of crime.<\/p>\n\n\n\n
\u201cSouth Africa is a dangerous place. Make sure that you have all the necessary security measures in place,\u201d he said.<\/p>\n\n\n\n
Another important thing is for people to ensure that their kids receive an excellent education, which focuses on the right skills.<\/p>\n\n\n\n
The focus should be on developing the right skills, rather than merely obtaining a qualification. \u201cWe produce 600,000 matrics every year with a qualification which means nothing,\u201d he said.<\/p>\n\n\n\n
Roodt said the future workplace and economy will require continuous learning to ensure you have the needed skills to contribute.<\/p>\n\n\n\n
Having a diversified portfolio with international assets<\/h2>\n\n\n\n![\"\"](\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/08\/Dawie-Roodt-1-1024x576.jpg\")
<\/a><\/figure>\n\n\n\nRoodt previously said it was important for South Africans to use the liquid and well-regulated financial markets to diversify their portfolio.<\/p>\n\n\n\n
\u201cThe obvious thing is to make sure that you are diversified properly to minimise risk and exposure to a single asset class or a particular country,\u201d Roodt said.<\/p>\n\n\n\n
\u201cThe main thing I have been preaching for a long time is to make sure you have a significant part of your portfolio invested abroad to protect against a weakening currency.\u201d<\/p>\n\n\n\n
Investing abroad also ensures you avoid the effects of high inflation and interest rates in South Africa, which limit the real returns generated by local assets.<\/p>\n\n\n\n
Roodt warned that South Africans still need to be cautious about investing overseas, as many global stock markets are expensive and may be overvalued, particularly US stocks.<\/p>\n\n\n\n
Another way to protect your wealth is to invest in traditional hedges, such as gold or silver, to diversify your holdings.<\/p>\n\n\n\n
Roodt explained that some cryptocurrencies are also increasingly becoming stores of wealth and can be used to hedge against inflation and a weakening currency.<\/p>\n\n\n\n
\u201cDepending on how much wealth you have, it is important to ensure you have the right structure in place to protect your wealth and invest it efficiently.\u201d<\/p>\n\n\n\n
\u201cIf you can remove yourself from your assets, like putting them into a company that is registered outside of South Africa or in a trust, it has the potential to be more tax efficient and more protected.\u201d<\/p>\n\n\n\n
Another critical part of protecting your wealth is to ensure you have a good financial advisor and invest your money with respected financial institutions.<\/p>\n\n\n\n
Roodt also said it is vital to ensure that if someone else is managing your investments, they have a good track record of generating real returns.<\/p>\n\n\n\n
He has previously stated that there are still many investable companies on the JSE, but investors should focus on highly liquid stocks that can be sold at short notice if needed.<\/p>\n\n\n\n
Furthermore, they should invest in companies that provide a rand hedge to protect them from the depreciation of the rand.<\/p>\n\n\n\n
A rand hedge stock is a company that is listed in South Africa while earning a significant portion of its earnings outside of the country in dollars, euros, or pounds.<\/p>\n\n\n\n
Examples of these companies include Naspers, Prosus, Richemont, Anglo American, AB InBev, BHP Group, and Glencore, among others.<\/p>\n","protected":false},"excerpt":{"rendered":"
Renowned economist Dawie Roodt said, despite its significant problems, South Africa remains a good place to live. However, there are important things people should do.<\/p>\n","protected":false},"author":10,"featured_media":807895,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[23640,1459],"class_list":["post-838091","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-biznews-conference","tag-dawie-roodt"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/838091","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=838091"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/838091\/revisions"}],"predecessor-version":[{"id":838362,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/838091\/revisions\/838362"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/807895"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=838091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=838091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=838091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
<\/a><\/figure>\n\n\n\nRoodt previously said it was important for South Africans to use the liquid and well-regulated financial markets to diversify their portfolio.<\/p>\n\n\n\n
\u201cThe obvious thing is to make sure that you are diversified properly to minimise risk and exposure to a single asset class or a particular country,\u201d Roodt said.<\/p>\n\n\n\n
\u201cThe main thing I have been preaching for a long time is to make sure you have a significant part of your portfolio invested abroad to protect against a weakening currency.\u201d<\/p>\n\n\n\n
Investing abroad also ensures you avoid the effects of high inflation and interest rates in South Africa, which limit the real returns generated by local assets.<\/p>\n\n\n\n
Roodt warned that South Africans still need to be cautious about investing overseas, as many global stock markets are expensive and may be overvalued, particularly US stocks.<\/p>\n\n\n\n
Another way to protect your wealth is to invest in traditional hedges, such as gold or silver, to diversify your holdings.<\/p>\n\n\n\n
Roodt explained that some cryptocurrencies are also increasingly becoming stores of wealth and can be used to hedge against inflation and a weakening currency.<\/p>\n\n\n\n
\u201cDepending on how much wealth you have, it is important to ensure you have the right structure in place to protect your wealth and invest it efficiently.\u201d<\/p>\n\n\n\n
\u201cIf you can remove yourself from your assets, like putting them into a company that is registered outside of South Africa or in a trust, it has the potential to be more tax efficient and more protected.\u201d<\/p>\n\n\n\n
Another critical part of protecting your wealth is to ensure you have a good financial advisor and invest your money with respected financial institutions.<\/p>\n\n\n\n
Roodt also said it is vital to ensure that if someone else is managing your investments, they have a good track record of generating real returns.<\/p>\n\n\n\n
He has previously stated that there are still many investable companies on the JSE, but investors should focus on highly liquid stocks that can be sold at short notice if needed.<\/p>\n\n\n\n
Furthermore, they should invest in companies that provide a rand hedge to protect them from the depreciation of the rand.<\/p>\n\n\n\n
A rand hedge stock is a company that is listed in South Africa while earning a significant portion of its earnings outside of the country in dollars, euros, or pounds.<\/p>\n\n\n\n
Examples of these companies include Naspers, Prosus, Richemont, Anglo American, AB InBev, BHP Group, and Glencore, among others.<\/p>\n","protected":false},"excerpt":{"rendered":"
Renowned economist Dawie Roodt said, despite its significant problems, South Africa remains a good place to live. However, there are important things people should do.<\/p>\n","protected":false},"author":10,"featured_media":807895,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[23640,1459],"class_list":["post-838091","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-biznews-conference","tag-dawie-roodt"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/838091","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=838091"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/838091\/revisions"}],"predecessor-version":[{"id":838362,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/838091\/revisions\/838362"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/807895"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=838091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=838091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=838091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}