Investec Focus Radio SA

Епизоди

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  Macro Monday Ep131: Fed meets as oil prices rise 14.09.2026 8мин

  Gains by Houthi rebels in recent days have placed further upward pressure on oil prices, with benchmark rates up about 3% on Monday morning, while bond yields have risen since the start of the war. Against this backdrop, the Fed meets this week to decide on interest rates, and, according to Chris Holdsworth, Global Chief Investment Officer, Investec Investment Management, many economists are expecting a hike.
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  No Ordinary Wednesday | The signals from oil, bonds and inflation 08.09.2026 17мин

  Oil, bond yields and inflation are sending a more cautious signal on the global outlook. Growth has held up better than expected. But energy markets remain tight, long-term borrowing costs are rising, and central banks are weighing the risk of another inflation shock. In the latest No Ordinary Wednesday, Ellie Henderson and Callum Macpherson of Investec UK discuss what the oil market, sovereign bonds and economic data are telling us now. They also explore what this means for interest rates, corporate investment and the risks facing South Africa.
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  Macro Monday Ep130: Crude prices, US jobs place focus on interest rates 07.09.2026 8мин

  Crude oil prices have risen over 20% in the last month, and this problem seems unlikely to be resolved quickly: prediction markets put only a 30% likelihood of normal flows through the Strait of Hormuz by December. Chris Holdsworth, Global Chief Investment Officer, Investec Investment Management says with services inflation pressures also rising, and jobs numbers looking stronger, markets are pointing to rate hikes by the Fed.
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  Macro Monday Ep129: Warsh’s hawkish speech 31.08.2026 9мин

  New Fed chief Kevin Warsh delivered a hawkish speech at the Jackson Hole symposium of central bankers on Friday, leading to a stronger US dollar and increased expectations of rate hikes this year and next year. Investec Investment Management’s Investment Strategist Osagyefo Mazwai examines what this means for the US economy, as well as emerging market currencies like the rand.
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  No Ordinary Wednesday | The economics of tourism in SA 25.08.2026 12мин

  South Africa’s growth challenge is shifting from reform to delivery. Tourism is part of that test. International arrivals rose 12.3% in the first half of 2026. And phase III of the government-business Partnership now puts the sector firmly on the growth agenda, with a focus on air access, visas, safety and infrastructure. On No Ordinary Wednesday, Jeremy Maggs and Investec economist Lara Hodes examine what it will take to turn that momentum into investment, jobs and sustained growth. Read more on www.investec.com/now
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  Everything Counts | Episode 54: Protecting property wealth 25.08.2026 28мин

  Property is often seen as one of the more reliable ways to build long-term wealth. It’s tangible, familiar and, for many South Africans, an important part of their financial plan. But investing in property comes with risks that can be easy to overlook, from hidden costs and changing rental yields to considerations around what happens if you’re no longer able to earn an income. In this episode of Everything Counts, we look beyond the property itself to explore what it really takes to build a resilient property investment strategy. Motheo Khoaripe is joined by Sinenhlanhla Sithomo, head of insurance business at Investec, and Elsie Rateiwa, head of financial services at Lightstone Property, to unpack the risks, potential returns and the importance of protecting the income behind your investment. 00:00 Introduction 01:05 Investment property as part of a broader wealth strategy 01:39 What are the risks of investing in property? 03:10 Is buying property in Cape Town a good investment? 04:52 The need for liquid cash when you own an investment property 05:48 Risk of buying multiple properties in a concentrated area 06:25 What are the hidden costs of investing in property? 07:30 How to financially prepare to buy a house 08:28 How to calculate cash flow resistance 09:51 How to calculate a realistic return on investment in property 10:40 Protecting the income that maintains your property investment 11:42 The benefits of having life insurance and mortgage protection insurance 12:07 Does mortgage protection insurance cover you if you become disabled? 13:34 Why people don’t see themselves as assets to insure 14:25 What insurance do I need for investment property? 16:40 Life cover vs mortgage protection cover for property investments 18:25 What to consider if you have multiple investment properties 21:50 How long to see return on investment in property? 24:52 How to identify a good area to buy investment property in? 25:36 Key takeaways for investing in property 26:53 Conclusion
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  Macro Monday Ep128: US bond market intervention fails to bring down yields 24.08.2026 4мин

  Moves by the US Treasury to intervene in the bond market failed to bring down yields meaningfully, and the continuing worsening of the US’s fiscal position may explain why. According to Chris Holdsworth, Global Chief Investment Officer, Investec Investment Management, the US’s debt-to-GDP ratio is above 100% and seems set to remain above that level, with tax hikes politically unpalatable and little room to cut spending in areas such as defense, healthcare and social security.
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  Macro Monday Ep127: The Fed’s difficult position 17.08.2026 7мин

