Nedgroup Investments Insights

In this week's Market and Economic Wrap, Tumisho Grater, Multi-Manager Investment Analyst, explores the renewed uncertainty gripping global markets after President Trump proposed a flat 15% global tariff. The episode looks at how this shift is reshaping winners and losers across regions, why long‑standing US allies face the biggest squeeze, and what the mixed market reaction reveals about underlying tensions. Tumisho also unpacks the implications for South Africa, including potential export improvements and the importance of policy certainty, along with movements in the rand, commodities, inflation and key considerations ahead of the National Budget. LinkedIn · YouTube

In this episode, Trevor Garvin, Head of Multi-Manager at Nedgroup Investments, breaks down President Cyril Ramaphosa's 2026 State of the Nation Address. He highlights the key themes shaping South Africa's political and economic landscape, including the country's cautiously improving economy, the Government of National Unity's three strategic priorities, the urgent crackdown on organised crime, the newly declared national water crisis, and the push for stronger local government and infrastructure reform. A clear takeaway: while stability is returning in some areas, most notably energy, the year ahead will be defined by delivery, accountability, and visible progress on the ground. LinkedIn · YouTube

This week's Market & Economic Wrap covers the major political shifts, market movements and global economic signals shaping sentiment right now. From Eskom's tariff updates and UK political pressure to currency moves, commodity trends and upcoming central bank decisions, Trevor Garvin unpacks what investors need to know in under 10 minutes. LinkedIn · YouTube

In this episode, Mansoor Narker, Senior Investment Analyst, sits down with Andrew Headley, Portfolio Manager of the Nedgroup Investments Global Equity Fund, for a candid discussion on quality investing and the discipline required to deliver real long-term returns. Together, they explore why a long term, inflation plus return lens is the right one despite recent style rotations, how quality is measured holistically within the Global Equity Fund, where stored performance potential may lie in the portfolio, and what investors should remember when noise is high and conviction is tested. Tune in to this incredible conversation to hear more about the power of discipline in investing. The information contained in the podcast was for information purposes and does not constitute advice, recommendation, or an offer or solicitation to purchase or sell any funds or strategies to any person in any jurisdiction in which the offer, recommendation or solicitation would be unlawful. The opinions expressed are as of the date of publication and subject to change without notice. Any reliance placed on information contained in this material is at the sole discretion of the listener. All investments involve risks. For further information about our funds and the full legal disclaimer visit our website www.nedgroupinvestments.com. Nedgroup may and does seek to do business with the entities discussed in this podcast, so listeners should be aware that there is the potential for a conflict of interest surrounding the objectivity of the podcast. LinkedIn · YouTube

In our latest market and economic wrap, Tumisho Grater, Multi Management Investment Analyst, breaks down the forces driving sentiment both locally and abroad. Global markets are navigating a complex web of strong earnings momentum, elevated equity valuations, shifting currency dynamics, and renewed geopolitical uncertainty. With more than 90 S&P 500 companies' due for reporting, including Apple, Meta Platforms and Microsoft - earnings remain a key focus. While results have been encouraging, concerns about stretched valuations and increasing concentration in mega cap technology stocks are rising. This shift in market structure is contributing to sustained strength in gold, which has now broken above $5 000 per ounce for the first time. Listen to the full episode for more insights. LinkedIn · YouTube

In our first market and economic wrap for 2026, Trevor Garvin, Head of Multi-Management at Nedgroup Investments, explores the global and local forces shaping markets. From escalating geopolitical tensions and record-breaking equity returns to South Africa's rand strengthening to a three-year high, we unpack the trends driving investor sentiment. Discover how booming commodity prices, oversubscribed infrastructure bonds, and easing inflation are influencing confidence, while gold and platinum continue their spectacular rally. Tune in for insights on what these developments mean for markets as we step into the new year. LinkedIn · YouTube

