Investec Investec Focus Radio SA

Macro Monday Ep 100: A year when valuations mattered

Loading player...
In the first episode of Macro Monday for 2026, our Chief Investment Strategist Chris Holdsworth looks at market performance over the last year. While US equities added 18% in 2025, it lagged behind global equities (up 23%) and an array of countries, including South Africa. One of the top-performing currencies last year was the rand, which benefited from improved fundamentals and a weaker US dollar.
12 Jan English South Africa Business · Investing

Other recent episodes

Macro Monday Ep103: Precious metals’ dramatic fall

Chris Holdsworth, Chief Investment Strategist, Investec Wealth & Investment International, makes sense of a busy few days on financial markets, which saw sharp falls in precious metals prices. Despite the dramatic drop in gold, platinum and silver prices, precious metals prices are back to where they were in early January.
2 Feb 8 min

Art in Focus Series 2 | Ep 2: Women leading the way in art

From discovering and nurturing emerging artists, to building trust-based relationships with collectors, Emma van der Merwe of Everard Read, Shona van der Merwe of RESERVOIR Projects and Anelisa Mangcu of Under the Aegis, discuss the increasing prominence and role of women in the art ecosystem. These three gallerists open up…
28 Jan 40 min

Everything Counts | Episode 40: Debt management for young professionals

Starting your first real job with a decent pay check should feel exciting but what if it mostly feels confusing, stressful and a little scary? If you’ve made money mistakes before, missed payments or taken on debt you didn’t fully understand, you’re not alone… and you’re not out of options…
26 Jan 16 min

Macro Monday ep102 | Are US consumers living beyond their means?

Standing in for Chris Holdsworth this week, investment strategist Osagyefo Mazwai looks at the latest US growth numbers. While GDP growth at a headline level looks robust, it reveals some concerns about personal income, which has been lagging expenditure. The US labour market has also been softening, so while the…
26 Jan 7 min

NOW Ep119: Davos 2026 | Navigating the new disorder

The World Economic Forum Annual Meeting in Davos offered fewer illusions, and more realism. The rules-based order is no longer assumed. Geopolitics is now embedded in balance sheets. Scale matters. Delivery matters more. In the final episode of our Davos Debrief podcast series, Investec Group Chief Executive Fani Titi argues…
22 Jan 17 min
All episodes