  The US Federal Reserve finds itself in a difficult position. The US economy has been shedding jobs, and wage growth is soft. At the same time, says Chris Holdsworth, Global Chief Investment Officer, Investec Investment Management, government debt continues to grind higher while inflation remains elevated, mainly the result of higher energy prices – meaning there’s a chance of rates being hiked in the coming months.
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  Investec Minds Ep 3: Sipho Maseko on the hard decisions that define leaders 13.08.2026 33мин

  What does leadership look like after the CEO title falls away? In this episode of Investec Minds, former Telkom Group CEO Sipho Maseko joins Investec's Nkateko Mathonsi and Louise Pillay to reflect on leadership, business transformation and South Africa's future. Drawing on his experience at Telkom, Vodacom and BP Southern Africa, Maseko shares lessons from leading one of South Africa's most significant corporate turnarounds and the personal cost of making difficult decisions. The conversation explores Africa's infrastructure deficit, satellite broadband, regulation, AI investment, digital transformation, pay TV, sport and the economics of content. Maseko also discusses the opportunities he sees for South Africa and the continent over the coming decades. His most powerful leadership insight? “People should feel you.”
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  No Ordinary Wednesday Ep 133 | Bond markets: A licence to yield. 12.08.2026 21мин

  The easy gains may be over, but the case for bonds is not. Annelise Peers, Chief Investment Officer at Investec Bank Switzerland, and Awongiwe Booi, Fixed Income Analyst at Investec Investment Management in South Africa, unpack why attractive yields, easing inflation and South Africa’s underpriced reform story could make fixed income a source of return, not just protection, and what could still spoil the opportunity.
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  Everything Counts | Episode 53: Tips for tax filing season in South Africa 11.08.2026 28мин

  In this episode of Everything Counts, we unpack one of the most overlooked opportunities to improve your financial position: your tax return. Many people treat tax filing season as a simple compliance exercise and move on. But as our experts explain, your SARS tax return is actually a powerful financial health check that can help you avoid costly mistakes, stay compliant, and even unlock additional value. We dive into: ● Why you should rethink how you approach tax filing ● The risks of blindly accepting SARS auto assessments ● Common tax mistakes that could cost you money ● Medical aid deductions and what you might be missing ● Travel claims, cost-to-company structuring, and share incentives ● What happens during a SARS audit (and how to prepare) Whether you're a salaried employee, high-income earner, or managing multiple income streams, this episode gives practical, actionable insights to help you file with confidence and make sure you aren’t unknowingly leaving money on the table. 00:00 Introduction 01:15 Tax filing beyond compliance 01:48 What changes to report to SARS 03:50 Tax returns as a financial health check 04:43 The importance of keeping track of your own numbers 05:27 Should I accept SARS auto assessment? 06:45 Changes to tax auto assessments for 2026 07:37 How to submit medical aid tax certificate to SARS 09:30 Beyond medical certificates for tax 10:30 Disability claim SARS 12:06 Is travel allowance tax deductible? 15:30 Structuring a tax efficient remuneration package 17:13 Tax implications on shares 18:36 What does it mean if SARS is auditing you? 20:00 Tax verification vs audit 21:15 The value of a tax practitioner if you are audited 21:50 Audit mistakes to avoid 23:00 Tax audit tips for high net worth individuals 24:38 How to maximise your tax refund 36:40 Conclusion
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  Macro Monday Ep126: Slowing momentum in global equities 03.08.2026 9мин

  While global equities are up strongly over the last year, there’s been a clear slowing in momentum in the last six months. According to Chris Holdsworth, Global Chief Investment Officer, Investec Investment Management, this implies that much of the strong US earnings performance has been priced into the market.
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  No Ordinary Wednesday Ep 132: Investing in AI's next chapter 28.07.2026 16мин

  Artificial intelligence is moving faster than almost anyone expected. After attending two of the world's biggest technology conferences in Boston and San Francisco, Investec global equity analysts David Smith and Zane Bezuidenhout unpack what they learned from the executives shaping AI's future. From surging demand and infrastructure bottlenecks to agentic AI and the companies best placed to benefit, they explore what investors should be watching next. 00:00: Intro 1:01: Demand for AI even stronger than expected 2:07: Scale of demand has outstripped supply 3:30: What is Agentic AI? 4:44: When will agentic AI be truly embedded in our lives? 5:27: The rise of “intelligence per dollar” and “token optimization” 7:07: Are companies starting to see returns on their AI investments? 8:26: For investors, what distinguishes the winners in the AI race? 10:00: Continuity announcement: Investec Global Leaders Portfolio 10:54: Is China closing in on the US when it comes to AI prowess? 11:36: The increase of regulation 12:28: AI opportunities beyond the Mag 7 13:49: What could derail the AI investment story 15:16: One message for investors 15:57: Outro
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  Everything Counts | Episode 52: Has saving lost its meaning? 28.07.2026 27мин

