Investec Focus Radio SA

Everything Counts: Sports Edition | Teboho Mokoena - How Teboho Mokoena learned to respect money 02.06.2026 27p

“Respect money and it will respect you.” That is one of the earliest money lessons Investec ambassador SA soccer midfielder playing for Mamelodi Sundowns and Bafana Bafana Teboho Mokoena learned growing up in Bethlehem – and it has shaped the way he thinks about football, family and financial freedom. In this episode of Everything Counts: Sports Edition, Teboho shares how he went from earning his first salary of R3 500 a month to navigating bigger contracts, money mistakes, lifestyle pressure and the responsibility of building generational wealth. He opens up about: • The childhood lessons that shaped his money mindset • What changed when football became a career • The pressure that comes with earning more, quickly • Money mistakes, including chasing fast returns • Why financial literacy matters for footballers • His plans for life after football • Giving back to young players in Bethlehem This is more than a football story. It is a conversation about discipline, responsibility and learning how to make success last. Watch now and subscribe to Investec Focus Radio for more conversations that prove: when it comes to money, everything counts. 00:00 Introduction 00:45 Growing up in Bethlehem 01:56 Money lessons Teboho Mokoena learned from family 05:03 When football became a career 06:00 Making money as an athlete 06:33 Becoming a professional footballer 08:46 Teboho Mokoena on joining Mamelodi Sundowns 11:07 How family changed Teboho Mokoena’s money mindset 11:45 Teboho Mokoena’s money philosophy 12:10 Is there enough financial literacy for athletes in South Africa? 16:20 Teboho Mokoena’s time as an Investec ambassador 19:02 Managing money and pressure as a footballer 21:40 How Teboho Mokoena supports his hometown community 23:10 Plans for life after football 24:05 Teboho Mokoena’s financial advice for young people 26:06 Conclusion

Macro Monday Ep117: Tech sector lifts emerging markets 01.06.2026 11p

While the tech sector has been a well-known driver of earnings and performance on Wall Street, it’s also been the major contributor to emerging markets as well. Chris Holdsworth, Chief Investment Strategist, at Investec Wealth & Investment International says that’s largely to the contributions of TSMC in Taiwan and Samsung and SK Hynix in South Korea, emerging markets are up 26% year to date and 54% over 12 months.

Macro Monday Ep116: Don’t expect much lower energy prices soon 25.05.2026 11p

US President Donald Trump announced over the weekend that the US and Iran were close to finalising a deal to end the war. However, notes Investment Strategist Osa Mazwai, even if the Strait of Hormuz were to be reopened completely, it will take some time for traffic to return to normal and for energy prices to fall significantly – which could be a problem for Republicans in the US midterm elections.

Wine in Focus | Inside the judging room: How wines win 20.05.2026 27p

Ever wondered what actually happens behind closed doors at a wine competition? How do judges decide what makes a wine exceptional and what separates a gold medal from the rest? In this episode of Wine in Focus, Palesa Mapheelle is joined by local wine doyenne, Michael Fridjhon and Wine Master and international judge, Heidi Makinen. Together, they explain the rigorous judging process of the Investec Trophy Wine Show, what they look for in a winning wine, how to navigate judges’ disagreements and the importance of wine competitions to the local wine industry. KEY MOMENTS: 00:00: Intro 00:38: Recognising the devastating storms suffered by the Western Cape winelands 01:47: Why are competitions necessary? 03:23: Comparing Investec Trophy Wine Show to other international competitions 04:26: Shaping consumer perceptions 05:43: The mechanics of judging 09:09: Judge’s chemistry 10:07: Explaining a flight of wines 10:34: Finding consensus between judges 13:47: Ensuring judge neutrality 15:14: The importance of blind tasting 18:00: What makes a winning wine? 20:20: SA wine industry transformation over 25 years: from bulk to beautiful 23:13: The Investec Trophy wine show “guarantee” 24:33: When wine turns from interest into a passion and a career 27:00: Outro

