Despite Africa having 60% of the best solar resources in the world, it only has 1% of installed solar PV capacity. And some 600 million people in Africa don't have access to energy- with detrimental developmental consequences. The need is huge, and so too is the opportunity to finance Africa’s renewable energy transition. Revego's CIO says the total investment for renewable energy in Sub-Saharan Africa for the next eight years could reach about 193 billion US dollars. In episode 9 of The Current, we discuss what needs to be done to mobilise the necessary capital to electrify Africa. Host, Iman Rappetti, is joined by Ana Hajduka Shields, CEO of Africa GreenCo, Ziyaad Sarang, Revego's CIO and Brian Irvine, Investec's global head of Export and Agency Finance. 00:00: Intro 02:25 Meet the guests 02:52: All the resources and so little power 05:21: What's the cause of Africa's energy deficit? 06:30 What's got in the way of investment? 07:41: Moving away from fossil fuels 08:23: Africa to leapfrog to green industrialisation 09:30: It's about more than mitigating climate change 11:07: Convergence between economics and climate targets 11:35: Private sector taking the lead in bridging the finance gap 12:55: Example of export and credit agency finance 16:05:The role of green bonds in financing energy infrastructure 16:57: Equity markets need to play a bigger role 18:55: Education is a key factor to attract capital 22:05: Regional power pools and trading of energy 23:20: South Africa to benefit from cross-border trading 24:58: C&I project for commercial off-take 25:27: In crisis comes opportunity- 193bn dollars in opportunity This podcast was brought to you by Investec's Export and Agency Finance team to find out more click here: https://www.investec.com/en_za/investec-for-corporates/finance/export-and-agency-finance.html Investec Export and Agency finance · Investec Focus Radio SA
Despite some notable economic gains for South Africa, growth constraints persist. What does this mean for the second half of the year? Investec Chief Economist Annabel Bishop shares her projections for the next six months and highlights the key economic indicators to watch out for. Podcast key moments: 00:00 – Introduction 00:57 – Impact of elections on the rand, investor confidence and the economy 02:27 – GDP outlook for the rest of 2024 03:44 – Will the Purchase Manager's Index (PMI) improve? 05:10 – What will strengthen business confidence? 07:47 – Household finances remain restricted 09:04 – Inflation data positive for interest rates 10:45 – Impact of inflation on household finances 11:53 – Impact of global elections on South Africa 13:51 – Will South Africa’s 10-year benchmark bond recover? 16:19 – What are the key drivers of rand volatility? 17:40 – Key economic indicators to watch out for in the second half of 2024 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. Read more on www.investec.com/now Investec Focus Radio SA
Everything Counts is a new bi-weekly podcast series that focuses on money and financial wellness. Hosted by 702's Motheo Khoaripe, each episode tackles various aspects of personal finance, including saving, spending, investing, pitfalls to avoid and tricks to succeed. The podcast aims to provide valuable information and expert guidance to help listeners improve their financial well-being. In this episode, we dive into budgeting and discuss how to manage your money better. Our expert guests, seasoned Investec financial advisor Kgomotso Motlaung and leading financial consumer journalist Maya Fisher-French, share their insights on budgeting and offer practical tips to help you take control of your finances. Whether you're just starting out or looking to improve your budgeting skills, this episode will provide the guidance you need to achieve your financial goals. Tune in now and start making every penny count! Skip ahead 00: 00 Introduction 01:12 Maya’s budgeting story 03:12 Why is budgeting important to your financial wellness? 04:11 What are the characteristics of a good budget? 07:27 How important is discipline? 09:56 How important is having conversations with your family about your budget? 13:46 What portion of your income must you set aside to save? 15:49 How does your life stage determine your budget? 17:52 How can budgeting tools assist you? 18:47 How do you put aside money to splurge? 22:07 How do you make sure you keep to your budget? 24:11 What are some of the biggest mistakes people make when drawing up a budget? Full article · Investec Focus · Investec Focus Radio SA
In this week's episode, Investec Wealth & Investment Chief Investment Strategist Chris Holdsworth unpacks at the latest global PMI print and what it means for the global growth, US employment, European Central Bank interest rates cut and South Africa’s latest GDP reading. Investec Focus Radio SA
