Walter Aylett at BNIC#2: Why South Africa is “scary cheap” – and where he’s placing his bets

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At the second BizNews Investment Conference in Hermanus, Walter Aylett, founding fund manager of Aylett & Co, outlined his investment philosophy shaped by Buffett and Munger’s discipline. He shared lessons from backing WeBuyCars early, stressing patience, honesty, and owner-driven businesses. Aylett warned against over-trading, likening true investing to the tortoise beating the rabbit. He sees South Africa as “scary cheap” with opportunities in Spar, hospital groups, and bonds, while stressing margin of safety and integrity. Blending personal anecdotes with sharp observations on politics, gold, and global markets, Aylett underscored that long-term thinking and trust in the right people remain the investor’s edge.

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2 Oct 2025 11AM English South Africa Investing · Business News

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