Investec Focus Radio SA

The World Economic Forum Annual Meeting is here and markets are paying attention. As leaders gather in Davos, the conversations will likely shape risk premiums, capital allocation and investor confidence in the months ahead. In episode one of our special Davos Debrief podcast series, host Jeremy Maggs is joined by Chris Holdsworth, Chief Investment Strategist at Investec, to cut through the noise and focus on what really matters for investors. Podcast key moments: 00:00 - Introduction 01:49 - How should investors interpret the 2026 Global Risks Report findings 02:28 - Does a shift in risk weighting change the thinking around capital allocation and diversification? 03:03 - Are investors underestimating the economic side of global risk? 04:47 - Are investment opportunities and risks in a more multipolar or contested economic order? 05:24 - Where do you see growth potential right now, both in developed economies and in emerging markets? 07:03 - How should investors balance their innovation upside with systemic risk exposure? 08:02 - How do investors think about resilience, whether for portfolios, for businesses or economies? 08:47 - What are the three signals or outcomes that you'll be watching closely at WEF2026? 10:03 - From an investment perspective, how material are positive economic signals from South Africa? 11:55 - What’s the one thing investors should be watching this week when it comes to South Africa's positioning in global portfolios? 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

Drowning in credit offers the moment you land your first paycheck? You’re not imagining it, from store cards to buy-now-pay-later, young professionals are being pulled into debt faster than they can say “credit approved". In this episode of Everything Counts, host Motheo Khoaripe sits down with Investec’s Keshnie July, Lending Product Owner and Lehlogonolo Ramushu, Credit Risk Consultant, to unpack why so many young people find themselves overwhelmed by debt so early in their careers and what you can do to avoid falling into the debt trap. From building a healthy credit record without sabotaging your future, to spotting bad deals, understanding unsecured loans and recognising the emotional and social pressures that drive overspending, this conversation takes you inside the real-world decisions that shape your financial life. You’ll hear why “easy credit” isn’t always your friend, how small habits snowball into big consequences and the practical steps every young professional can take to stay in control, protect their credit score and build a foundation for long-term wealth. If you’re earning your first salary, navigating credit for the first time or trying to break free from financial stress, this episode will equip you with the clarity and confidence you need to make smarter money decisions. 00:00 Introduction 01:14 Why are so many young people in debt? 02:13 Building a credit record 02:35 The impact of credit decisions 03:48 The marketing of debt 04:27 Unsecured loans and how easy it is to fall into the debt trap 05:03 Importance of reading the fine print 06:14 How much debt is too much? 07:15 Controlling your money habits 07:55 Understanding your finances 09:00 The importance of financial literacy 11:22 Financial mistakes young professionals make 14:36 Financial advice for young professionals: How to spot a bad deal 16:45 The long-term consequences of too much debt 17:20 How debt and credit usage affect your credit score 18:50 What is good debt? 19:50 Debt consolidation and debt review 21:50 Conclusion Investec Focus Radio SA

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. Investec Focus Radio SA

Listen to Frank Kilbourn of Strauss & Co. and Ashleigh McLean of Whatiftheworld Gallery on how galleries and auction houses navigate market cycles, build sustainable artist careers, and assign value in a constantly shifting art ecosystem. They also share invaluable insider-insights on upcoming artists to watch. Key moments: 00:00 Introduction 01:19 Guests' personal journeys into the art world 05:48 Understanding the Primary and Secondary art markets 08:09 Market dynamics and pricing strategies 17:44 Building and sustaining an artist’s career 23:26 Current market trends and shifts 30:49 Dream art acquisitions Landing page to explore all of Art in Focus podcast series · Investec Focus Radio SA

