Investec Focus Radio

Medicine is moving into a world where software spots patterns before humans sense symptoms, and breakthrough therapies can move markets faster than earnings reports. Longevity is rising, costs are climbing, and global healthcare systems are left to wonder whether innovation will save them or bankrupt them first. In this episode of No Ordinary Wednesday, Jeremy Maggs speaks with Dr Jimmy Muchechetere from Investec Investment Management UK to unravel the forces rewiring global healthcare, from the boom-and-bust frenzy around weight-loss drugs to AI promising to predict illness long before it strikes. Podcast key moments: 00:00 Introduction 01:34 Are we reaching the limits of human longevity? 02:13 Are weight-loss drugs a bubble or a structural shift? 04:13 How the White House–pharma deal changes drug pricing 06:58 Who wins and loses in a world with fewer illnesses? 08:10 Why longevity is becoming a macroeconomic risk 10:28 Who holds power in an AI-driven pharmaceutical world? 12:27 How to maintain trust when AI outperforms humans in diagnostics 13:51 How AI is transforming preventative medicine 16:27 Will data expertise surpass clinical expertise? 17:35 Who is accountable when AI influences medical decisions? 18:57 Why regulation must catch up with rapid AI innovation 20:47 Will AI-driven healthcare widen inequality? 22:39 How demographics and geopolitics shape healthcare tailwinds 23:56 How leaders build conviction in a VUCA healthcare landscape 25:22 The next frontier in personalised and preventative medicine Read more on www.investec.com/now Hosted by seasoned broadcaster, Jeremy Maggs, the No Ordinary Wednesday podcast unpacks the latest economic, business, and political news in South Africa, with an all-star cast of investment and wealth managers, economists and financial planners from Investec. Listen in every second Wednesday for an in-depth look at what's moving markets, shaping the economy, and changing the game for your wallet and your business. Investec Focus Radio SA

Are you worried about what your children are doing online or how to handle it if your child is the one causing harm? In this episode of Everything Counts, host Motheo Khoaripe sits down once again with Emma Sadleir Berkovitz, founder of the Digital Law Company and Africa's leading expert on social media law and digital risk. Together, they tackle one of the most difficult topics in parenting today: what to do when your child becomes a cyberbully and how to guide them towards responsible, empathetic online behaviour. From the legal consequences of cyberbullying to the real-world impact of digital actions, this episode explores the cyberspace fallacy and the lasting effects of online harm. You'll learn how peer-to-peer digital abuse manifests, the dangers of oversharing online and how online anonymity fuels online cruelty, all while discovering tools to help your children develop resilience, empathy and accountability. Emma also shares insights on digital literacy, the growing movement for a ‘smartphone-free childhood' and practical strategies for parents to keep children safe online. If you're a parent, teacher or caregiver navigating the challenges of raising kids in a connected world, this episode is your roadmap to understanding, prevention and empowerment. Stay informed, stay intentional and help your children build a healthier relationship with technology, one click at a time. 00:00 Introduction 01:00 How to parent a child that is a cyberbully 02:50 Legal consequences of cyberbullying 04:50 The cyberspace fallacy 07:00 How prevalent is peer-to-peer harm? 11:00 The digital world as an extension of the real world 14:00 The dangers of oversharing online 17:00 Empowering kids with social scripts 17:50 Online anonymity makes cyberbullying worse 19:10 Increase in mental health issues for children 21:00 Smartphone Free Childhood 22:30 Digital literacy starts at a young age 24:30 Parents need to educate children on their online responsibilities 26:30 Tips for parents to keep children safe online 30:00 Conclusion Investec Focus Radio SA

October inflation surprised on the downside in just over half of the major countries that have reported numbers so far. There was no number for the US, due to the government shutdown, but, says Chris Holdsworth, Chief Investment Strategist, Investec Wealth & Investment International, other indicators point to a rate of around 3%, with some upside risk. Investec Focus Radio SA

Global growth is on the rise again, while the US has seen upgrades to its growth forecasts, despite the ongoing shutdown. But while the US seems in good shape, says Chris Holdsworth, Chief Investment Strategist, Investec Wealth & Investment International, there are early signs of softness in China, based on import numbers and high frequency data. Investec Focus Radio SA

South Africa's economic story is balancing between risk and resolve, discipline and delivery. As the country prepares for its first Mid-Term Budget Policy Statement (MTBPS) under a coalition government, National Treasury faces a difficult equation: stabilise debt, restore credibility and still find space for growth. In this episode of No Ordinary Wednesday, Jeremy Maggs is joined by Investec's Annabel Bishop, Tertia Jacobs, and Osa Mazwai to unpack the policy choices shaping the 2025 mini budget. Listen here or watch the discussion on Investec's YouTube channel. [Add link when live] We explore: • Why fiscal consolidation remains the cornerstone of market confidence • How a commodity windfall and better tax receipts are buying Treasury time • The debate over lowering the inflation target and what it means for growth • And whether South Africa's improving structural reforms can finally lift potential GDP Podcast key moments: 00:00 – Introduction 02:51 – What's behind the debt-to-GDP ratio divergence? 05:03 – How closely are markets watching South Africa's debt challenges? 06:40 – How does the debt trajectory intersect with SA's long-term growth prospects? 08:28 – Inflation targeting expectations 09:35 – Would a lower inflation target risk dampening nominal GDP? 11:36 – Revenue vs spending 13:36 – Searching for a new fiscal anchor 15:21 – Is SA on the path to fiscal consolidation? 17:12 – What's driving the government bond rally? 18:16 – Progress on structural reforms 20:44 – To what extent is the fiscal story intertwined with commodity cycles? 22:13 – What rating agencies are looking for 24:30 – How the mini budget could influence the MPC's tone on interest rates 25:57 – What would success look like for the 2025 MTBPS? Read more on www.investec.com/now Hosted by seasoned broadcaster, Jeremy Maggs, the No Ordinary Wednesday podcast unpacks the latest economic, business, and political news in South Africa, with an all-star cast of investment and wealth managers, economists and financial planners from Investec. Listen in every second Wednesday for an in-depth look at what's moving markets, shaping the economy, and changing the game for your wallet and your business. Investec Focus Radio SA

