Vestact CEO Paul Theron on #SAElections2019 issues, Steinhoff’s investment outlook

South Africa is on the cusp of pivotal elections, with citizens and investors closely watching the political landscape for clues on the country's future trajectory. In a recent interview with Vestact CEO Paul Theron, key issues such as clean administration, careful economic management, and the need for opposition strength took center stage. Theron, a DA supporter, emphasized the importance of coalitions and a robust opposition to steer policies towards the center and ensure responsible resource management. As a fund manager, Theron also voiced strong opposition to the proposed prescribed assets policy, asserting that it could hinder investment returns and undermine economic growth. Additionally, the interview shed light on the notorious Steinhoff saga, highlighting the magnitude of deception and financial turmoil that has unraveled in the wake of the scandal. Theron painted a grim picture of Steinhoff's future, expressing skepticism about any potential recovery and questioning why the stock still holds any value in the market. With mounting debt, operational setbacks, and shareholder disputes plaguing the company, Theron's assessment painted a stark reality of the once-prominent entity's downfall. As South Africa navigates through the complexities of elections and economic challenges, Theron's insights serve as a sobering reminder of the critical need for transparency, accountability, and prudent decision-making to safeguard the country's interests and instill investor confidence.