NOW Ep 127: The Everything Shock 20.05.2026 27p

What began as a geopolitical conflict is rapidly becoming something much larger. Oil is only one part of the story. Natural gas, fertilisers, chemicals, shipping routes, aluminium, aviation fuel and global supply chains are all now being affected by the fallout from the Iran war. In the latest episode of No Ordinary Wednesday, Jeremy Maggs speaks to Investec’s Osa Mazwai and Campbell Parry about why this is increasingly being described as an “everything shock.” Could this crisis ultimately accelerate the global shift toward electrification, renewables and new energy systems? Listen to the full conversation to find out more. Read more on www.investec.com/now Chapters: 00:00 - Introduction 01:38 - What makes this crisis different from previous oil shocks? 03:38 - What are markets beginning to price in? 06:00 - Why the Strait of Hormuz matters to global supply chains 08:50 - Will this delay global interest rate cuts? 10:47 - Are geopolitical risk premiums returning to markets? 13:12 - How exposed is South Africa to rising oil prices? 15:38 - Are South Africa’s structural reforms providing a cushion? 17:18 - Where could South Africa and Africa benefit from the crisis? 20:19 - Why energy and infrastructure opportunities matter now 20:30 - How important is logistics reform for South Africa? 22:04 - Rethinking South Africa’s long-term energy mix 23:29 - What might markets still be underestimating? 25:25 - Five years from now: what lasting impact will matter most? 26:21 - Closing remarks

Everything Counts | Episode 47: How to invest during economic uncertainty 19.05.2026 18p

When markets feel uncertain, the hardest part isn’t the volatility, it’s knowing how to respond. In this episode of Everything Counts, chief investment strategist of Investec Wealth & Investment International Chris Holdsworth breaks down how to think about investing during uncertain times, and why behaviour often matters more than market conditions. From geopolitics and inflation to shifting growth expectations, we separate market noise from the signals that actually matter – and explore how behaviour shapes long-term outcomes. In this episode, we cover: • What’s really driving economic uncertainty • The difference between market noise and meaningful signals • Why investors make mistakes during volatility • Whether to stay invested or move to cash • What “staying the course” looks like • How to build a disciplined long-term investment strategy • The role of diversification and offshore investing Whether you’re new to investing or more experienced, this conversation focuses on what matters when markets feel unpredictable. Subscribe now for more conversations that prove when it comes to money, everything counts. 00:00 Introduction 01:00 What is driving economic uncertainty 02:30 Market noise vs real signals 04:00 How investors react when markets fall 06:00 Stay invested or move to cash 08:30 What “staying the course” really means 10:30 Mistakes new investors make 12:30 When to invest and what to ignore 14:30 What matters when making decisions 16:30 Diversification and offshore investing 18:00 Practical takeaways 19:30 Closing perspective

Macro Monday Ep115: Growth comes with inflation 18.05.2026 7p

While inflation is rising around the world – largely as expected – there are few signs of ‘stagflation’ (rising prices alongside slowing growth). However, notes Chris Holdsworth, Chief Investment Strategist, at Investec Wealth & Investment International, GDP growth in the US and across Europe have been robust.

Investec Minds ep1: Stephen Koseff on building capital, culture and country 13.05.2026 30p

Introducing Investec Minds, a new video podcast series from Investec Focus Radio SA. In each episode, Equity Research analysts from Investec Corporate and Investment Banking sit down with former CEOs to unpack the decisions that shaped their industries, the lessons they’ve learned, and how they see the future unfolding. In episode one, Stephen Koseff, former Group CEO of Investec, joins Nkateko Mathonsi and Ross Krige to reflect on leadership, the opportunities for the banking industry, and the role business has to play in strengthening South Africa’s economic trajectory. Chapters: 00:00 Intro 02:15 Life after Investec 04:57 Convincing Trevor Manuel about Investec's London listing 06:55 Culture at Investec: Why there aren't any job titles 08:24 Lessons on expanding abroad 12:10 Investec's UK and Australian expansion 14:12 Continuity announcement 15:03 The one year Stephen would revisit 15:45 A 10-year view on the SA banking sector 19:12 Have South African banks got their heads around the Africa opportunity? 20:33 How corporate South Africa can make a difference 25:15 South Africa’s moment: cautious optimism takes hold 27:11 If Stephen Koseff were president: fix infrastructure, unlock partnerships 29:03 Outro

Macro Monday Ep114: Markets show resilience despite the conflict 11.05.2026 9p

A comparison between the first 50 days of the current war with Iran and the first 50 days of the Gulf War of the early 1990s, shows that markets have been more resilient this time around. Recent earnings numbers, notes Chris Holdsworth, Chief Investment Strategist, at Investec Wealth & Investment International, have been resilient as well, and not just in the US – countries like Taiwan, SA, Brazil and South Korea are all set to record strong profit growth this year.