Are you concerned about keeping your children safe online in an age where screens are everywhere? In this episode of Everything Counts, host Motheo Khoaripe sits down with Emma Sadleir Berkovitz, founder of the Digital Law Company and Africa's leading authority on social media law and digital risk, and Ndivhuwo Mulaudzi, a cybersecurity awareness training specialist at Investec. Together, they unpack the realities of cyberbullying, online predators and managing children's online behaviour in today's digital world. From understanding the risks of social media, implementing parental control tools, teaching online safety and digital hygiene, to identifying the warning signs of online grooming, this conversation is a complete guide for parents, educators and guardians looking to keep children safe online. Learn practical strategies to balance screen time, encourage open communication, use parental control apps and educate children about internet dangers. Whether your child is just starting to go online or is already active on social media, this episode equips you with the knowledge, tools and confidence to navigate the digital world safely. Stay informed, stay prepared and make sure your children enjoy the internet while staying protected from online risks. 00:00 Introduction 01:30 Children are online from an early age: Should parents be worried? 02:30 Parental control and monitoring for kids online 04:00 Basic digital hygiene for kids: Online safety practices for families 05:45 Digital literacy and open communication is key to keeping children safe online 07:00 Parental advisory on online games 08:30 Understanding the online risks for children: Cyberbullying and online predators 10:00 Teaching online privacy: How to prepare your child for internet safety 11:50 The legal risks of sharing photos online 13:30 Emotional impact of cyberbullying and online extortion 15:30 How can parents reduce internet risks for their children? 16:20 How parental control tools can help to keep kids safe on the internet 18:15 Best parental control apps explained 21:30 Top online safety tips for parents 24:10 Warning signs for parents to look out for 27:14 Conclusion Investec Focus Radio SA

Japanese and emerging market equities led the way in October, returning 12% and 4% respectively, helping to lift global equities by 2%. Chris Holdsworth, Chief Investment Strategist, Investec Wealth & Investment International looks at how markets have been performing over the last month and year. Investec Focus Radio SA

Deepfakes that fool the eye. Voices that sound real. Attacks that never sleep. As artificial intelligence reshapes both offence and defence, cyber risk has gone mainstream. In this episode of No Ordinary Wednesday, Jeremy Maggs speaks with Investec cybersecurity experts Nomalizo Hlazo and Tash van den Heever about the new era of digital resilience where trust, adaptability and awareness are your strongest defences. Podcast key moments 00:00 - Introduction 01:27 - AI on both sides – Attackers and defenders in the digital arms race 02:52 - 2025: The year cyber risk went mainstream 03:46 - Why digital risk is compounding 05:05 - Building resilience through third-party and supply chain visibility 07:15 - Regulation tightens – Balancing compliance and agility 08:57 - Critical infrastructure under threat 10:32 - Building digital trust in a diverse and connected market 11:48 - The future of cybersecurity: Integrity, speed, and adaptability 13:16 - Quantum computing, AI agents, and hyperconnectivity 13:58 - Cybersecurity as a life skill 14:56 - Closing remarks Read more on www.investec.com/now Hosted by seasoned broadcaster, Jeremy Maggs, the No Ordinary Wednesday podcast unpacks the latest economic, business, and political news in South Africa, with an all-star cast of investment and wealth managers, economists, and financial planners from Investec. Listen in every second Wednesday for an in-depth look at what's moving markets, shaping the economy, and changing the game for your wallet and your business. Investec Focus Radio SA

With three of the world's leading central banks meeting this week, Chris Holdsworth, Chief Investment Strategist, Investec Wealth & Investment International says markets are pricing in a convergence of interest rates by developed markets in the coming months. The Fed is expected to cut this week and aggressively into next year, while the European Central Bank is expected to keep rates unchanged and the Bank of Japan is expected to hike. Investec Focus Radio SA

Are you wondering how to make your money work for you after retirement? In this episode of Everything Counts, host Motheo Khoaripe sits down once again with Kate Robson, Co-Head of Investec My Investments, and Johan Loubser, Head of Adviser Enablement at Investec, to unpack the realities of managing your money post-retirement. From understanding Regulation 28 of the Pension Funds Act and choosing the right financial advisor, to navigating investment and savings strategies, insurance needs, and avoiding impulsive financial decisions, this conversation is your complete guide to maintaining financial stability in retirement. Learn how to balance spending and investing wisely, when to seek a second opinion on your financial plan, and what to consider if you're supporting loved ones as a breadwinner in your later years. Whether you've just retired, are planning to soon, or want to future-proof your finances, this episode gives you the tools, insights, and confidence to make every Rand count long after you've stopped working. 00:00 Introduction 01:50 Post-retirement financial management 05:00 How careful do you need to be with your money after retirement? 06:00 How to manage retirement funds before you retire 07:30 How a financial adviser can help with financial planning post-retirement 09:21 Understanding Regulation 28 of the Pension Funds Act 10:10 What should you look for in a financial adviser? 12:15 Should you get a second opinion on financial advice? 13:49 Investment and savings strategies post-retirement 17:00 Do you need insurance for retirement? 19:33 Managing retirement funds as a breadwinner 21:35 How to avoid being impulsive with the money you get after retirement 25:00 Key points to consider post-retirement 28:00 Conclusion Investec Focus Radio SA