Join Trevor Garvin, Head of Multi-Management at Nedgroup Investments, as he reflects on a transformative year for South Africa and global markets in our final Market and Economic Wrap podcast for 2025. From political shifts under the Government of National Unity and Eskom's turnaround to record-breaking equity returns and a historic credit rating upgrade, 2025 was a year of resilience. Trevor also explores global trends, monetary policy pivots, and what lies ahead for 2026—highlighting opportunities and risks for disciplined investors. LinkedIn · YouTube

In this 10-minute Insights podcast, Rob Johnson, Head of Investments at Nedgroup Investments, sits down with Nic Andrew, Managing Executive, to explore a powerful mindset shift: viewing spending as the other half of investing, an intentional choice that safeguards long-term goals rather than eroding them. Drawing inspiration from Morgan Housel's The Art of Spending, Nic shares practical, values-driven habits designed to help investors stay confident and committed through uncertainty. With a forward-looking perspective on early 2026, the conversation distils three enduring principles: uncertainty is constant, flexibility matters, and time in the market wins. LinkedIn · YouTube

In this week's episode of the market and economic wrap, Trevor Garvin, Head of Multi-Management at Nedgroup Investments unpacks the factors driving the rand's recent strength, including revived expectations of US rate cuts and the impact of South Africa's successful G20 Summit hosting. We explore key political developments at home, global equity market trends, commodity price movements, and why platinum is surging. Plus, a look at the Springboks' dominant European tour and the nail-biting F1 season finale. LinkedIn · YouTube

In this week's market and economic wrap, Tumisho Grater, Multi-Manager Investment Analyst at Nedgroup Investments explores the South African Reserve Bank's upcoming interest rate decision, which is delicately balanced between holding and cutting rates. With inflation forecasts edging higher, a new fixed 3% target, and global disinflationary trends shaping the backdrop, we unpack what these developments mean for the rand, local markets, and investor sentiment. Tune in for insights on global equity performance, currency dynamics, and what to watch in the week ahead. LinkedIn · YouTube

Join Trevor Garvin, Head of Multi-Management at Nedgroup Investments, and Isaac Matshego, Senior Economist at Nedbank, as they unpack South Africa's 2025 Medium Term Budget Policy Statement (MTBPS). In this special Market and Economic Wrap episode, they explore the country's economic outlook, fiscal and monetary policy shifts, debt stabilisation, and structural reforms. Gain expert insights on growth drivers, investment opportunities, and the risks shaping South Africa's economic future. LinkedIn · YouTube

Training one advanced AI model emits the same carbon as 300 cross-country flights. Meanwhile, water demand is projected to outstrip supply by 2050. Tune in to episode 5 of Sustainable Returns as David Levinson talks to Madhushree Agarwal, Portfolio Manager at Nedgroup Investments UK, about these issues and why they both have huge implications for markets. Madhushree also shares more on AI's carbon footprint because while it is revolutionising industries, it comes at a steep environmental price. Data centres consume large amounts of energy and water, which is raising urgent questions about sustainability. Plus, insights on the global water crisis - from desalination to smart irrigation, find out where risk meets opportunity for investors. LinkedIn · YouTube

In this week's Market and Economic Wrap, Trevor Garvin, Head of Multi-Management at Nedgroup Investments covers a dynamic mix of global and local developments. From the high-stakes New York mayoral elections and the diplomatic breakthrough between Presidents Trump and Xi Jinping, to South Africa's final month as G20 host and the inspiring performance of the Protea's women's cricket team in the ODI World Cup. On the markets front, Trevor unpacks the rand's movements, global currency trends, and key shifts in equities, bonds and commodities. Tune in for insights on what's driving investor sentiment and what to watch in the weeks ahead. LinkedIn · YouTube

In this episode of Sustainable Returns, David Levinson interviews Vuyolwethu Nzube, ESG Analyst at Truffle Asset Management, to examine the growing significance of the social dimension within ESG frameworks. Their discussion highlights the need for substantive action beyond policy statements, drawing on practical examples such as the 2024 Giorgio Armani supply chain incident and its implications for investors. Plus, the impact of social risks on organisational reputation and financial performance, methodologies for evaluating both systemic and incident-specific social risks, and the alignment between safeguarding long-term investment value and upholding human rights. LinkedIn · YouTube