Two in three cars sold globally will be electric by 2035, says the International Energy Agency. And in Europe - South Africa's largest automobile export market, one in four cars sold are already EVs. SA is way behind this adoption curve, but it's quickly picked up pace in the last two years. In episode 8 of The Current, we look at what needs to be amped up for SA drivers to shift their mindsets and benefit from the cost and carbon savings of electric vehicles. Host, Iman Rappetti, is joined by Mark Raine, co-CEO of Mercedes-Benz South Africa; Ndia Magadagela, CEO of Everlectric and Investec's head of Sustainable Solutions, Melanie Humphries. 00:00: Intro 01:54: Meet the guests 03:03: Overview of electric vehicle landscape in South Africa 03:38: SA destined to be an electric vehicle market 05:17: Preferential financing of EVs 05:44: Bringing prices tags on EVs down 08:07: “Range anxiety” and number of charging stations in SA 10:43: Are EV’s really greener than ICE vehicles? 13:36: Recycling of EV’s batteries 15:48: B2B businesses – Leasing of electric vehicles 17:13: Leased EVs and their ESG credentials 18:12: The larger the electric vehicle, the more the cost saving 20:38: Evolution of EVs in public transport, like SA taxis 20:38: EV’s in public transport like SA taxis 21:35: Incorporating your EV battery into a home energy solution 22:27: Automotive manufacturing sector in SA must change to survive 23:47: Stimulating EV manufacturing in SA 25:30: The electric vehicles white paper lays out SA’s roadmap 26:18: Mercedes-Benz’s CEO predicts 10,000 EVs to be sold in 2027 27:35: Closing comments – The EVolution is here Investec Focus Radio SA
In this week's episode, Investec Wealth & Investment Chief Investment Strategist Chris Holdsworth discusses post-elections in SA, the latest development on growth and inflation in the US and what it means for interest rates as well as inflation and unemployment in Europe and outlook for interest rates. Investec Focus Radio SA
Not all bonds are equal in a geopolitical storm. Chief Investment Officer for Investec Bank Switzerland Annelise Peers and Investec Wealth & Investment Fixed Income Analyst Awongiwe Booi discuss the role of bonds in times of uncertainty. Listen to the latest episode of the No Ordinary Wednesday podcast. Podcast key moments: 00:00 – Introduction 01:12 – What impact is geopolitical turmoil having on economies, financial markets and the oil price? 02:36 – How has the bond market reacted to conflicts in the Middle East and the Russia/Ukraine war? 03:44 – What has been the impact of the conflicts and fluctuating oil price on South Africa? 05:32 - How is South Africa’s low growth, high interest rates, sticky inflation and structural issues impacting the local bond market? 06:51 – With strained government finances, how is the global bond market viewing South Africa? 09:10 – Economic growth outlook in major economies 11:27 – What do economic indicators in major markets mean for bond markets? 13:46 – To what extent is Japan a factor? 15:29 – Foreign investors staying the course in emerging markets 18:06 – Interest rates outlook 19:46 – Impact on long-bond yields and currencies 22:44 – Outlook for fixed income markets 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. Read more on www.investec.com/now Investec Focus Radio SA
Everything Counts is a new bi-weekly podcast series that focuses on money and financial wellness. Hosted by 702's Motheo Khoaripe, each episode tackles various aspects of personal finance, including saving, spending, investing, pitfalls to avoid and tricks to succeed. The podcast aims to provide valuable information and expert guidance to help listeners improve their financial well-being. This podcast is perfect for individuals of all ages and backgrounds who are interested in managing their money more effectively and achieving their financial goals. Whether you're a recent graduate or someone looking to improve their financial situation, Everything Counts offers practical tips and insights to help you take control of your finances and secure your future wealth. In this episode, Motheo speaks to leading financial consumer journalist Maya Fisher French, and seasoned financial advisor from Investec, Kgomotso Motloung, about what financial wellness really is and what you need to do to obtain it. Skip ahead 00:00 Introduction 01:38 What is financial wellness? 03:35 Maya talks about her career move from stockbroker to journalist and how that impacted how she looks at money 05:32 Where do I start? 06:35 How do I approach a financial advisor? 09:18 Money personalities and their impact on my finances? 10:49 How do I structure my financial plan? 14:33 Why shouldn't I be ashamed about asking for help when it comes to my finances? 17:13 How do I calculate my net asset value? 18:01 Plan for when things go wrong 19:14 Where should I get advice from? 20:26 How should my budget work? 21:38 What habits will help me get my finances in order? 23:22 How do I think about insurance? Financial wellness insights · Private Banking for you · Investec Focus Radio SA
In this week's episode, Investec Wealth & Investment Chief Investment Strategist Chris Holdsworth looks at a change of sentiment from the FED, what’s happening in commodities, preview of the US election, and the CCPI print in South Africa. Investec Focus Radio SA