There's good news for the world economy, with the IMF forecasting solid growth for the world economy this year and next, and median inflation in the world's leading economies declining in September. Meanwhile, says Chris Holdsworth, Chief Investment Strategist, Investec Wealth & Investment International, lower oil prices are also providing some stimulus. Investec Focus Radio SA

In this special IMF edition of No Ordinary Wednesday, Cumesh Moodliar, CEO of Investec South Africa, and Ruth Leas, CEO of Investec UK, unpack the signals from this year's meetings in Washington – from the “three Ts” shaping investor sentiment (Trump, technology and tariffs) to the cautious optimism surrounding South Africa's reform momentum. Podcast key moments: 00:00 – Introduction 01:20 – What themes dominated conversations at the 2025 Investec IMF Breakfast? 02:57 - What's top of mind for global investors and banking leaders 06:31 - The IMF has raised its global growth projection to 3.2% for 2025, how does this shape the mood among international investors? 07:17 - Is there more confidence among investors in the UK or is caution still the prevailing mood? 08:17 – How seriously are investors taking IMF global debt warnings? 10:37 - What message did SARB Governor Lesetja Kganyago deliver to the global financial community and how was it received? 13:10 - What was Investec's message about South Africa to international financiers? 13:58 – Is investor sentiment on the UK is improving? 15:12 - What signals are you picking up about investment appetite in the UK and Europe? 15:57 - Is there evidence that SA's reform narrative is gaining traction? 17:59 – Is the global economy on a more stable footing? Read more on www.investec.com/now Hosted by seasoned broadcaster, Jeremy Maggs, the No Ordinary Wednesday podcast unpacks the latest economic, business, and political news in South Africa, with an all-star cast of investment and wealth managers, economists, and financial planners from Investec. Listen in every second Wednesday for an in-depth look at what's moving markets, shaping the economy, and changing the game for your wallet and your business. Investec Focus Radio SA

In this episode of No Ordinary Wednesday, Jeremy Maggs speaks with Zane Bezuidenhout and David Smith, Global Equity Research Analysts at Investec Investment Management in the UK. Fresh from the Deutsche Bank Tech Conference in California, they examine what's substance and what's speculation in the current tech cycle – and why artificial intelligence, still in its very early innings, could redefine how we think about growth and value. Podcast key highlights  00:00 - Tech's global dominance and its impact on markets  01:51 - Why technology remains too important for investors to ignore  02:47 - What makes tech companies fundamentally different from others  03:38 - The rise and power of hyper-scalers in the global economy  05:08 - The AI revolution and how it's reshaping computing  07:34 - Tariffs, export controls, and geopolitical pressures on tech  08:44 - Robotics as a long-term investment theme  09:46 - Investec's Promaths initiative and its national impact  11:44 - Semiconductor supply recovery after global disruptions  13:05 - Building an effective tech investment strategy  14:19 - Areas of the tech market showing signs of overheating  15:16 - Key tech stocks and companies to watch  16:58 - Global opportunities across Asia, Europe, and the US  18:24 - Common misconceptions about the tech sector  19:32 - Closing remarks and where to watch or listen further  Read more on www.investec.com/now Hosted by seasoned broadcaster, Jeremy Maggs, the No Ordinary Wednesday podcast unpacks the latest economic, business, and political news in South Africa, with an all-star cast of investment and wealth managers, economists, and financial planners from Investec. Listen in every second Wednesday for an in-depth look at what's moving markets, shaping the economy, and changing the game for your wallet and your business. Investec Focus Radio SA

The trade dispute between the US and China took a new turn on Friday, as US President Donald Trump threatened 100% tariffs in response to Chinese measures against the US such as export controls on rare earths. Markets responded negatively to the news, says Chris Holdsworth, Chief Investment Strategist, Investec Wealth & Investment International, but the key move was perhaps in the US dollar, which no longer seems to be behaving as a safe haven. Investec Focus Radio SA

Are you worried about whether your retirement savings are safe and working as hard as they can? This episode of Everything Counts dives deep into the realities of moving your retirement savings offshore and what it means for South Africans planning for the future. Join host Motheo Khoaripe as he chats with Investec's Kate Robson, co-head of My Investments, and Johan Loubser, head of adviser enablement, to explore the myths, benefits and risks of offshore retirement investing. From currency risk and diversification to tax rules, estate planning and offshore investment returns, they unpack everything you need to know to make informed decisions. Learn how offshore retirement plans can protect your savings, why spreading your investments across countries and currencies matters, and the steps to ensure your portfolio is aligned with your long-term goals. Discover why careful planning, expert advice and understanding the rules are key to making offshore investing work for you. Whether you're just starting to save, considering retiring overseas, or looking for smarter ways to grow and protect your retirement savings, this episode empowers you to take control of your financial future. 00:00 Introduction 01:58 Offshore investing vs offshore retirement investing 02:45 Offshore investing for people retiring locally vs retiring abroad 05:15 Regulation 28 06:37 Is offshore investing only for the wealthy? 08:33 Benefits of offshore investing 09:48 Timing an offshore investment right 12:18 Matching your retirement savings to where you'll spend 15:35 Tax implications of investing abroad 17:16 Estate planning with offshore investments 20:32 Risk vs reward of offshore investing 21:46 The role of a financial adviser in offshore investments 23:20 Where offshore retirement investing fits into a portfolio 24:52 Conclusion Investec Focus Radio SA