In this week's episode of the Market and Economic Wrap, Tumisho Grater, Multi-Manager Investment Analyst explores the shifting global economic landscape, highlighting the IMF's revised growth outlook, China's slowing GDP, and the US Fed's dovish stance amid labour market concerns. The discussion covers resilient US equities driven by AI optimism and strong earnings, record-breaking gold prices, and South Africa's ambitious R2.2 trillion energy infrastructure plan. Locally, inflation trends and currency movements are also unpacked, offering a comprehensive view of macroeconomic forces shaping markets. LinkedIn · YouTube

Ambition often drives sustainability narratives, but credibility sustains them. In this episode of Sustainable Returns, David Levinson and Anthony Walker, ESG Specialist at M&G Investments, explore how Sappi, a South African pulp and paper leader, is redefining climate responsibility through realistic, transparent, and data-driven goals that reflect South Africa's energy and infrastructure realities. Sappi's commitment to reduce Scope 1 and 2 emissions by 41.5% by 2030 and reliance on 63% renewable energy globally shows that meaningful progress doesn't always require bold promises, just credible ones. LinkedIn · YouTube

In this new episode, Anil Jugmohan, Senior Investment Analyst and Rashaad Tayob, Portfolio Manager of the Nedgroup Investments Stable Fund, share firsthand insights from their recent research trip to China. They unpack macroeconomic takeaways and sentiment on the ground, such as the recovering Chinese consumer and high-quality growth. You will also learn more about what stood out in terms of infrastructure, innovation, and progress on urbanisation, and whether Rashaad considers China to be an emerging market or the most dominant economy in the world. Tune in to hear how this trip has influenced Rashaad's conviction on existing positions held by the Stable Fund, spotlighted emerging opportunities, and revealed new risks. Plus, don't miss their closing reflections and the one insight every investor should take away from this experience. LinkedIn · YouTube

In this week's episode, Trevor Garvin, Head of Multi-Manager at Nedgroup Investments unpacks the latest global developments, including political upheaval in France following the resignation of Prime Minister Sébastien Lecornu, and renewed hopes for peace in the Middle East. He also covers key market movements, from the strengthening rand and rising gold prices to global equity rallies and commodity shifts. Plus, a quick look at the Springboks' thrilling Rugby Championship win and the start of the ICC Women's Cricket World Cup. LinkedIn · YouTube

In this episode, Seugnet de Villiers and Trevor Garvin explore how South Africans over 50 can still unlock meaningful growth and flexibility through a Tax-Free Investment (TFI) account. Using a real-life case study, they illustrate how even late starters can benefit from compounding, asset allocation freedom, and tax-free returns — all while supplementing traditional retirement savings. Whether you're approaching retirement or advising someone who is, this episode offers practical insights to help make your retirement more resilient, rewarding, and tax efficient. LinkedIn · YouTube

South Africa's pension and retirement fund sector sits at the intersection of financial security and social transformation. As unemployment, inequality, and climate change intensify, ESG principles are no longer optional, they are essential. In this episode of Sustainable Returns, David Levinson speaks with Andile Hlanti, Institutional Consultant, about how ESG is reshaping the future of retirement investing in South Africa. They also discuss why trustees are moving from a compliance mindset to an impact-driven approach and the unique design of the Nedgroup Investments Multi-Managed Future Focus Equity Fund, managed by three investment-led and black-owned asset managers. LinkedIn · YouTube

In this week's episode, Tumisho Grater, Multi-Manager Investment Analyst, unpacks a wave of central bank decisions that shaped global market sentiment. From the U.S. Fed's rate cut and its implications for inflation and dollar stability, to the SARB's steady stance and the rand's resilience, the episode explores how monetary policy is influencing investor behaviour. Tumisho also covers equity market movements, including Nvidia's AI-driven rally and the impact of Trump's visa policy on Indian tech stocks. With key U.S. inflation and GDP data on the horizon, this episode offers timely insights into what's driving markets now—and what could come next. LinkedIn · YouTube

