A rerating of SA sovereign bond yields, a stronger ZAR, and sidestepping a fiscal slippage, have sparked optimism for a healthier national balance sheet. But structural challenges persist, impeding the potential for growth. In the latest episode of the No Ordinary Wednesday podcast, Investec Chief Economist Annabel Bishop and Treasury Economist Tertia Jacobs discuss the Finance Minister's priorities ahead of the mini budget on 30 October.

Podcast key moments:

00:00 – Introduction
01:24 - Under what macroeconomic conditions will the minister deliver the midterm budget speech?
02:44 - Is South Africa in a much better macroeconomic position going into Q4?
03:22 – Is the budget deficit narrowing?
04:09 – Is South Africa managing debt better?
05:26 – What are the risks to consider?
07:21 – What does fiscal consolidation look like for the country?
09:12 – Any tax announcements expected?
10:49 – What do you expect on inflation targeting?
13:07 - What are some of the key developments that have transpired between February 2024 the upcoming October MTBPS?
14:08 - What are the implications of the rerating of the country risk premium and appreciation of the rand on the balance sheet?
15:15 - Following the review of the public-private partnerships, what are you expecting from the minister on October 30?
17:20 - Some conditional debt relief for municipalities was announced by the minister in February, do you think there will be more relief?
19:36 - Is the minister reining in the spending?
21:14 – Revenue forecast

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 Everything Counts, we discuss retirement planning and saving for your future self. Host Motheo Khoaripe is joined by Kate Robson (co-head of Investec My Investments) and Kgomotso Motloung (Investec financial adviser). The conversation covers setting retirement goals, calculating how much you’ll need, and avoiding common financial mistakes. Whether you’re in your 30s or nearing retirement, this episode offers valuable insights on how to prepare for a financially secure future.

Everything Counts is a podcast series dedicated to exploring the ins and outs of personal finance. Hosted by 702's Motheo Khoaripe, each episode brings together financial experts to tackle crucial topics like saving, debt management, investing, and smart financial habits. The goal is to empower listeners with the knowledge and tools they need to achieve financial wellness.

#RetirementPlanning #FinancialWellness #InvestSmart #SavingForTheFuture #InvestecPodcast #EverythingCounts #RetirementSavings #MoneyMatters #FinancialAdvice

Key moments:

00:00 Introduction
01:20 Where to start with retirement planning
04:00 Calculating replacement ratios for retirement
05:36 The impact of inflation on your savings
06:47 Tactics to set you up for a comfortable retirement
10:58 Time as a key asset in retirement planning
11:17 Different retirement savings products explained
12:18 Should you cash out your pension fund when switching jobs?
17:33 Mistakes to avoid when reaching retirement
18:32 The benefits of living annuities and other preservation options

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As an Investec client, you have access to a dedicated Investec financial adviser for your life insurance and investment needs. Our advisers provide objective advice with no additional fees or commissions. Ensuring transparency and trust. Experience clear, unbiased advice with your trusted financial partner. Investec Focus Radio · Listen to the full series

In this week’s Macro Monday update, Chris Holdsworth, Chief Investment Strategist of Investec Wealth & Investment International, looks at what a Trump vs Harris win would mean for the US economy. He also comments on a slightly more hawkish tone from the latest FOMC, with the market now pricing in a 90% chance of a 25bp cut in November. Despite this, the S&P 500 closed at a record high on Friday. In South Africa, SOE performance is slowly grinding upwards, says Holdsworth, suggesting further upside to SA business confidence. Investec Focus Radio SA

The US economy has received a significant boost as Nonfarm Payrolls – a key indicator of job creation measuring employment in non-agricultural sectors – have surpassed expectations. Chris Holdsworth, Chief Investment Strategist, Investec Wealth & Investment International, shares his insights on the US economy, and looks at a gradual slowdown in global growth and South Africa’s strong income growth. Investec Focus Radio SA

Cyber-attacks have crippled businesses and institutions, drained public money and compromised individuals. So, in 2024, what are the biggest cyber threats to businesses and individuals? And what are the top risk mitigation strategies to consider? In this episode, Jeremy Maggs and guests, Investec’s head of information security and governance in South Africa, Noma Hlazo, and her UK counterpart Tash van den Heever, the latest trends and how to keep yourself and your business safe from attacks.

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.

Podcast key moments:
00:00 – Introduction
01:26 – Are cyber-attacks increasing in South Africa?
02:08 – What are the top cyber security threats in South Africa in 2024?
03:15 – What are the common types of cybersecurity threats globally?
04:10 – How are deepfakes impacting businesses?
04:57 – What’s driving the steep increase in cyber-attacks?
05:35 – Are regulatory frameworks and IT systems in the financial industry keeping up with the rapid evolution of cyber-attacks?
07:26 – What are the most pressing cybersecurity threats that businesses need to be guarding against?
08:35 – How should businesses counter cybersecurity risks?
10:01 – How are individuals being targeted by cyber criminals?
11:06 – How should individuals protect themselves from cyber criminals?
12:06 – What are the biggest cybersecurity trends of 2024? And how are they changing the industry?
14:06 – What new or emerging technology do you think will strengthen cybersecurity systems in the next few years?