Global equities have had a good run since the Liberation Day jitters in April, with Japan and South Africa being standout markets. Chris Holdsworth, Chief Investment Strategist, Investec Wealth & Investment International says markets are awaiting the next moves, but clouding the outlook has been the US government shutdown, which meant that the September jobs numbers could not be released. September inflation data could also be delayed. Meanwhile South Africa's PMI numbers are improving, which should have a positive Impact on GDP. Investec Focus Radio SA

The US market is trading ~40% above fair value. What could cause those lofty valuations to deflate? This week on No Ordinary Wednesday, Chris Holdsworth, Chief Investment Strategist at Investec Wealth & Investment International, unpacks the key findings of Investec's latest Global Investment View, highlighting risks for global investors and where opportunities lie outside the US, including: Europe is loosening fiscal policy to support growth, China is rolling out stimulus, with commodities rallying in response and in South Africa equities remain cheap with commodities and improving SOEs providing tailwinds. Podcast key moments: 00:00 – Introduction 01:17 - The global investment strategy group keeps its global risk score unchanged 02:48 - What's keeping valuations elevated in the US? 04:04 - AI driven investment providing a new growth engine 05:14 – Inflation risks in the US 05:41 - Why Europe and China look relatively attractive 07:18 – Why do SA risk assets remain cheap? 08:15 – Eskom, Transnet and the SA economy 09:44 - Local bonds have rerated 10:47 – What should investors be watching in the next 12 to 18 months Read more on www.investec.com/now Hosted by seasoned broadcaster, Jeremy Maggs, the No Ordinary Wednesday podcast unpacks the latest economic, business and political news in South Africa, with an all-star cast of investment and wealth managers, economists and financial planners from Investec. Listen in every second Wednesday for an in-depth look at what's moving markets, shaping the economy, and changing the game for your wallet and your business. Investec Focus Radio SA

There have been some mixed messages on the US data front recently. US GDP in the second quarter was revised upwards, even as labour markets have been softer and consumer confidence has been weak. Chris Holdsworth, Chief Investment Strategist, Investec Wealth & Investment International says with a key inflation indicator remaining sticky, this presents challenges for the Fed and the trajectory of interest rates. Investec Focus Radio SA

Worried about the personal risks when your phone and your digital identity, falls into the wrong hands? This episode of Everything Counts dives deep into the realities of phone theft and the ripple effects it can have on your banking, social media, passwords and more. Join host Motheo Khoaripe as he chats with Kevin Hogan, Head of Fraud Risk at Investec and cybersecurity expert Anna Collard to uncover how fraudsters gain access, the myths about phone security and the vital steps you must take immediately to secure your money and digital life. Learn about the importance of long passwords, biometric security, virtual cards for safer online shopping, spotting phishing scams, managing your digital footprint and using tools like remote wipe and password managers. Discover why acting fast, staying vigilant and adopting good digital habits can keep you one step ahead of fraudsters. Whether you've experienced phone theft or want to safeguard your digital world before it happens, this episode empowers you to protect what matters most. 00:00 Introduction 01:20 What do you do if your phone is stolen? 02:00 Phone security isn't bulletproof: weak passwords are common 03:00 How to keep your phone secure: Strong passwords and facial recognition 04:00 Delink stolen device from your banking accounts 05:00 How fraudsters use your WhatsApp, iTunes and social media accounts 06:00 What do fraudsters look for once they have your phone? 07:30 Security tips for online shopping 10:00 The risks of using a credit card 10:40 What are virtual cards and how do virtual cards work? 12:00 How can you check if a website is legit? 13:00 Why you shouldn't use instant EFT payments 15:00 Everyday habits that can lead to digital security risks 16:10 Don't conduct financial transactions in public 16:35 Risk of not updating software 18:00 What is NFC and how does it work? 18:30 Paying using Apple Pay or Google Wallet 20:15 How secure are biometrics features on your phone? 21:00 Remote wipe function: What it is and how does it work? 22:00 What is a faraday pouch? 22:40 How to keep your email account safe 23:45 ISPs in South Africa don't have 2FA for email 24:30 The value of a password manager 26:15 Digital mindfulness: How to stay safe online 27:00 The threat of social engineering 29:15 Update your passwords and change your passwords regularly 30:30 Conclusion Investec Focus Radio SA

It was a busy week on the monetary policy front last week. Chris Holdsworth, Chief Investment Strategist, Investec Wealth & Investment International discusses how the Fed opted to cut rates in response to a softer labour market (despite elevated inflation), while the Bank of Japan kept rates steady, but adopted a hawkish tone. Locally, he looks at how South African real rates remain high after the Reserve Bank left rates unchanged. Investec Focus Radio SA

South Africa's logistics system may be strained, but it is not without promise. In the latest episode of No Ordinary Wednesday, host Jeremy Maggs is in conversation with Vernon Sinden, Head of Logistics at Investec for Business about how innovation, private partnerships and smarter supply chains can unlock growth and boost competitiveness. Investec Focus Radio SA