As the year wraps up, it's the perfect moment to pause, reflect, and refocus. From building a resilient wealth mindset to navigating digital risks, future-proofing your estate plans, rethinking retirement, and making smarter energy choices — this year’s conversations have reshaped how we think about money, security, and long-term wellbeing. In this special Year in Review episode of Everything Counts, we revisit the ideas that pushed us to grow, question assumptions, and plan with greater intention. From the habits that unlock financial confidence to the rising trends changing how we work, save, protect ourselves, and power our homes, this roundup captures the big shifts shaping a more empowered financial future. Whether you’ve taken small steps, bold leaps, or simply absorbed new insights along the way, this episode is your invitation to carry that momentum forward. Here’s to entering the new year with clarity, courage, and a mindset built for possibility. 00:00 Introduction 01:00 What is a wealth mindset? 03:50 The importance of mentorship and learning about money 05:00 How do you start again when things go wrong? 07:30 Estate planning and drafting a will in South Africa 08:00 What happens if you don’t have a will? 09:00 What makes a will valid in South Africa? 10:00 Impact of poor savings habits and why early retirement planning is key 13:30 How a financial advisor can help with retirement planning 15:00 What happens if you outlive your retirement savings? 16:00 Business cybersecurity and common scams 17:10 Business email compromise 18:00 Understanding social engineering 19:00 The use of AI in cybercrime 20:00 Cybercrime to look out for 22:00 Home solar systems in South Africa 23:00 Solar installation regulations in South Africa 24:30 Solar compliance and safety considerations 28:00 Conclusion Investec Focus Radio SA

Group Chairman of Standard Chartered, José Viñals, Sarah Kemmitt, former lead of the UN Net Zero Banking Alliance and Dr. Nina Seeger, Director of CISL Centre for Sustainable Finance discuss how finance can accelerate sustainable development more effectively. From addressing the mispricing of climate and nature risk, to correcting market distortions, tackling permitting bottlenecks and supporting coherent policy, the conversation highlights the conditions needed to align global capital with a cleaner, fairer, more resilient global economy. Investec Focus Radio SA

Feeling like your December budget melts faster than an ice cream in the sun? You’re not alone; even the most disciplined savers lose control when the festive season hits. In this episode of Everything Counts, Motheo Khoaripe sits down with Investec financial advisor Nirvashni Rajkumar to unpack why we overspend in December, how festive marketing and emotions cloud our judgment, and the practical steps you can take right now to avoid a financial hangover in January. From understanding the psychology behind “DeZemba,” to making your 13th cheque last, and setting a realistic December budget the whole family can get behind. This conversation is packed with real-world strategies to help you celebrate without regret. If you want to end the year with clarity, avoid holiday overspending, and start the next one strong, you’re in the right place. 00:00 Introduction 01:30 Why are we prone to overspending during the holiday season? 03:00 How festive marketing drives holiday season spending 04:00 The psychology of holiday spending 06:00 When should we start budgeting for December? 07:00 Planning for holiday season spending isn’t a one-person job 08:15 How your financial advisor can help with your December budget 10:00 How to make your 13th cheque last: Confronting financial vulnerabilities 14:00 Top tips to avoid blowing your December budget 15:00 Setting a realistic December budget 18:00 Teaching children about delayed gratification 19:00 Hacks to getting the most out of your holiday season spending 23:00 How to plan and budget for the year ahead 26:30 How to end the year with financial clarity 27:30 Conclusion Investec Focus Radio SA

Gillian Tett and Professor Bob Eccles discuss how anti-ESG sentiment and political tensions, particularly stemming from USA, are reshaping climate policy, corporate behaviour, and markets. These two globally respected interpreters of political economy and corporate purpose examine what this means for global action, and how leaders can navigate the fragmented landscape. 00:00 - 12:30 Understanding the Pendulum: How We Arrived at Today’s Polarised Landscape 12:30 - 23:30 The Political Realignment: ESG Backlash, Cultural Fractures & the New “Stakeholders” 23:30 - 37:00 What’s Happening on the Ground: The Reality of Corporate Adaptation 37:00 - end Pathways Forward: Language, Consensus-Building & the Leadership Mandate Investec Focus Radio SA

The latest global purchasing managers index numbers show that there’s little indication of a slowdown in global growth. Chris Holdsworth, Chief Investment Strategist, Investec Wealth & Investment International says the US numbers have also been strong, but key indicators show that US inflation is above target levels. Investec Focus Radio SA

A discussion of Africa’s energy transition as both an economic strategy and a question of agency, featuring insights from Professor Carlos Lopes and investment leader Jasandra Nyker. They argue that while the world often views Africa through the narrow lens of risk, fragility, or aid dependency, the continent increasingly sees itself as a driver of innovation, industrialisation, and clean energy leadership. 00:38 – 04:09 Rethinking Africa’s Energy Future 04:09 – 10:45 From Dependency to Agency 10:45 – 24:24 Mobilising Capital & Redefining Risk 24:24 – 46:49 Leadership for a Just and Ambitious Transition Investec Focus Radio SA