We are excited to launch Sustainable Returns with David Levinson, a new podcast series by Nedgroup Investments exploring the intersection of finance, sustainability and responsible investing. In the first episode, David Levinson, Head of Responsible Investment, begins with a reflection of where we are and where we are going on the path towards sustainability, and he explores the financial and societal costs of climate-related disasters. 2024 proved that extreme weather events are no longer distant risks, they are here and reshaping economies. From the rise of catastrophe bonds to the investment opportunities in resilient infrastructure and renewable energy, this episode unpacks how investors can navigate and respond to the economics of a changing climate. LinkedIn · YouTube

Artificial Intelligence (AI) is reshaping industries everywhere, and financial advice is no exception. In this episode of the Value of Advice, Luthando Mzilikazi, Regional Manager: Gauteng, looks at how AI tools are changing the way advisors and clients interact, from data-driven insights to personalised investment strategies. But can AI replace human advice? Or is the future about expertise supported by smart technology? Tune in as Luthando explores how AI is redefining trust, relationships, and the value of financial advice. LinkedIn · YouTube

In this week's market and economic wrap, Trevor Garvin, Head of Multi-Management, covers a range of global developments. From the devastating earthquake in Afghanistan to political upheaval in France, and ongoing migration debates in the UK, the episode explores how these events are shaping market sentiment. On the sporting front, Alcaraz and Sabalenka claim US Open titles, while South Africa's rugby teams make headlines. Trevor also breaks down the latest movements in equity, bond, and commodity markets, with a spotlight on the Fed's potential rate decision and its impact on global financial trends. LinkedIn · YouTube

Your relationship with your financial advisor matters and the type of advisor you choose can shape your entire financial journey. In episode 4 of the Value of Advice, Luthando Mzilikazi, Regional Manager for Gauteng, unpacks the difference between tied and independent advisors in South Africa, and why the choice is about more than just products. Listen now to discover what each model offers and how they align with different investor personalities. The right match between you and your advisor can bring clarity, confidence and long-term success. LinkedIn · YouTube

In this episode, Tumisho Grater unpacks the key themes shaping global markets, from Jerome Powell's Jackson Hole speech and its implications for US interest rates to the evolving balance between inflation and employment. We explore how these developments are influencing the US dollar, the South African rand, and global equity markets, with insights into Asia's rally, Europe's cautious tone, and Wall Street's tech-driven momentum. Plus, we look at the FTSE/JSE All Share Index's historic run and what lies ahead as investors await critical US inflation and payroll data. Whether you're an investor or simply want to stay informed, this episode breaks down the trends and risks you need to watch to navigate today's uncertain economic landscape. LinkedIn · YouTube

Stay ahead of the curve with this week's market and economic wrap podcast. In this episode, Trevor Garvin dives into the latest developments, including the implementation of US tariffs and their impact on South Africa, a significant repo rate cut by the SARB, and key movements in the global market. Discover insights on currency shifts, commodity trends, and the political events making the headlines, from local enquiries into police corruption to border conflicts in Asia and new defence strategies in the Middle East. Whether you're an investor or just looking to stay informed, this episode breaks down what you need to know to navigate today's turbulent economic landscape. LinkedIn · YouTube

Join Tumisho Grater, Multi-Management Investments, for the latest market and economic developments in this episode titled, “From Wall Street to Sandton: Markets defy gravity and geopolitics.” Discover how both the S&P 500 and Nasdaq continue breaking records and hear insights into the JSE All Share Index's historic climb. Tumisho also explores the impacts of US tariff policies and global inflation figures, offering expert analysis on what these mean for future rate changes. Stay informed with this comprehensive market wrap and gain a deeper understanding of the forces shaping today's economy. LinkedIn · YouTube

