People casting their votes at Fusion Secondary was School in Lotus Garden, Pretoria. South Africa. 08/05/2019. Ntswe Mokoena / GCIS
The match lasted the full 12 rounds, it was generally uneventful and it was decided on points without any spectacular knockout.
People casting their votes at Fusion Secondary was School in Lotus Garden, Pretoria. South Africa. 08/05/2019. Ntswe Mokoena / GCIS
I had a strong sense of déjà vu over the weekend: the results of the elections took me right back to May 2015, and the famous boxing match between Floyd Mayweather and Manny Pacquiao.
This fight was one of the most anticipated events in boxing history, and was given the grandiose name of Fight of the Century. Mayweather earned more than $200 million dollars for one night’s work, but the broadcasters and fans were disappointed.
The match lasted the full 12 rounds, it was generally uneventful and it was decided on points without any spectacular knockout.
South Africans may feel equally deflated now that our election results are out: Gauteng is once again in the hands of the ANC, where they scraped through with 50,2%, and so is KZN with 54,2%, while the DA retained the Western Cape with 55,5% of the vote.
Also read – South African elections 2019: Results and investments
From an investment point of view, however, stability and a lack of surprises are a good thing. So let us do something slightly boring and look at that which stayed the same:
So how do we invest? We do like Mayweather did – we are in this for the long game. So make sure that you have a diversified portfolio. And if you kept some money on the side to invest after the elections, diversify over time by gradually filtering it into the stock market. Personally, I will be acquiring some Satrix FINI this week.