The year-end episode of the No Ordinary Wednesday podcast confronts a familiar contradiction: markets that looked buoyant, and an economy that often didn’t. In conversation with our Chief Investment Strategist Chris Holdsworth, we dissect the year’s dissonance and the lessons it leaves behind - above all, that in a noisy world, valuation discipline and diversification remain the investor’s most dependable anchors. Podcast key moments: 00:00 - Introduction 01:51 - What is the Global Investment Strategy Group (GISG)? 02:59 - What are the core principles that anchor the GISG investment philosophy? 04:20 - What defined global markets in 2025? 06:04 - Why hold back at a time when markets appear optimistic 07:04 - What does the GISG expect for the global economy in 2026? 08:03 - What are the big risks ahead? 08:52 - Outlook for the dollar 09:49 - How should investors be thinking about constructing portfolios 10:14 - What is South Africa’s risk score? 11:10 - How does the GISG investment philosophy guard against behavioural errors? 11:58 - What has 2025 taught you about investing in uncertain times? 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

This festive season, scamsters are busier than ever. From fake travel deals to holiday shopping traps, the pressure to click quickly can make anyone vulnerable. In this episode of Everything Counts, Motheo Khoaripe sits down with fraud expert Kevin Hogan and cybersecurity specialist Nomalizo Hlazo to unpack the most common holiday scams and how to stay protected when excitement meets urgency. The episode covers why holiday scams are so effective, tools to identify scams and the red flags you should be on the lookout for. Remember that holiday scams aren’t always about getting you to make a purchase; they can often be phishing scams to get your details. Stay safe this festive season! 00:00 Introduction 01:50 Why is the holiday season a big one for scamsters? 02:50 Why are people less wary around the festive season? 03:50 Common holiday scams in South Africa 05:00 Red flags that may signal a holiday scam 08:00 Can consumers avoid holiday scams by using proper channels? 09:00 Tools to identify scams 11:00 Debunking myths about holiday scams 12:00 Payment-related red flags to look out for 15:20 Holiday scams can be phishing scams 17:00 How to protect yourself from scams: Virtual Cards vs Instant EFT 20:00 Digital hygiene to avoid holiday scams 23:30 Advice for avoiding holiday scams 25:30 Conclusion Investec Focus Radio SA

While November was flat for global markets, they’ve performed well over six and 12 months. Chris Holdsworth, Chief Investment Strategist, Investec Wealth & Investment International discusses South African equities that have stood out, with a 43% gain in US dollar terms over the past 12 months, compared to 19% for the global benchmark, reflecting the role of rising commodity prices in supporting South African markets. Investec Focus Radio SA

In this episode we host Dominic Vergine, CEO and founder of Monumo to discuss how AI can play a central role in advancing positive people and planet outcomes and the real impact of this technology. 00:00 – 01:41 | Setting the scene – AI and leadership in a changing world 01:41 – 18:25 | Targeted applications and real-world impact of AI 18:25 – 31:57 | AI, society, and the economy – risks, regulation, and opportunity 31:57 – 41:31 | The future of AI – sustainability, education, and leadership Investec Focus Radio SA

The latest US jobs numbers were not encouraging, with nonfarm payrolls revised down for the eighth month in a row and unemployment rising to 4.4%. Despite this, says Chris Holdsworth, Chief Investment Strategist, Investec Wealth & Investment International, the Fed doesn’t seem to be in a rush to cut rates, as inflation remains sticky. Investec Focus Radio SA

In the debut episode of 'What Next' - Marc Kahn and Lindsay Hooper bring in Faustine Delasalle, CEO of the Mission Possible Partnership and Katie Fergusson, SVP, Studies and Development at Anglo-American to discuss some surprising advancements being made by heavy industry, like steel manufacturing. While technologies for low-carbon, resource efficient steel, cement, heavy transport and mining are advancing rapidly, deployment still lags behind what’s required. 00:00 Introduction 01:50 Clean Growth & Industrial Revolution 03:23 Guests background in sustainability 04:40 Are We Moving Fast Enough? 06:36 Technology, Policy, and Market Forces 08:00 Scenarios for Industrial Acceleration 09:03 Mining’s Role in the Transition 10:01 Innovation in Mining- examples of new technologies 13:14 Scaling Innovation: Lessons Learned 19:46 More mining less extraction 21: 06 Value Chains, Policy, and Market Signals 24:52 Partnerships and Vertical Integration 27:07 Social Impact and Just Transition 31:57 Policy Shifts for Decarbonization 34:06 Leadership Insights 37:11 Closing Reflections Investec Focus Radio SA

