Investec Investec Focus Radio SA

NOW Ep124: A crude awakening for inflation?

Loading player...
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
Chapters
  • 00:00 Introduction
  • 01:42 How has the Middle East conflict changed the global macroeconomic landscape?
  • 03:28 What’s the difference between the 2022 oil price shock and now?
  • 04:36 Other commodities that should concern the global economy?
  • 05:27 What is the immediate impact of the Middle East conflict on SA’s economy?
  • 07:21 What happens if the war ends today?
  • 09:51 What if the war doesn’t last a few weeks?
  • 11:19 How do central bankers respond to stagflation environment?
  • 12:36 Could there be divergent responses from central banks?
  • 15:24 SA focus on consumers, business and government
  • 20:25 What is the single biggest risk to the global economic outlook?
  • 21:10 What can consumers and businesses look forward to in the future?
31 Mar English South Africa Business · Investing

Other recent episodes

Macro Monday Ep118: US economic data point to higher interest rates

Economic data in the US, such as jobs growth, have surprised to the upside of late, pointing to a resilient economy. Chris Holdsworth, Chief Investment Strategist, at Investec Wealth & Investment International says this strength has unsettled markets, on rising expectations of rate hikes by the Fed.
8 Jun 9 min

Wine as an asset: what collectors look for

Marble's head sommelier, Wikus Human and Investec's Roy van Eck, discuss what to consider when graduating from casual wine purchaser to wine collector. Together with host Palesa Mapheelle, they explain how to identifying age-worthy vintages, and the risks and rewards of investing in wine to make a financial return. They…
4 Jun 27 min

NOW Ep 128 : The dragon’s new terms

China remains South Africa's largest trading partner, but the landscape of global trade is evolving. As compliance requirements tighten, supply chains face new pressures, and geopolitical tensions reshape trade flows, businesses must navigate an increasingly complex relationship with the world's second-largest economy. In this episode of No Ordinary Wednesday, Investec…
3 Jun 18 min

Macro Monday Ep117: Tech sector lifts emerging markets

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…
1 Jun 11 min
All episodes