It's becoming clear that the US labour market is cooling while at the same time inflation is increasing. Therefore, while markets are expecting a cut in US rates by the Fed this week, there could be some risk to the view that the Fed will cut rates another five times over the next year. Investec Focus Radio SA

Worried about the growing threat of cybercrime and fraud targeting your business? This episode of Everything Counts is your essential guide to understanding and combating modern business cybersecurity risks. Join host Motheo Khoaripe as he speaks with Professor Danny Myburgh, digital forensics expert, and Kevin Hogan, Head of Fraud Risk at Investec, to uncover the latest scams like business email compromise, ransomware, fake payment notifications and more. Learn how cybercriminals exploit trust, hijack email systems, use AI-driven tools to impersonate you and manipulate communication channels to steal from your business. Discover practical tips on securing your passwords, spotting fake payment instructions, protecting your email, adopting two-factor authentication and why independent verification is critical. Whether you're a small business owner or part of a larger organisation, this conversation will empower you to strengthen your ‘human firewall' and stay one step ahead of evolving fraud tactics. Tune in to make your business cybersecurity smarter, more resilient and ensure that when it comes to protecting your money and reputation, Everything Counts. 00:00 Introduction 01:25 Common cybersecurity threats businesses are facing 02:40 Increase in scams: Deposit scams, investment scams, crypto scams 03:10 Common types of banking fraud 04:00 How phishing works 05:00 The link between ChatGPT and fraud 05:50 What to look out for: Ransomware and data exfiltration 06:30 Cyberattack statistics in South Africa 07:50 What are fake payment notifications and instructions? 09:50 Social engineering: How fraud targets trust 10:30 Email hacking: Filters targeted by scamsters 15:00 What to do if your email has been hacked 16:20 What is email spoofing? 19:30 How often should you change your passwords? 21:20 Business banking tools to prevent hacks 23:00 Using a password manager 24:20 How cybersecurity training keeps your ‘human firewall' strong 24:57 What does banking security look like? 27:00 Investec Global Client Support Centre 27:15 Conclusion Investec Focus Radio SA

Investors are growing concerned about a possible US recession, as the labour market weakens and PMI numbers decline, notes Chris Holdsworth, Chief Investment Strategist, Investec Wealth & Investment International. Market are now expecting three US rate cuts this year and five next year. Investec Focus Radio SA

The six resources stocks among South Africa's “Magnificent 10” are shining on the back of gold and platinum strength, but can the rally withstand US inflation, China's demand shifts and local logistics woes? Host Jeremy Maggs asks Osa Mazwai, investment strategist at Investec Wealth & Investment International and Campbell Parry, commodities and natural resources analyst at Investec Investment Management. Podcast key moments   00:00 - Introduction 02:03 - South Africa's fiscal position & Transnet challenges 04:16 - Performance of South African resource stocks 06:38 - US inflation & global spillovers 08:40 - Metals outlook: gold, copper & thermal coal 10:14 - Rate cuts & ripple effects on metals 11:31 - South Africa's “magnificent 10” 13:18 - Treasury breathing space from precious metals 15:22 - Global investor perceptions of South Africa 16:48 - Global demand dynamics & tariff pressures 19:05 - Building fiscal resilience beyond commodities 20:46 - Commodities investment outlook Read more on www.investec.com/now Hosted by seasoned broadcaster, Jeremy Maggs, the No Ordinary Wednesday podcast unpacks the latest economic, business and political news in South Africa, with an all-star cast of investment and wealth managers, economists and financial planners from Investec. Listen in every second Wednesday for an in-depth look at what's moving markets, shaping the economy, and changing the game for your wallet and your business. Investec Focus Radio SA

Volatility in many asset classes remains low, despite the unclear outlook for tariffs, US growth, jobs and interest rates. Meanwhile, says Chris Holdsworth, Chief Investment Strategist, Investec Wealth & Investment International, the Fed remains cautious about the US economy, and markets are expecting a cut next month and four to five cuts next year. Investec Focus Radio SA

Planning a dream trip but feeling overwhelmed by flights, hotels and travel budgets? This episode of Everything Counts is your essential guide to smart travel planning. It covers how to get the best value, avoid common pitfalls, and create authentic experiences without breaking the bank. 702's Motheo Khoaripe is joined by Paolo Giuricich (Head of Investec Travel) and Liezl Gericke (Head of International - Africa, Middle East, and Asia Pacific) at Virgin Atlantic to share how industry insiders get more value when they travel: from when to book flights, how loyalty programmes can boost your journey, to using technology and trusted advisors to maximise every rand spent. Whether you're a first-time traveller or a seasoned explorer, this conversation will help you plan smarter, travel better and make every trip truly count. 00:00 Introduction 02:00 Investment in travel: How expectations have changed 03:00 How a travel advisor can help you get the most out of your holiday budget 04:30 Out-of-season holidays and affordable family vacations 06:00 When to best book flights 07:45 Don't bank on last-minute holiday deals 08:50 Avoid peak season travel if possible 10:00 Travel is part of the holiday 12:45 Are airline loyalty programmes worth it? 13:15 Virgin Atlantic loyalty programme 14:50 How bank and airline rewards work together 15:30 Investec Travel benefits 19:45 How to avoid going over your holiday budget 20:00 Best travel apps 20:30 Using AI for travel planning 21:30 Conclusion Investec Focus Radio SA

