DiscoverThe Investment Perspective, with Ninety One#45 The ‘safe’ portfolio just got risky
#45 The ‘safe’ portfolio just got risky

#45 The ‘safe’ portfolio just got risky

Update: 2025-09-05
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South Africa’s high real yields have allowed conservative investors to lean heavily on income strategies for returns. However, that tailwind is fading. As inflation expectations settle and the SARB prepares to cut rates further, the return gap between bonds and equities may widen. Sumesh Chetty believes it's time to rethink what ‘cautious’ really means.

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#45 The ‘safe’ portfolio just got risky

#45 The ‘safe’ portfolio just got risky