NOW Ep 126: Investing through the noise 06.05.2026 19p

Markets are moving fast but are investors moving with intent? In the latest episode of No Ordinary Wednesday, we go beyond market headlines to unpack what investors are actually doing in a volatile, news-driven environment. From trading the news cycle to navigating currency swings and concentrated markets, Investec’s Tinus Rautenbach and Bongani Nhleko share real insights from the Clarity platform, revealing where capital is flowing, how behaviour is shifting, and the risks investors may not see. Listen now to understand the gap between perception and portfolio reality and what it means for your investment decisions. Read more on www.investec.com/now Chapters: 00:00 – Introduction: Markets driven by reaction, not fundamentals 01:43 – How investors react to breaking news 02:27 – Timing the market: speed vs sequencing 03:06 – Market resilience and the fragility of narrow leadership 04:17 – Flight to safety: textbook vs reality 05:54 – Trading the news cycle: does it add value? 06:53 – Diversification in a concentrated market 08:24 – Offshore investing: asset exposure vs currency impact 09:18 – Clarity platform overview (ad break) 09:55 – Sector trends: what investors are buying now 10:46 – Commodities, energy and tech: short-term trade or long-term shift? 12:12 – Beyond equities: rise of cash, crypto and alternatives 13:31 – Investor mistakes in volatile markets 14:31 – Trading frequency: activity vs discipline 16:27 – Positioning for inflation and higher rates 17:47 – Global conflict and the South African portfolio

Everything Counts: Sports Edition | Cheslin Kolbe - From first pay cheque to financial discipline 05.05.2026 27p

Success in sport can come quickly. Understanding money often doesn’t. In this episode of Everything Counts: Sports Edition, Investec ambassador Cheslin Kolbe shares how his journey from humble beginnings to World Cup success shaped his approach to money, discipline and long-term planning. From early lessons in saving to navigating his first professional pay cheque and learning from financial mistakes, Cheslin reflects on what it takes to build lasting financial security in a short and unpredictable career. In this episode, we cover: • Growing up with limited resources and learning to save • The reality of earning as a young professional athlete • Financial mistakes and lessons learned along the way • The importance of investing and long-term planning • Preparing for life after sport for athletes • Teaching the next generation about money This is more than a sports story – it’s a conversation about discipline, responsibility and building a future beyond the game. If you care about: • Financial literacy • Career longevity • Building wealth over time • Learning from real-life money mistakes this episode is for you. Watch now and subscribe to Investec Focus Radio for more conversations that prove when it comes to money, everything counts. 00:00 Introduction 01:00 Early financial lessons 02:55 Sporting ambitions 06:30 First pay cheque and purchases 08:00 Lessons from early spending 09:09 Financial planning and moving abroad 10:30 Planning for life after sport 12:32 Locker room money conversations 13:50 Key financial principles 19:23 Money mistakes 21:55 Teaching children about money 24:00 Advice for athletes 25:00 Conclusion

Macro Monday Ep113: Markets look through the energy shock 04.05.2026 8p

Despite concerns about the war with Iran, notes Chris Holdsworth, Chief Investment Strategist, at Investec Wealth & Investment International, earnings have been resilient while markets have been looking through the energy shock. Equities are up, while equity market analysts have been upgrading their earnings estimates.

Macro Monday Ep112: Markets aren’t pricing in ‘stagflation’ 20.04.2026 9p

Ordinarily, you’d expect an oil shock to lead to not only higher inflation, but also weaker equities and a lower growth outlook. However, markets aren’t pricing in a stagflationary outcome. Chris Holdsworth, Chief Investment Strategist, at Investec Wealth & Investment International, examines this apparent anomaly.

NOW Ep125: Capital meets reform | Is South Africa investable again? 15.04.2026 30p

South Africa’s reform momentum is becoming more visible but so are the constraints that could stall it. In the latest episode of No Ordinary Wednesday, Jeremy Maggs is joined by Rudi Dicks, Head of the Project Management Office in the Presidency; Martin Meyer, Head of Energy and Infrastructure Finance at Investec and Ayan Ghosh, Head of Cross-Asset Investment Strategy at Investec, to unpack the reality behind the narrative. From energy gains to persistent bottlenecks in logistics and municipalities, the discussion examines whether progress is enough to sustain investor confidence and what still needs to shift for capital to follow. Read more on www.investec.com/now

Macro Monday Ep111: Global growth and inflation outlooks deteriorate 13.04.2026 7p

Standing in for Chris Holdsworth, Osagyefo Mazwai discusses the latest on the conflict in Iran, and against this backdrop, signs of deterioration in both growth and inflation in the world’s major economies. While markets are not yet pricing in rate hikes in the US, they are in the Eurozone.