Inflation is at 3%. The Reserve Bank wants to lock it there. Interest rates are edging down. But the bigger picture is far from settled: • Growth is stuck below 1% • US tariffs threaten trade and jobs • The rand's strength rests on fragile global sentiment • Consumers are squeezed and government finances remain stretched In this episode of No Ordinary Wednesday, Jeremy Maggs speaks to Investec Chief Economist Annabel Bishop about the shifting sands of macroeconomic policy, and what it means for business, households and markets. Podcast key moments: 00:00 – Introduction 01:16 - What's behind the SARB's shift in inflation targeting? And will it or not result in significant rates cut? 04:44 - What would be the key triggers for either accelerating or pausing rate cuts? 07:43 – What sectors are potential bright spots and which structural drags are most likely to keep the annual growth rate anchored near one percent? 11:12 - What scale of impact do you anticipate tariffs will have our growth, trade balance, and broader economic outlook? 13:59 – How resilient is the South African consumer, and where are we seeing the greatest pressure on household spending? 16:22 - The rand has found support from recent dollar weakness, but how much of this strength is simply global sentiment, and how much reflects genuine improvements in South Africa's economic fundamentals? 18:44 - How would you characterise current financial-market sentiment towards South Africa? 23:29 - Which key economic indicators will you be tracking most closely in the coming months, and why do they matter for South Africa's outlook? Read more on www.investec.com/now Hosted by seasoned broadcaster, Jeremy Maggs, the No Ordinary Wednesday podcast unpacks the latest economic, business and political news in South Africa, with an all-star cast of investment and wealth managers, economists and financial planners from Investec. Listen in every second Wednesday for an in-depth look at what's moving markets, shaping the economy, and changing the game for your wallet and your business. Investec Focus Radio SA

Inflation is picking up in the world's leading economies, and while US inflation surprised on the downside, there are signs of inflationary pressures in other areas. According to Chris Holdsworth, Chief Investment Strategist, Investec Wealth & Investment International, it all points to some lively discussion at this week's gathering of central bankers at Jackson Hole. Investec Focus Radio SA

Planning your next trip? Don't leave home without comprehensive travel insurance, warn the experts. In this episode of Everything Counts, Motheo Khoaripe chats to Paolo Giuricich, head of Investec Travel, and Anrieth Symon, head of Travel at Bryte Insurance about the potential risks of relying solely on ‘free' or ‘complimentary' insurance when heading abroad. Together, they break down why travel insurance isn't just a “nice-to-have”, the difference between complimentary and comprehensive travel insurance, as well as what's actually included in your policy. So, when you're planning an international adventure, don't leave your peace of mind behind. This conversation will empower you to make informed, confident travel decisions. 00:00 Introduction 01:30 Why is travel insurance important? 02:30 What is comprehensive travel insurance? 04:45 Does travel insurance cover medical expenses? 06:00 Is travel insurance mandatory? 07:30 What should travel insurance cover? 10:30 Common travel insurance claims 14:00 What does travel insurance not cover? 15:00 Travel insurance exclusions 16:15 How pre-existing conditions affect your travel insurance 17:30 Travel insurance for seniors 18:30 What does travel insurance cost? 19:15 Complimentary vs comprehensive travel insurance 20:30 What does complimentary Investec travel insurance cover? 21:45 Medical travel insurance vs medical aid 25:10 When should you buy travel insurance? 26:00 Travel insurance for South Africans travelling locally 27:00 Conclusion Investec Focus Radio SA

Mixed signals persist for the US economy and its corporates. While there was a notable rebound in the composite PMI in July, there were contrasting outcomes across the different series, and bankruptcies are at five-year highs. Wall Street earnings have been strong, but share buybacks and insider buying also give a mixed message says Chris Holdsworth, Chief Investment Strategist, Investec Wealth & Investment International. Investec Focus Radio SA

In the last decade, we've seen a shift in how the wealthy think and how they define wealth, to one that is more human, reflective and values based. Alexandra Nortier and Marc Romberg, joint heads of Wealth Management at Investec Wealth & Investment International, join Jeremy Maggs on No Ordinary Wednesday to explore how the nature of wealth is changing and how they're responding through gaining a deeper understanding of what's important to their clients. Podcast key moments: 00:00 – Introduction 01:16 – Is there a fundamental shift in how ultra-high net worth individuals perceive wealth? 02:36 – A deeper framework to capture the full complexity of a client's financial life 05:37 – What does a humanised framework to wealth management mean? 09:56 – Security and peace of mind through a humanised framework 10:50 - What are your values and purpose of your wealth? 14:00 – In the age of AI and robo advice, the human role has never been more important 16:47 - How are older wealth creators managing the emotional complexities of relinquishing control? 20:22 - How do you balance the commercial imperatives of active portfolio management with a more reflective human led advisory approach? Read more on www.investec.com/now Hosted by seasoned broadcaster, Jeremy Maggs, the No Ordinary Wednesday podcast unpacks the latest economic, business and political news in South Africa, with an all-star cast of investment and wealth managers, economists and financial planners from Investec. Listen in every second Wednesday for an in-depth look at what's moving markets, shaping the economy, and changing the game for your wallet and your business. Investec Focus Radio SA

Despite a better-than-expected second-quarter GDP print, there are concerns about the US economy as high tariffs kick in and jobs growth stumbles. With nonfarm payrolls revised down sharply, markets now expect US rate cuts next month, despite sticky inflation says Chris Holdsworth, Chief Investment Strategist, Investec Wealth & Investment International. Investec Focus Radio SA