Trevor and Seugnet come together again to discuss why maintaining equity exposure is crucial for financial security before and after retirement. Learn how to stay focused on long-term growth despite market volatility and understand the importance of outpacing inflation to preserve your purchasing power. With expert commentary and compelling statistics, this three-episode series is a must-listen for anyone looking to build a robust retirement strategy. Tune in and discover how to stay the course for a financially secure future. LinkedIn · YouTube

In episode 2 of this podcast series, hosts Trevor Garvin and Seugnet de Villiers tackle the multifaceted world of retirement planning and explore why maintaining equity exposure is vital even after retirement. Discover how growth assets can safeguard savings against inflation and extend their longevity, despite market volatility. With real-life examples, such as John's journey from retirement at 60 with R3 million, Trevor and Seugnet highlight the importance of patience and long-term investment fundamentals. Tune in and transform your retirement experience. LinkedIn · YouTube

Join Trevor Garvin, Head of Multi-Management, and Seugnet de Villiers, Multi-Management Fund Manager, in this first episode of the Retirement Reimagined podcast series. In this episode, they explore a question that may seem counterintuitive: Is playing it safe actually the riskiest move when saving for retirement? Listen as they dissect the long-term performance of South African equities, the impact of market volatility, and the crucial role of equity exposure in retirement planning. Learn about the significant shifts in investor behaviour over the past decade and why staying invested in high equity funds might be more beneficial in the long run. Don't miss this insightful discussion that challenges conventional wisdom on retirement saving strategies. LinkedIn · YouTube

In this week's Market and Economic Wrap episode, Trevor Garvin discusses the latest events and announcements, including Proteas cricket captain, Wiaan Mulder's record-breaking performance, Lando Norris's first win at the British Grand Prix, and Elon Musk's new political party. He also unpacks the implications of President Trump's new Big Beautiful Bill, the impact on Tesla shares, and the potential consequences of the delayed import tax hikes. Tune in to stay informed on the latest market trends and economic developments. LinkedIn · YouTube

Welcome to the second episode of our Flagship Fund Range series, "Inside the mind of a fund manager." In this episode, Mansoor Narker, Investment Analyst, sits down with Iain Power, the CIO of Truffle Asset Management and one of the four portfolio managers of the Nedgroup Investments Balanced Fund. Join us as Iain shares his insights on achieving consistent performance amid market complexities, the fund's impressive returns, and his strategic outlook for the future. Tune in to gain valuable knowledge from one of the industry's leading experts. LinkedIn · YouTube

In this week's episode, Tumisho Grater provides a comprehensive update on the latest market and economic developments. Tumisho explores the surprising US attacks on Iranian sites and the subsequent reactions from global markets. Despite the heightened geopolitical tensions, oil prices have unexpectedly dipped, leaving investors puzzled. She further analyses the potential impacts on global growth and inflation and discusses the resilience of the US economy amid these challenges. Additionally, hear more about the recent developments in South Africa, including a significant loan from the World Bank aimed at supporting crucial infrastructure reforms. Tune in for an insightful wrap-up of the past week's key events and their implications for the market. LinkedIn · YouTube

Join Trevor Garvin for this week's market and economic wrap, titled: "Markets ignore Trump and Musk feud while Rand continues to rally." In this episode, Trevor discusses the European Central Bank's interest rate cut, US President Donald Trump's call for a significant interest rate cut, the ongoing US-China trade discussions, and the heated feud between Elon Musk and Donald Trump. He also provides insights into key market movements, bond and commodity market updates, and the Rand's performance. Don't miss out on this comprehensive analysis of the latest market trends and economic developments. LinkedIn · YouTube

In this hard-hitting episode 3 of the value of advice series, Luthando Mzilikazi explores the growing accessibility and trust challenges facing South Africa's formal savings industry and unpacks five systemic barriers that impact low-income investors, the high cost of poor communication and governance, what providers are doing to restore trust and practical insights for investors navigating the system. She also tackles a critical question: Why are so many South Africans opting out of the formal savings and investment industry? Backed by recent data and real-world insight, this episode explores the growing trust gap between financial institutions and the communities they aim to serve. LinkedIn · YouTube