Read more on www.investec.com/now Investec Focus Radio SA

In this episode, we explore the newly implemented two-pot retirement system in South Africa. Our expert guests, Kate Robson (co-head of Investec My Investments), Nicolette Mashile (Financial Bunny), and Siphithi Sibeko (media spokesperson at SARS), unravel the complexities surrounding retirement savings. They discuss the implications of withdrawals, the importance of long-term savings, and unpack the tax considerations.

Whether you’re approaching retirement or just beginning to save, this episode offers crucial insights to empower your financial journey.

Everything Counts is a podcast series dedicated to exploring the ins and outs of personal finance. Hosted by 702's Motheo Khoaripe, each episode brings together financial experts to tackle crucial topics like saving, debt management, investing, and smart financial habits. The goal is to empower listeners with the knowledge and tools they need to achieve financial wellness.

KEY MOMENTS:

00:00 Introduction
01:30 Why was the two-pot retirement system introduced?
03:30 What is the two-pot retirement system?
05:30 What is the conversation around the two-pot retirement system?
08:45 SARS and the two-pot retirement system
10:45 Tax implications of withdrawing from your savings pot
15:30 Hidden fees in withdrawals from your savings pot
18:20 Case study: Nkosi’s story
24:00 Understanding your own personal finance
26:00 Importance of a financial adviser
27:00 Understanding retirement savings Investec Focus Radio SA

There has been a strong and swift reaction to last week's stimulus package by Chinese authorities, including equities and commodities. Investec Wealth & Investment Chris Holdsworth Chris Holdsworth looks at the implications. Investec Focus Radio SA

What did the Fed see when it decided to cut rates by half a percentage point? Chief Investment Strategist at Investec Wealth & Investment Chris Holdsworth looks at last week’s interest rate decisions by the Fed and by the SA Reserve Bank. Investec Focus Radio SA

As central bankers worldwide shift towards easing monetary policies, what kind of rate-cutting cycle are we entering? In the latest episode of No Ordinary Wednesday, Investec Treasury Economist Tertia Jacobs shares her expert insights on the factors that will the trajectory of interest rates in the coming months.

00:00 – Introduction
01:35 – What factors will influence the pace of interest rates cuts in the US?
03:10 – What will the SARB contend with in determining the trajectory of rate cuts?
04:42 – What do you expect, big cuts upfront or more gradual?
05:46 – What would be the impact of a front-loaded approach?
06:52 – Inflation outlook
08:34 – What pace of interest rates cut are you expecting for other developed markets?
10:00 – What are your expectations for other emerging markets?
11:20 – What’s driving the bond market in SA?
12:27 – How will rate cuts impact government bonds?
13:10 – Fiscal consolidation in South Africa
14:40 – GDP outlook

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.

Read more on www.investec.com/now Investec Focus Radio SA

In this episode of Everything Counts, we explore the financial and practical considerations of buying property for resale or as a holiday home. Motheo Khoaripe is joined by experts Keshnie July (Lending Product Owner at Investec), Hayley Ivins-Downs (Managing Executive for Real Estate at Lightstone Property), and Tsholofelo Mokoma (Property Practitioner at RE/MAX Horizon).

They discuss the pros and cons, trends, and hidden costs of owning a second property. Whether you're an investor or considering a holiday home for leisure, this episode is packed with insights on market trends, legalities, financing, and tips to protect your investment.

Key moments:

00:00 Introduction: Investing in a second property
01:00 Property ownership trends in South Africa
02:00 Renting vs holiday homes: Key trends
03:00 Financial impact of interest rates on rental properties
05:00 Location considerations for rental or holiday homes
07:00 Hidden costs of owning a second property
08:00 Legalities: What to ask your agent
10:00 Managing rental properties: Contracts and agreements
12:00 How to know if you're ready for a second property
12:30 Role of the bank and financing options

Everything Counts is a bi-weekly podcast series that focuses on money and financial wellness. Hosted by 702's Motheo Khoaripe, each episode tackles various aspects of personal finance, including saving, spending, investing, pitfalls to avoid and tricks to succeed. The podcast aims to provide valuable information and expert guidance to help you improve your financial well-being.

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Investec’s Global Investment Strategy Group has kept its risk score at -1. Chief Investment Strategist at Investec Wealth & Investment Chris Holdsworth looks at the reasoning, against a backdrop of a likely cut in interest rates by the Fed later this week. Investec Focus Radio SA