Everything Counts is a bi-weekly podcast series that dives into money and financial wellness, hosted by 702's Motheo Khoaripe. Each episode unpacks practical aspects of personal finance-how to save, spend, invest, and make smart decisions to boost your financial wellbeing. In this episode, Motheo explores the trend of unretirement, where people return to work after retiring or delay retirement past the age of 65. Join experts Kate Robson (co-head of Investec, My Investments) and Nicolette Mashile (award-winning financial literacy author also known as the ‘Financial Bunny') as they discuss what's driving the shift, the impact of poor savings habits, and why early retirement planning is essential. Learn how financial advisers and tax professionals can help you navigate retirement income, tax implications, and the risks of outliving your retirement savings. Whether you're planning ahead or already retired, discover practical tips to secure your financial future and make the most of your golden years. 00:00 Introduction 02:00 What is unretirement? 03:00 Why is unretirement becoming the norm? 05:40 Why you shouldn't withdraw from your retirement savings 07:00 The value of compounding investments 08:00 How to match your current lifestyle in retirement 10:00 Why you need to start planning for retirement early 11:30 What does unretirement look like? 13:00 Unretirement opportunities 14:00 Unretirement and taxation 16:00 The value of a financial advisor in unretirement 17:45 Tax and unretirement 20:00 What happens when retirement funds run out? 21:15 Why you might not have enough saved for retirement 23:30 Make retirement savings a habit 24:30 Conclusion Investec Focus Radio SA

Despite the uncertainty about tariffs, equity markets have been strong around the world, putting the early April declines behind them. This has coincided with a weaker US dollar and a stronger gold price, says Chris Holdsworth, Chief Investment Strategist, Investec Wealth & Investment International. Investec Focus Radio SA

From AI-optimised shelf space to influencer-fuelled fast fashion, global consumer trends are in flux. Global Consumer Analyst at Investec UK, Eddy Hargreaves, joins No Ordinary Wednesday to explore retail innovation, brand strategy, and why selling to today's cautious, connected shopper is trickier than ever. Podcast key moments: 00:00 – Introduction 01:21 – Developed vs. emerging market consumers 02:32 – Inflation, discounts and luxury sales decline 05:05 – How tariffs affect pricing, brand perception and supply chains 07:28 – AI transforming retail 12:36 – Digital media, influencers and personalisation shift 13:07 – Personalisation data at scale 16:07 – Innovation vs. convenience 20:05 – Sustainability ethics under pressure 23:16 – What's driving the demand for tailored products globally? 25:18 – Beverages and energy drinks markets growing 27:28 – Weight loss drugs reshaping food, apparel, and wellness sectors 31:54 – Temporary trends or structural shifts? 33:40 – Rise of Chinese brands Read more on www.investec.com/now Hosted by seasoned broadcaster, Jeremy Maggs, the No Ordinary Wednesday podcast unpacks the latest economic, business and political news in South Africa, with an all-star cast of investment and wealth managers, economists and financial planners from Investec. Listen in every second Wednesday for an in-depth look at what's moving markets, shaping the economy, and changing the game for your wallet and your business. Investec Focus Radio SA

US inflation appears to be heading to 3% by September, above the target rate of 2%. According to Chief Investment Strategist of Investec Wealth & Investment International Chris Holdsworth his may explain the Fed's caution on interest rates, even as Fed chief Jerome Powell remains under pressure from President Donald Trump. Investec Focus Radio SA

In this final episode, we turn our focus to sustainability and innovation. We go back to where it all begins...the land, the soil, the foundation that supports every vine, every bottle, and every story. Host Lerato Motshologane is joined by Rosa Kruger one of SA's most respected viticulturists and the founder of the Old Vine Project. And Johnathan Grieve, the pioneering force behind Avondale Wines. One of South Africa's most forward-thinking biodynamic wine estates. 00:00: Introduction – Old Vines, innovation and alternatives 02:05: Wild and free – Rosa's path to purpose 04:41: Art and agriculture – Johnathan's alternative evolution 06:20: Beyond a buzzword – What does organic really mean? 07:52: More than the soil – A people first approach to sustainability 11:49: The Old Vine Project – Unearthing legacy, celebrating soul 15:58: Listen and learn - Let nature lead the way 22:10: Farming for the future – Longevity and resilience 24:40: Old world, new wisdom – Where does South Africa sit? 27:42: The sustainability dream – Exploring value and vision 29:54: A toast – Growing and glowing together Wine in Focus series page · Investec Focus Radio SA

Discover how your psychology shapes money habits and learn how to build a healthier, more mindful relationship with your finances. In this episode of Everything Counts, we explore how deep-seated psychology and early life experiences shape our financial habits. Host Motheo Khoaripe is joined by Professor Charlene Lew and Investec financial adviser Kgomotso Motlaung to unpack why we sometimes sabotage our savings and how to break the cycle. Learn practical strategies to rebuild a healthier relationship with money − from budgeting and goal-setting to mastering your emotional triggers. 00:00 Introduction 01:50 Psychology behind our money behaviours 02:50 How mindset and personality affects your money behaviour 04:00 How early experiences shape our relationship with money 05:00 Emotional spending and how to stay in control 05:45 Why your relationship with money matters to your financial adviser 07:00 How societal norms affect our relationship with money 08:15 Financial comfort vs discomfort 11:00 The sunk cost fallacy 13:30 How to be rational about financial wellness 14:30 Psychological effects of debt 16:15 How to build positive money habits 18:30 Practical strategies to getting onto a good financial path 20:15 Choosing a financial partner for good financial advice 22:15 How a financial adviser can help you to get your money under control 23:15 The importance of having a vision for the future and setting financial goals 25:15 Conclusion Investec Focus Radio SA

