ANALYSE THIS: Nedbank CIB’s Ridwaan Loonat
We analyse property analyst at Nedbank CIB Ridwaan Loonat
If someone came to you tomorrow with R100m to invest in just one company, which would it be?
Excluding Nedbank of course, it would have to be Mastercard. The company has a credit card payment network across 150 currencies and 210 countries and has proved its ability to grow earnings through economic cycles. About 80% of global transactions are still in cash, so the size of the opportunity is immense. Its balance sheet is strong, and management have shown they have the ability to transition the business from plastic-based card payments to digital-based payments.
If you found a lottery ticket tomorrow that had won $100m, what would you do with it?
The banker in me would say: "Invest." Other than that, a whole lot of travelling, donating to charity and buying a 1961 Ferrari 250 GT California SWB Spider.
What’s your favourite song?
As a young father of two, I’ve been brainwashed into thinking it’s the PAW Patrol theme song.
If you could fix one thing in SA today, what would it be?
Nelson Mandela said education is the most powerful weapon you can use to change the world. There are many issues facing SA’s education system, and access to better education would have a knock-on effect, ultimately improving the unemployment rate and alleviating poverty.
What is your most treasured possession?
A 25-year-old Raymond Weil watch handed down to me by my father.
On what occasion do you lie?
Only when I need to save my life, like when my wife asks how her cooking is.
What was your last purchase?
A peppermint Aero. My next? Another!
What is your greatest extravagance?
Travel is the only thing you buy that makes you richer.
Name a place you’ve been to that lives up to the hype?
Istanbul: a vibrant city rich in culture and history, where Western and Eastern influences come together. And to top it off, watching Galatasaray in the Uefa Champions League.
What was your first pay cheque?
It was about R8,500. I treated my family to a lovely dinner and spent the balance on a 2010 Soccer World Cup commemorative gold coin set.
What’s the worst investment you’ve ever made?
The 2010 Soccer World Cup commemorative gold coin set. Despite gold being up 50% and the rand weaker, I was lucky to get my money back.
Apple or Samsung (or Nokia)?
Definitely Nokia — battery, battery, battery.
Do you own bitcoin or any other cryptocurrencies? Why?
No. It still lacks proof of concept, as well as regulation and decentralisation.