NOW Ep108: The magnificent 10 | Striking gold in global markets

Loading player...
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.
2 Sep English South Africa Business · Investing

Other recent episodes

NOW Ep110: US priced for perfection

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…
30 Sep 13 min

Macro Monday Ep 89: Data send mixed messages

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…
29 Sep 10 min

Macro Monday Ep 88: A tale of three central banks

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…
22 Sep 7 min

NOW Ep 109: SA’s logistics logjam | Bottlenecks, costs and cautious optimism

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…
16 Sep 11 min