Based on the latest announcement, the effective US tariff rate on imports is now about 18%, the highest since the 1930s. Despite this, says Chief Investment Strategist of Investec Wealth & Investment International Chris Holdsworth, markets remain relatively calm – and the US equity market is still pricing in strong earnings growth – suggesting that the Trump administration won't follow through on many of the tariffs. Investec Focus Radio SA

South Africa has spent more than a decade in economic drift – growing slower than its emerging market peers, losing investor confidence, and missing out on vital tax revenue. So, how do we get back on track? In this episode of No Ordinary Wednesday, Jeremy Maggs is joined by Cumesh Moodliar, CEO of Investec South Africa, and Osagyefo Mazwai, Investment Strategist at Investec Wealth & Investment International, to unpack the hard truths, and outline a roadmap to recovery and long-term prosperity. Podcast key moments: 00:00 – Introduction 02:09 – How will the latest tariffs announced by US President Donald Trump affect the South African economy? 04:36 - How do you interpret the opportunity cost of the lost decade of growth in SA? 07:27 - What should the number one priority be for government? 09:30 – Why is boosting confidence is one of the most powerful levers for growth? 10:27 - What specific reforms do you think will signal that SA is open for business? 12:28 – Has SA we missed the golden opportunity with the commodity boom? 13:59 - How vulnerable is SA to these pressures, and could they complicate our domestic growth strategy? 17:38 - Can current composition of the GNU accelerate reforms quickly enough to match the urgency economic growth? 20:10 - How does South Africa avoid getting left behind in the fight for capital, trade and competitiveness? 21:19 – Is South Africa an attractive investment destination? 22:52 - What could South Africa look like in 2035? Read more on www.investec.com/now Hosted by seasoned broadcaster, Jeremy Maggs, the No Ordinary Wednesday podcast unpacks the latest economic, business and political news in South Africa, with an all-star cast of investment and wealth managers, economists and financial planners from Investec. Listen in every second Wednesday for an in-depth look at what's moving markets, shaping the economy, and changing the game for your wallet and your business. Investec Focus Radio SA

Wednesday is the day when US President Donald Trump's Liberation Day tariffs are set to come into effect. There's still some uncertainty about what will happen, says Chief Investment Strategist of Investec Wealth & Investment International Chris Holdsworth and even a further postponement of the tariffs is a possibility. Investec Focus Radio SA

Everything Counts is a bi-weekly podcast series that dives into money and financial wellness, hosted by 702's Motheo Khoaripe. Each episode unpacks practical aspects of personal finance-how to save, spend, invest, and make smart decisions to boost your financial well-being. In this episode, Motheo sits down with Itumeleng Merafe, head of Investec Private Banking, to explore how a wealth mindset can set you up for financial success. They discuss the habits that set successful people apart – from setting financial goals, to building resilience, staying flexible and investing in yourself. You'll hear powerful insights into the minds of high achievers, how to master the wealth mindset in a world of social comparison, and the difference between savings and investing. Whether you're just starting to learn about money and investing or looking to level up your financial thinking, this episode delivers practical steps and mindset shifts that can help you take control of your future. 00:00 Introduction 01:00 What is a wealth mindset? 03:00 How do you support a wealth mindset on a daily basis? 05:00 How important is flexibility in building long-term wealth? 06:50 How is wealth created through savings? 08:00 Distinctive habits that contribute to financial success 09:30 Delayed gratification and setting financial goals 12:00 The value of mentorship and learning about money 12:30 Balance is key to the wealth building mindset 13:15 How do you start again when things go wrong? 15.40 Mental shifts for cultivating a growth-oriented mindset 18:30 The importance of adaptation 20:45 Leadership and the wealth mindset 22:30 Setting financial goals with a wealth mindset 24:30 Risk taking and understanding your own risk appetite 27:00 Myth busting: what sets successful people apart? 29:30 The role of your financial advisor in wealth building Investec Focus Radio SA

In this fourth episode, we spotlight two women winemakers whose award winning wines and youthful leadership style are transforming the traditionally male-dominated industry. Praisy Dlamini, CEO and winemaker at Adama Wines and Kiara Scott, head wine maker at Hazendal Wine Estate are not just making exceptional wines—they're laying the groundwork for a more inclusive and diverse industry. 00:00: Introduction – What women bring to the wine making process 05:03: From sugarcane to cellar doors – Praisy's path 07:09: How to navigate success and accolades at such a young age 08:51: First, but not the last – Pioneering protégés 10:56: Praisy's leadership style 12:19: Inclusion starts with action 14:08: Promo Trophy Wine Show and where to purchase award winning wines 15:04: Real diversity means representation at the top 18:03: Wine by women - Adding the feminine flair 19:50: Mentorship and multiplication - Growing the next generation 23:21: Resilience in real time - What keeps you going? 25:52: Looking ahead - The dream for SA Wine 28:00: A toast to leadership and legacy 28:30 Closing thanks and where to subscribe to Investec Focus Radio Investec Focus Radio SA