  We've all heard the advice. Save more. Spend less. Start earlier. In this episode of Everything Counts, Motheo Khoaripe is joined by Investec's Nirvashni Rajkumar (KZN team leader for the Investec financial planning team) and Dorothy Asomaning (Investec Wealth & Investment Wealth Manager) to explore why saving is about much more than building a bigger bank balance. Together they unpack how lifestyle inflation quietly limits our choices, why earning more doesn't always lead to greater financial freedom, and how giving your money a clear purpose can change the way you think about your future. In this episode, we discuss: • Why traditional conversations about saving no longer resonate. • How lifestyle inflation quietly reduces financial freedom. • Why financial freedom is about choice, not income. • How to give your savings a meaningful purpose. • The realities of saving while supporting family. • Why behaviour shapes financial outcomes more than good intentions. • The simple question that can change the way you think about saving. If you've grown tired of traditional savings advice, this conversation offers a different perspective on what saving is really for. Watch now and subscribe for more conversations that prove when it comes to money, everything counts. 00:00 Introduction 01:20 Has saving lost its meaning? 04:21 Why saving has become uninspiring 07:10 Can you accidentally out-earn your freedom? 08:23 The discipline of saving 16:40 Lifestyle inflation and financial choice 15:10 Saving while supporting family 18:50 What future is your money building? 20:35 Why behaviour matters more than willpower 25:00 Giving your savings a purpose 26:37 Closing thoughts
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  Macro Monday Ep125: Excellent earnings season so far 27.07.2026 7мин

  Although US earnings for the second quarter have mostly beaten expectations, markets appear to have wanted more. Chris Holdsworth, Global Chief Investment Officer, Investec Investment Management, says even companies such as Alphabet that have beaten forecasts have seen declines in their prices after results.
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  Macro Monday Ep124: AI capex and competition concerns weigh on stock markets 20.07.2026 8мин

  Increased competition among LLMs and uncertainty about the return on investment on AI capex are all weighing on the market performance on momentum stocks, such as semiconductor firms. Chris Holdsworth, Global Chief Investment Officer, Investec Investment Management, looks at some of the dynamics in global stock markets.
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  NOW Ep 131: South Africa’s consumer crunch 14.07.2026 24мин

  Are South African consumers past the worst of the fuel shock? Household budgets have been hit by higher fuel prices, rising inflation and pressure on real wages. But fuel prices are starting to fall. The risk is timing. Will relief arrive before households are forced to cut back further? Host Jeremy Maggs unpacks the consumer outlook with Annabel Bishop, Investec chief economist, on No Ordinary Wednesday.
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  Everything Counts | Episode 51: Managing global travel disruption 14.07.2026 29мин

  In this episode of Everything Counts, we unpack the real-world impact of geopolitical tension on global travel, from grounded flights and closed airspace to the human stories behind stranded passengers. What happens behind the scenes when airlines, advisors, and entire systems are forced to respond in real time? Host Motheo Khoaripe is joined by Paolo Giuricich, Head of Investec Travel, and Otto de Vries, CEO of ASATA, to explore how the travel industry navigates air travel disruptions, and what it means for you as a traveller. From operational chaos to extraordinary collaboration, and a powerful story of one family’s journey home, this conversation reveals a simple truth: travel works best when everything goes right, but its true value shows when everything goes wrong. Topics covered: ● How global conflict disrupts air travel systems ● What happens when major travel hubs shut down ● The role of travel advisors during crises ● Why travel insurance matters more than you think ● A real-life story of resilience, uncertainty, and getting home 00:00 Introduction 01:10 How global conflict affects air travel 02:05 What did airspace closures in the Middle East mean for travellers? 06:03: Managing safety and expectations during airspace closures 07:15 How Investec helped customers stranded due to airspace closures 09:16 Behind-the-scenes crisis management during global travel disruption 10:50 The role of relationships within the travel industry 12:55 How travel insurance works during global travel disruption 16:37 A family stranded in Doha: How Investec helped 24:37 Benefits of using a travel advisor 26:37 Key takeaways from airline disruption management 28:17 Conclusion
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  Macro Monday Ep123: Headwinds and tailwinds for global growth 13.07.2026 9мин

  Global GDP growth looks set to be around 3% this year, as the global economy deals with headwinds from a supply shock because of the war with Iran and tailwinds from artificial intelligence spending, says Chris Holdsworth, Chief Investment Strategist, at Investec Wealth & Investment International. While US and Chinese growth is set to slow marginally over the coming year, offset by rising growth in Europe, Japan and emerging markets ex-China.
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  Macro Monday Ep122: Markets have a good first half of the year 06.07.2026 9мин

  Despite the war in the Gulf, the last six months have been good for global equities. While the US market’s performance has been in line with the overall global performance, the standout has been South Korea, which, says Chris Holdsworth, Chief Investment Strategist, at Investec Wealth & Investment International, has helped emerging markets to outperform.