Early Breakfast with Africa Melane CapeTalk

Dr Ongama Mntimka | Political Analyst & lecturer at the department of history and political studies at Nelson Mandela University 

In a move typical of former president Jacob Zuma's brinkmanship, the MK Party says it's ready to talk to the IFP about a coalition deal.

It has invited the IFP to the negotiating table - some 48 hours before the first sitting of the KwaZulu-Natal legislature on Friday, where the premier, speaker and deputy speaker will be elected.

According to a person close to the developments, the two parties were in an online, mid-morning meeting on Wednesday.

MK Party secretary-general Sihle Ngubane said the MK Party had identified "political ideologies and characteristics that seem to point to some similarities of interest between MK Party and IFP ... in relation to KwaZulu-Natal specifically".

Ngubane said these were:

bringing back dignity to the Zulu kingdom, kings and izinduna;

fast-tracking service delivery to all our people of KZN and stopping corrupt activities that deny them better lives;

catapulting the province to be the major economic hub of South Africa;

And "many more" important opportunities that will make KwaZulu-Natal the centre of attention.

The statement follows indications that the IFP has been hedging its bets on a coalition bloc led by itself, with the ANC, DA, and NFP.
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Sean Kelly | Director at Parity Wealth Managers

Michael Johnson, a legendary sprinter, once remarked that the only person who could beat him was himself, implying that his greatest adversary lay within. This analogy holds true for investors as well – the most formidable obstacles to your investment success often come from your own actions.

As wealth managers at Parity Wealth Managers, we frequently observe that clients who have managed their own portfolios fall into similar pitfalls.

Here are the top three mistakes they make:

1. Trying to time the market

Attempting to time the market is often futile, as emotions like greed and fear lead to poor decisions such as buying high and selling low. Investors frequently exit during downturns and miss subsequent recoveries. For example, after a 20% drop in the S&P 500 in 2020, it rebounded by 12.5% in a month and 59% in a year. Missing just five of the best trading days from 2002 to 2021 could decrease annual returns from 9.5% to 7%. Accurate market timing is extremely challenging.

Prevention strategy: Align investments with your risk profile and use dollar-cost averaging to mitigate timing errors.

2. Panic selling

Loss aversion causes investors to sell during downturns, but losses aren't realized until you sell. Market volatility is normal, and it's important to maintain a long-term perspective to avoid panic selling.

Prevention strategy: Educate yourself to overlook short-term fluctuations and maintain a long-term view.

3. Investing in fads

Investing in trends without fundamental analysis can lead to inflated valuations. It's crucial to base decisions on robust analysis and informed advice.

Prevention strategy: Select and hold on to strong investments based on thorough analysis, avoiding trend-based investing pitfalls.

Conclusion

Avoiding common errors like market timing, panic selling, and investing in fads can enhance performance. Adopting a disciplined, informed strategy protects your portfolio from emotional and misinformed decisions.
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Liezel Van Der Westhuizen | Presenter at Talk Radio 702 / 567 Cape Talk and KFM  

Discover Cool Stool™, a 100% raw, high-fiber seed mix and daily supplement designed to enhance gut health. Our daily fitness and health correspondent, Liezel van der Westhuizen, shares more details about its ingredients, benefits, and how to incorporate it into your routine. Learn how gut health impacts overall wellness, from digestion to immune support, and why it’s essential for a balanced lifestyle.
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Sanusha Naidu is a Political Analyst and joins Africa to speculate on the DA's position in possible coalition conversations in which they might be involved.
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Dr Pradeep Mistry is a Vascular Surgeon and President of the Vascular Society of Southern Africa (Vassa), he joins Africa to speak on Safe Patient – a chat-based service that aims to improve medical literacy in South Africa
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Join our fitness aficionado, Liezel van der Westhuizen, as she shares expert insights into Taylor Swift's training regimen. From strength training to core exercises, discover how Taylor maintains her stamina and dazzles fans with her performances
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