In this episode of our Investments Insights podcast, Natalie Helmbold, Investment Analyst, sits down with Walter Aylett, founder of Aylett & Co and portfolio manager of the Nedgroup Investments Bravata Worldwide Flexible Fund. With decades of experience in asset management, Walter is known for his deep conviction in quality businesses and long-term investing. One of his most iconic holdings? Berkshire Hathaway, a position he's held in the fund for nearly 20 years. Walter shares his journey with Berkshire, why he recently trimmed his stake ahead of the 2025 AGM, and what it was like to witness Warren Buffett's retirement announcement in person. This is a rare, behind-the-scenes look at a fund manager's relationship with one of the most legendary companies, and investors, of all time. LinkedIn · YouTube

Not all advice is good advice, so how do you pick the right financial advisor and protect your future? In episode 2 of the value of advice series, Luthando Mzilikazi, Regional Manager: Gauteng, breaks down how to evaluate credibility, transparency and trust before choosing a financial advisor and trusting them with something as personal and important as your financial wellbeing. Listen to the full episode to learn more about what to expect in your first meeting with an advisor, which qualifications are important, the cost of good and fair advice and more insights. LinkedIn · YouTube

This week on the Market and Economic Wrap podcast, Tumisho Grater delves into the recent meeting between President Trump and President Ramaphosa, which was marked by tension and robust discussions. Tumisho covers the claims of genocide in South Africa, President Ramaphosa's firm rejection of these claims, and his efforts to maintain diplomatic composure. Additionally, learn more about the South African government's proposal to relax its flagship black empowerment regulations, the impact of President Trump's tax bill on the US dollar and bond markets, as well as Moody's becoming the third of the major rating agencies to strip the US of its triple-A credit rating. Listen to the podcast for more on these and other significant developments and their implications for international relations and global markets. LinkedIn · YouTube

In a world of financial uncertainty, sound advice is essential. The value of advice series, authored and hosted by Luthando Mzilikazi, Regional Manager: Gauteng, explores the power of holistic financial planning for South Africans. In this first episode, Luthando unpacks the real, everyday value a holistic financial advisor can bring, from navigating retirement, tax and estate planning, to helping you make clear decisions in life's biggest moments. Whether you're starting your investment journey or reassessing your long-term goals, this series will help you understand why trusted, credible advice matters – now more than ever. LinkedIn · YouTube

In this episode, Nic Andrew is joined by Seugnet de Villiers to explore how small, well-placed changes — much like a winning kick in rugby — can dramatically improve retirement outcomes. They unpack a practical framework that helps financial planners focus on the variables that matter most, and discuss how understanding client composure levels can transform communication and decision-making. LinkedIn · YouTube

In this week's market and economic wrap podcast, Trevor Garvin, Head of Multi-Management, discusses significant developments that have impacted global markets, such as the US and China's tariff cuts and how both countries have agreed to a 90-day pause and substantial tariff reductions, leading to significant gains in equity markets. On the domestic front, the rand strengthened to R18.32 against the US dollar, buoyed by improved global risk sentiment, and financial and industrial stocks surged, with Naspers and Richmont up 5%. Listen now to these and more updates. LinkedIn · YouTube

In our latest podcast, Tumisho Grater, Multi-Management Investment Analyst, shares more insight into the significant economic recalibrations that took place last week. From South Africa's National Treasury withdrawing its planned VAT increase to the US administration softening its stance on tariffs, this episode covers it all. Tune in to understand how these changes impact global and local markets, and what it means for investors. LinkedIn · YouTube

Listen to our latest Market and Economic Wrap podcast with Trevor Garvin, Head of Multi-Management, for the latest market news and developments. This week, hear more about the ongoing political negotiations in South Africa and how the rand and local markets have responded to these events. Trevor also covers President Trump's on and off tariff announcements and their global impact, the subsequent US-China trade war and its escalating tariffs, and more on the roller-coaster equity markets reaching record-high volatility. Tune in now for more details. LinkedIn · YouTube