This year, South Africa is set to become the tenth-largest solar market in the world. In 2023 R17.5 Billion rands of solar panels were imported into this country. In the latest episode of The Current podcast series, we’re talking all things solar PV – from market dynamics to how much it costs and whether it makes commercial sense for you to install it for your business or your home. Listen to Investec’s Melanie Humphries, Bernard Geldenhuys, and SAPVIA’s De Wet Taljaard, as they enlighten us on SA’s solar boom. 00:00: Intro 01:56: Meet the guests 02:24: Overview of solar in SA and its domination 03:36: 86% of all solar is residential or rooftop 04:24: Large-scale solar PV projects 05:03: SA in comparison to other country's solar adoption 06:20: The impact of residential solar's boom on the national grid 07:16: The cost implications of installing solar 09:46: Homeowners installing solar for commercial value 11:55: Equitable access to solar power 13:55: Local manufacturing of solar lagging behind 14:49: REIPP Programme attracting substantial FDI 15:19: Feeding excess energy back into the grid 17:32: Transmission is the biggest hurdle for large-scale solar 18:50: What is wheeling and why is it important for IPPs? 21:19: Top considerations when installing rooftop solar 22:28: Maintenance of solar equipment 23:10: Loadshedding and solar's relationship is changing 24:17: SMMEs benefit from solar 25:24: What are the risks to SA's solar boom? 28:28 Closing comments and some practical advice Investec's Sustainable Solutions in solar · Investec Focus Radio SA
In this episode, journalist Ferial Haffajee hosts a discussion with Cumesh Moodliar, Fumani Mthembi, Ravi Naidoo, Reyburn Hendricks, and Wrenelle Stander. They explore the challenges and opportunities facing Cape Town and South Africa as they navigate uncertainty and work toward sustainable economic growth. The conversation delves into various topics, including the impact of dropping the licensing cap on independent power producers like Pele Energy Group and the positive outcomes it has brought. They also discuss the global energy revolution and how South Africa can leverage this momentum for its benefit. The CEO initiative is examined, focusing on its impact and sustainability beyond elections. This analysis takes into account the significance of private capital in generating public good, as well as the role of public-private partnerships in driving economic development. The discussion also touches on the growth of Cape Town's aviation and cruise industries, showcasing the positive impact on the tourism sector. The issue of youth unemployment is addressed, with a focus on finding innovative solutions to integrate young people into the economy. Overall, this episode provides valuable insights into the challenges and opportunities faced by Cape Town and South Africa, highlighting the importance of collaboration and forward-thinking strategies for sustainable growth. Skip ahead 00:00 Intro 03:05 The impact of removing the licensing cap on independent power producers, such as Pele Energy Group. 05:58 Example of Pele’s impact on rural communities in the Western Cape 07:53 The energy revolution 09:24 The CEO initiative 10:08 How sustainable are the decisions taken by the CEO initiative post-election? 12:04 What is the impact of the Queen Mary 2 and Queen Victoria cruise ships docking in Cape Town's harbour on the city's tourism industry? 14:11 Youth unemployment and how PPPs are finding innovative solutions to integrate young people into the economy. 19:56 Is the private sector assuming responsibilities that should be handled by the state? 23:01 How is Cape Town driving this great growth strategy? 27:11 How do we filter this growth into the rest of the country? Full article · Investec Focus Radio SA
The rand has been a leading beneficiary of a weaker US dollar, as expectations of a rate cut this year grow. In this week's episode, Investec Wealth & Investment Chief Investment Strategist Chris Holdsworth discusses global inflation, mixed data coming out of China and why the rand has been strengthening as much as it has. Investec Focus Radio SA
With over 60 countries going to the polls in 2024, including South Africa, financial markets are keeping a close eye on developments worldwide. What does a historic year of global elections mean to investors? Investec Wealth & Investment Chief Investment Strategist Chris Holdsworth shares his insights on what election outcomes matter most to markets, and how investors should navigate this time of uncertainty. Listen to the latest episode of our No Ordinary Wednesday podcast. Podcast key moments: 00:00 – Introduction 01:24 – What are the key elections investors are watching and why? 02:49 – What strategies can investors employ to hedge against the ambiguity of elections? 03:40 – Are bond markets concerned about the big election year? 05:05 – Are there any opportunities for investors? 06:07 - How will this historic year likely shape investment decisions for the medium and long term? 07:19 - What are some of the common mistakes investors make during a time of election anxiety or a period of uncertainty? 08:40 - What can we expect from the currency markets due to uncertainty and risk associated with elections in major economies? 11:02 - What economic indicators do you think are going to be impacted by the global elections? 12:14 – What is the impact of the US elections? 13:20 - Are there any market or investor concerns as South Africans head to the polls? 14:35 – Post elections, what are some of the economic missteps we should watch out for as a country? 16:05 – Staying the course during election uncertainty 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. Read more on www.investec.com/now Investec Focus Radio SA