Medicine is moving into a world where software spots patterns before humans sense symptoms, and breakthrough therapies can move markets faster than earnings reports. Longevity is rising, costs are climbing, and global healthcare systems are left to wonder whether innovation will save them or bankrupt them first. In this episode of No Ordinary Wednesday, Jeremy Maggs speaks with Dr Jimmy Muchechetere from Investec Investment Management UK to unravel the forces rewiring global healthcare, from the boom-and-bust frenzy around weight-loss drugs to AI promising to predict illness long before it strikes. Podcast key moments: 00:00 Introduction 01:34 Are we reaching the limits of human longevity? 02:13 Are weight-loss drugs a bubble or a structural shift? 04:13 How the White House–pharma deal changes drug pricing 06:58 Who wins and loses in a world with fewer illnesses? 08:10 Why longevity is becoming a macroeconomic risk 10:28 Who holds power in an AI-driven pharmaceutical world? 12:27 How to maintain trust when AI outperforms humans in diagnostics 13:51 How AI is transforming preventative medicine 16:27 Will data expertise surpass clinical expertise? 17:35 Who is accountable when AI influences medical decisions? 18:57 Why regulation must catch up with rapid AI innovation 20:47 Will AI-driven healthcare widen inequality? 22:39 How demographics and geopolitics shape healthcare tailwinds 23:56 How leaders build conviction in a VUCA healthcare landscape 25:22 The next frontier in personalised and preventative medicine 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

Are you worried about what your children are doing online or how to handle it if your child is the one causing harm? In this episode of Everything Counts, host Motheo Khoaripe sits down once again with Emma Sadleir Berkovitz, founder of the Digital Law Company and Africa’s leading expert on social media law and digital risk. Together, they tackle one of the most difficult topics in parenting today: what to do when your child becomes a cyberbully and how to guide them towards responsible, empathetic online behaviour. From the legal consequences of cyberbullying to the real-world impact of digital actions, this episode explores the cyberspace fallacy and the lasting effects of online harm. You’ll learn how peer-to-peer digital abuse manifests, the dangers of oversharing online and how online anonymity fuels online cruelty, all while discovering tools to help your children develop resilience, empathy and accountability. Emma also shares insights on digital literacy, the growing movement for a ‘smartphone-free childhood’ and practical strategies for parents to keep children safe online. If you’re a parent, teacher or caregiver navigating the challenges of raising kids in a connected world, this episode is your roadmap to understanding, prevention and empowerment. Stay informed, stay intentional and help your children build a healthier relationship with technology, one click at a time. 00:00 Introduction 01:00 How to parent a child that is a cyberbully 02:50 Legal consequences of cyberbullying 04:50 The cyberspace fallacy 07:00 How prevalent is peer-to-peer harm? 11:00 The digital world as an extension of the real world 14:00 The dangers of oversharing online 17:00 Empowering kids with social scripts 17:50 Online anonymity makes cyberbullying worse 19:10 Increase in mental health issues for children 21:00 Smartphone Free Childhood 22:30 Digital literacy starts at a young age 24:30 Parents need to educate children on their online responsibilities 26:30 Tips for parents to keep children safe online 30:00 Conclusion Investec Focus Radio SA

October inflation surprised on the downside in just over half of the major countries that have reported numbers so far. There was no number for the US, due to the government shutdown, but, says Chris Holdsworth, Chief Investment Strategist, Investec Wealth & Investment International, other indicators point to a rate of around 3%, with some upside risk. Investec Focus Radio SA

Global growth is on the rise again, while the US has seen upgrades to its growth forecasts, despite the ongoing shutdown. But while the US seems in good shape, says Chris Holdsworth, Chief Investment Strategist, Investec Wealth & Investment International, there are early signs of softness in China, based on import numbers and high frequency data. Investec Focus Radio SA