Everything Counts: Sports Edition | Kaiyuree Moodley on the real cost of professional golf 07.04.2026 25p

What does it really cost to become a professional golfer? In this episode of Everything Counts: Sports Edition, Investec-sponsored SA professional golfer Kaiyuree Moodley shares what it really takes to build a career in professional golf – from funding a career on tour to managing pressure, uncertainty and financial mistakes along the way. From picking up her first golf club at just four years old to competing on the Sunshine Ladies Tour and Ladies European Tour, Kaiyuree reflects on the financial and emotional realities behind the sport. She opens up about: • The true cost of becoming a professional golfer • Why “making the cut” doesn’t always mean making money • A costly currency mistake she’ll never forget • Life as a student-athlete in the United States • The financial pressures of performing for a paycheck • Why visibility matters for the future of women’s sport This is more than a sports story – it’s a conversation about discipline, resilience and building a sustainable career in an unpredictable profession. If you care about: • Financial literacy • Career uncertainty • Long-term financial planning • Building a sustainable income this episode is for you. 00:00 Introduction 01:15 How Kaiyuree Moodley got into golf 03:30 Early sacrifices and family support 06:00 Life as a student-athlete in the U.S. 08:30 The real cost of professional golf 11:00 Why making the cut doesn’t guarantee income 13:00 Kaiyuree Moodley’s biggest money mistake 15:00 The pressure of playing for a paycheck 17:00 Financial realities of women’s sport 19:30 Key money lessons and discipline 22:00 Financial literacy for young athletes 24:00 Closing thoughts Watch the vodcast now on YouTube and subscribe to Investec Focus Radio for more conversations that prove: when it comes to money, everything counts.

What Next? Bridging the trust gap 02.04.2026 52p

In this episode of What Next?, Professor Mike Kenny (Cambridge) and Jacinta Koolmatrie examine the breakdown of trust between communities and institutions. They discuss how centralised governance and economic shifts have driven local grievances, and argue that rebuilding trust requires sharing power, working at community pace, and supporting locally led solutions like community wealth building and Indigenous-led approaches. CHAPTERS 00:00–09:00: Fracture, grievance and the limits of institutions 09:00–21:00: Power, disconnection and when listening fails 21:00-34:00: Place, community knowledge and what actually works 34:00–48:00: Stories, legitimacy and shaping the future

NOW Ep124: A crude awakening for inflation? 31.03.2026 24p

Interest rate cuts were meant to define 2026. Now, markets are bracing for hikes. In this episode of No Ordinary Wednesday, Investec’s Chief Economists Annabel Bishop and Phil Shaw examine how the energy shock is forcing central banks to reconsider their path. From London to Pretoria, policymakers face a familiar dilemma: tighten into slowing growth, or risk letting inflation take hold. Guest host Neo Ralefeta explores the implications for global growth and what it means for South Africa, from currency volatility to fuel supply risks and consumer costs. Read more on www.investec.com/now

Macro Monday Ep110: Little sign of a near-term end to the war 30.03.2026 8p

With little sign of an early resolution to the war in the Middle East, supply constraints on commodities such as oil, gas, and helium may well endure. Chris Holdsworth Chief Investment Strategist, at Investec Wealth & Investment International notes that fuel prices likely to feed through quickly into consumer inflation, central banks like the SA Reserve Bank are likely to face rate hikes this year.

What Next? | Making the transition investable 27.03.2026 35p

Clean and green growth has moved from ambition to execution, but the challenge is one of pace. Investment conditions are key: predictable rules, credible pathways, and coordination across value chains, finance and government. This episode of What Next? Leadership Conversations for a Better Future, Helena Norrman, Marina Grossi, and Sang-Hyup Kim explains why transition policy now sits at the centre of industrial strategy, competitiveness and geopolitics. 00:00 Predictability is the first enabler 07:30 Transition policy is industrial strategy 15:30 The foundations for future competitiveness is shaped by coordination today 26:30 Examples of effective coalitions