NOW Special Edition: Positioning for tariff turmoil

Investec Focus Radio SA

In this special edition of Investec’s No Ordinary Wednesday podcast, we delve into the recent market turmoil following President Donald Trump's controversial tariff announcements, which led to a staggering $5 trillion loss in the S&P 500 in just two days. Investec Wealth & Investment International’s Chief Investment Strategist, Chris Holdsworth, and Investment Strategist, Osagyefo Mazwai discuss implications for the global and local economies, investment portfolios and the future of markets.
Podcast key moments:
00:00 – introduction
01:01 - What’s the Global Investment Strategy Group’s view on Trump’s strategy and how does it impact its risk score?
03:00 - Is this all bark and no bite on Trump’s behalf? Could Trump roll back any of the tariffs?
03:54 - Is there method in Trump’s madness? Could these tariffs play to his ambitions of boosting local manufacturing, reducing debt and improving the life of the majority of Americans?
05:55 - US recession fears are mounting, are these valid? What would the knock-on consequences be for global growth and earnings?
06:39 – Where are the opportunities for investors amidst the chaos?
07:50 - South Africa’s exposure to tariffs?
09:24 - What options does the South African government have when it comes to responding to the tariffs?
10:30 – The uncertainty with the government of national unity is weighing heavily on local markets. How will this play out?
12:17 - With all this uncertainty, how is Investec’s Global Investment Strategy Group positioned on South Africa?
13:30 - South Africa has strong trade ties with both the US and China. How could these tariffs affect the country’s trade balance?
14:22 - Should we be concerned about further rand weakness?
15:20 - With no end in sight to geopolitical tensions and global trade shifts, what is the outlook for the global economy over the next 12 months?
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

Chapters

1. Introduction (00:00:00)

2. What’s the Global Investment Strategy Group’s view on Trump’s strategy and how does it impact its risk score? (00:01:01)

3. Is this all bark and no bite on Trump’s behalf? Could Trump roll back any of the tariffs? (00:03:00)

4. Is there method in Trump’s madness? Could these tariffs play to his ambitions of boosting local manufacturing, reducing debt and improving the life of the majority of Americans? (00:03:54)

5. US recession fears are mounting, are these valid? What would the knock-on consequences be for global growth and earnings? (00:05:55)

6. Where are the opportunities for investors amidst the chaos? 07:50 - South Africa’s exposure to tariffs? (00:06:39)

7. What options does the South African government have when it comes to responding to the tariffs? (00:09:24)

8. The uncertainty with the government of national unity is weighing heavily on local markets. How will this play out? (00:10:30)

9. With all this uncertainty, how is Investec’s Global Investment Strategy Group positioned on South Africa? (00:12:17)

10. South Africa has strong trade ties with both the US and China. How could these tariffs affect the country’s trade balance? (00:13:30)

11. Should we be concerned about further rand weakness? (00:14:22)

12. With no end in sight to geopolitical tensions and global trade shifts, what is the outlook for the global economy over the next 12 months? (00:15:20)