Following the passing of the South African National Budget by the National Assembly after a heated debate and US President Trump announcing major global tariffs, Trevor Garvin, Head of Multi-Management, is back with another powerful podcast episode to unpack these two significant events. Trevor notes that these events have far-reaching implications for both South Africa and the global economy, and investors should monitor these developments closely while considering the potential impact on the broader economic landscape. Listen to the full episode for all the insights. LinkedIn · YouTube

In our latest podcast with Trevor Garvin, Head of Multi-Management, geopolitics take centre stage with unprecedented global uncertainty and volatility. From the ongoing Ukraine-Russia conflict to the intensified Middle East clashes, political leaders are navigating complex challenges. Domestically, South Africa's political landscape is also active with the ANC under scrutiny for its handling of US relations, and the National Budget also causing market uncertainty as the rand trades weaker and rating agencies increase pressure on fiscal stability. Tune in to this new episode for these and more updates, including insights on US equities, bond market yields and SA industries. LinkedIn · YouTube

In our latest episode of the Nedgroup Investments Insights podcast, Luthando Mzilikazi, Regional Sales Manager for Gauteng, dives into the impact of the recent VAT increase on South African investors. From understanding the direct cost implications to exploring strategies for safeguarding your investments, this episode is packed with actionable insights. Tune in to learn how to adjust your spending, leverage tax-efficient vehicles, and protect your purchasing power during these challenging times. LinkedIn · YouTube

Join Tumisho Grater, Multi-Manager Investment Analyst, in our new podcast episode to hear the latest market and economic updates. This week, the spotlight is on the South African Reserve Bank's Monetary Policy Committee meeting on 20 March. Will they cut rates or hold steady? Plus, more insights on domestic inflation and growth trends, potential risks to the inflation outlook, the impact of Eskom's electricity tariff hikes, President Trump's trade policies and an analysis of global market reactions and the US economy's potential recession signals. LinkedIn · YouTube

On Wednesday, 12 March 2025, South Africa's Finance Minister delivered the highly anticipated 2025 Budget Speech, unveiling significant changes and proposals that will impact various sectors of the economy. In this podcast, Denver Keswell, Senior Legal Advisor, covers key takeaways and what it all means from a financial planning perspective. From revisiting the taxation of Collective Investment Schemes (CIS) to addressing the cross-border tax treatment of retirement funds, and the revenue generated from Two-Pot Retirement System withdrawals causing concern for the future of South Africans once they reach retirement, Denver highlights several key areas that will reshape our financial planning strategies. Listen to the full podcast for more insights. LinkedIn · YouTube

In this new episode, Trevor Garvin, Head of Multi-Manager, dives straight into the latest global news and market updates. The global stage was shaken as Ukrainian President Zelensky's visit to the White House ended in a public disagreement with US President, Donald Trump, over strategies to address the ongoing conflict with Russia. On the domestic front, all eyes are on the upcoming budget speech, with VAT being a key point of contention among GNU partners. Trevor also covers markets updates such as the rand weakening amidst rising global risk aversion, the JSE All Share Index being hit by lower metal prices, the US's decision to cease non-essential aid to South Africa, the pressure on US stocks, and commodity updates. Tune in to the podcast for all the insights. LinkedIn · YouTube

In the latest episode of the Market & Economic wrap podcast, Trevor Garvin, Head of Multi-Manager, covers the surprising announcement by South Africa's Finance Minister regarding the delay of the national budget speech to 12 March 2025. Trevor discusses where the delay stems from, the market's initial reaction to the news and the potential implications and leadership skills required to navigate these challenges. In addition, he provides an overview of global market trends, including strong earnings reports from US tech companies, the easing of inflation fears, and the impact of potential US-Russia negotiations on commodity prices. Tune in for a comprehensive analysis of these key points and other news, including the performance of domestic equities, European markets, and the Japanese Nikkei, as well as insights from Federal Reserve Chair, Jerome Powell's testimony to the Senate Banking Committee. LinkedIn · YouTube