In this week’s episode, Chief Investment Strategist Chris Holdsworth discusses latest PMI data and what it means for global growth, the FED decision and a surprising decline in a key leading indicator for the Chinese economy. Investec Focus Radio SA
In this episode we meet the man behind the title, Cumesh Moodliar, the CEO of Investec Bank. We delve into the importance of cultivating a positive mental outlook to effectively navigate the emotional impact of everyday life challenges. We also look at the role that corporates plays in fostering hope during times of uncertainty. Investec Focus Radio SA
Wind and solar are the predominant renewable energy sources being brought online now, but what about other clean energy technologies in the future of SA's energy mix? In episode 6 of the Current, we delve into geothermal, battery advancements, innovations in nuclear, biomass, smart grids and more. If you want a peek into the future of energy, listen to host Iman Rappetti in conversation with Investec's Harold Hutchinson, Campbell Parry and Chanda Nxumalo, MD of Harmattan Renewables as they explore the pros and cons of some of the latest advancements in energy. 00:00: Introduction 01:56: Meet the guests 02:26: Size matters when it comes to wind 03:32: Solar developments in the UK 04:33: Lazard's levelised cost of energy 06:09: Battery technology advancements 08:19: Factoring in long-term weather patterns 09:33: Reimagining nuclear 12:23: Are nuclear safety concerns unfounded? 13:20: Dealing with nuclear waste 13:59: Funding of nuclear 15:30: Hydrogen only viable in long-term 17:39: Hydrogen use in fertilizer and petrochemicals 18:31: Geothermal’s potential as energy source 23:33: Tidal energy pros and cons 24:23: Biomass in the UK 25:26: Hybrid energy solutions are the answer 27:22: Smart grid technology 29:14: Tech that enables efficient use 30:54: Closing comments This episode was brought to you by Investec Wealth & Investment. Learn more about their responsible investment strategy and how you can invest your money so it can do well, and do good. Read more: https://www.investec.com/en_za/investment/responsible-investing.html Responsible investment offering by Investec Wealth · Investec Focus Radio SA
In this week’s episode, Chief Investment Strategist Chris Holdsworth takes a look at SA's state-owned enterprises and in particular at the positive trends in electricity availability, as well as in ports and rail. He also looks at the recent rand strength, US interest rates, US jobs and earnings. Investec Focus Radio SA
South Africa’s ailing healthcare system has significant implications for the population and the economy. What needs to be done to change the course of healthcare in SA? In the latest episode of the No Ordinary Wednesday podcast, Health Activist Dr Aslam Dasoo and Investec Healthcare Equity Analyst Letlotlo Lenake discuss the NHI and the future of healthcare in the country. Podcast key moments: 00:00 – Introduction 02:47 - What are the biggest challenges facing South Africa's healthcare system? 08:39 – The economic impact of a weak healthcare system 10:41 – Opportunities for public private partnership in healthcare 12:30 - What should be the key focus areas to improve healthcare in SA? 17:50 – Can South Africa afford NHI? 20:35 – NHI, is there an alternative? 25:40 – Lessons from other countries 27:13 – How do we fix the healthcare system? 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. Read more on www.investec.com/now Investec Focus Radio SA
This week, Investec Wealth & Investment Chief Investment Strategist Chris Holdsworth discusses the latest US GDP print and core PCE inflation. And in South Africa, the latest on election polls. Investec Focus Radio SA
In episode 5 of The Current, we examine fossil fuels- mankind's centuries-old mixed blessing. We discuss the numerous applications of oil and gas and just how quickly we can phase them out, whilst sticking to a 'just energy transition'. Listen to Iman Rappetti, and Investec's Callum Macpherson, Campbell Parry, Melanie Janse van Vuuren and SAPIA's Executive Director Fani Tshifularo unpack the most fundamental question of the global energy transition: What is the future of fossil fuels? 00:00 Introduction 02:22 Meet the guests 02:42 What was agreed at COP28 on fossil fuels 04:50 Fossil fuels account for 75% of global GHG emissions 06:38 Our everyday dependence on fossil fuel products: from clothes to fertilizer 08:34 Electric vehicle adoption in SA versus the rest of the world 09:56 When will the demand for oil fall? 11:06 Road transport drives 50% of oil demand 13:02 What is a transition fuel and why are they important? 15:16 Opportunities for SA off demand for gas 17:58 When will we see a peak in global oil demand? 19:14 Geopolitics and fluctuating prices of fossil fuels 20:56 What is SA govt and industry doing to move away from fossil fuels? 22:17 How to make a dirty industry more efficient 24:21 How to bring oil-rich countries onto the transition journey 25:43 Investec approach to oil and gas: commitments and targets 27:21 A pragmatic approach to transitioning away from oil and gas This episode was brought to you by Investec Wealth & Investment. Learn more about their responsible investment strategy and how you can invest your money so it can do well, and do good. Read more: https://www.investec.com/en_za/investment/responsible-investing.html Responsible investment offering by Investec Wealth · Investec Focus Radio SA