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Will interest rates take a hike?

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With the Fed and ECB continuing to hike interest rates, it is inevitable that South Africa will follow suit at the end of May. In this week’s episode of No Ordinary Wednesday podcast, our Chief Economist Annabel Bishop looks at whether the country is reaching a turning point on interest rates and what variables are at play ahead of this month’s announcement. 

 

 
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.

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Listen to earlier episodes

NOW ep47: Transnet: Runaway train?

In this episode of No Ordinary Wednesday, Henk Langenhoven, Chief Economist of the Minerals Council of South Africa, Tertia Jacobs, Investec Treasury Economist, and Denys Hobson, Head of Logistics at Investec for Business, discuss the extent of the Transnet crisis, its impact on the economy and possible solutions.



NOW ep46: Will humans and AI play nicely?

Rapid advancements in artificial intelligence have many heads spinning. But there’s no denying that whip-smart machines have enabled us to make incredible leaps and bounds in business, even as a treacherous list of ethical conundrums keeps human brains awake at night. Will AI make our lives easier and help us be more productive? How is it shaping and disrupting industry and business models? Investec’s Chief Artificial Intelligence Officer, Lee O’Brien and Michelle Schonken, Data and AI Lead at Investec Bank and Investec Wealth & Investment give in-depth analysis of these burning questions in the latest episode of the No Ordinary Wednesday podcast.


NOW ep45: Load shedding dims SA’s economic hopes

Tough times continue for the South African economy, inflation is not cooling keeping interest rates edging higher, the electricity crisis continues to hinder growth and job creation and business and consumer confidence have declined to all-time lows. What do all these key economic indicators mean for the outlook of the country for the rest of 2023? Find out in the latest episode of No Ordinary Wednesday.


NOW ep45: Load shedding dims SA’s economic hopes

Tough times continue for the South African economy, inflation is not cooling keeping interest rates edging higher, the electricity crisis continues to hinder growth and job creation and business and consumer confidence have declined to all-time lows. What do all these key economic indicators mean for the outlook of the country for the rest of 2023? Find out in the latest episode of No Ordinary Wednesday.

NOW ep44: Offshore Investing: Positioning for volatile times

How is the current global economic climate shaping investment trends? And what is the outlook for the rest of the year? Our award-winning Investec World Axis fund managers, Ryan Friedman and Riaan Wagner, share their insights.


NOW ep43: Greylisting: What does it mean for SA?

South Africa has been greylisted by global financial crime watchdog the Financial Action Task Force (FATF) for not fully complying with international standards around the prevention of money laundering, terrorist financing and proliferation financing. What will this mean for South African businesses and consumers? We unpack the latest developments with David Lewis, managing director and global head of AML Advisory in the Forensic Investigations and Intelligence practice at Kroll and a former executive secretary of the Financial Action Task Force, Investec Bank Limited CEO Richard Wainwright and Investec Group Head of Compliance at Investec Thulani Kunene.

Read more here


NOW ep42: Minerals of the future: an untapped goldmine for SA?

The 2023 Investing in Africa Mining Indaba left pundits optimistic about the opportunity the energy transition offers Africa mining in general, especially if the region can get mineral beneficiation right.

Read more here


NOW ep41: Emigration and your clients’ assets – what IFAs need to know

As a financial adviser, there are many pitfalls in handling your clients’ assets once they have emigrated. We look at what you need to know about tax residency and South African exchange control law.

Read more here


NOW ep40: Eskom: can the SA economy avoid a meltdown?

Henk Langenhoven, Chief Economist of the Minerals Council of South Africa joins Investec's Treasury Economist and Power & Infrastructure team to discuss the impact of loadshedding on the mining sector and the wider economy.

Read more here


NOW ep39: 2023: Some relief on the cards but risks abound

Interest rates and inflation are expected to ease in 2023 but risks remain for growth. In this year-end episode of Investec’s No Ordinary Wednesday podcast, Chief Economist Annabel Bishop looks at the year ahead following a shaky 2022.

Read more here


NOW ep38: COP27: What it means for SA

A landmark deal, some reaffirmations and a failed agreement. In this episode of No Ordinary Wednesday, Jeremy Maggs in conversation with Investec Global Head of Sustainability Tanya Dos Santos-Ford and Melanie Jansen van Vuuren, Investec Group Sustainability Lead, take an in-depth look at the highs and lows of COP27 and how that affects South Africa.

Read more here


NOW ep37: SA economic forecast: grey clouds with patches of sun

In a wide-ranging conversation, Investec Bank Limited CEO Richard Wainwright shares his insights on the recent IMF meetings in Washington, the impact of the pending FATF grey listing, the outlook for inflation and interest rates, and how the private sector is the best hope for solving SA’s infrastructure woes.

Read more here


NOW ep36: Can Sunak soothe the markets?

Stabilise inflation, avert recession, resolve the energy crisis and bring down the cost of living. It’s a daunting to-do list that Rishi Sunak has inherited, but what does the new British PM need to focus on to regain the trust of the markets? Investec UK Chief Economist Phil Shaw and UK Head of Investment Strategy John Wyn Evans weigh in.


NOW ep35: Mid-term budget: A balancing act of competing priorities

Finance Minister Enoch Godongwana is in the eye of the storm as he tables the medium-term budget. Investec Chief Economist Annabel Bishop explains his predicament.

Read more here


NOW ep34: Dark days for SA business

SA businesses struggle to stay afloat as loadshedding intensifies. Business Unity SA CEO Cas Coovadia and Investec Treasury Economist Tertia Jacobs count the costs of loadshedding.

Read more here


NOW ep33: Are central bank fears more inflated than prices?

There are signs that global inflation is peaking, but central banks continue to raise rates. Experts ask why in the latest episode of No Ordinary Wednesday, and look at what to expect from the South African Reserve Bank (SARB).


NOW ep32: A global energy crisis, tripping from bad to worse

There’s no denying the global energy crisis is resulting in a severe cost-of-living crisis in Europe and beyond. Investec UK Chief Economist Phil Shaw and Annabel Bishop, Chief Economist for Investec South Africa,  look at Europe’s devastating energy crisis and the consequences for South Africa.

Read more here.


NOW ep30: Ramaphosa’s power plan: will it work?

President Cyril Ramaphosa has announced the most comprehensive package of energy reforms in two decades. But we’ve seen plenty plans in the past that have amounted to no more than words. Will this one be different? In this episode, Investec experts unpack the president’s plan.

Read more here.


NOW ep29: Riding the inflation wave

Instead of hiking interest rates so aggressively, central banks should ride out the inflation storm that is forecast to subside by next year, say experts on the latest episode of No Ordinary Wednesday.

Read more here.


NOW ep28: Stage 6 leaves the SA economy powerless

Eskom spokesperson Sikonathi Mantshantsha in conversation with Investec's Tertia Jacobs and Bernard Geldenhuys about the power crisis and its impact on the economy; and whether renewables can plug the gap.


NOW ep27: Solving SA’s tech talent crisis

With only 121,000 software developers in South Africa and almost 40% of them working for international companies, there's a critical shortage of tech talent in the country. How did we get here? And what are we doing to address the crisis?

Read more here.

Get expert financial and economic insights on the go

Hosting a number of South Africa’s top financial and economic experts and thought leaders, award-winning media personality Jeremy Maggs takes listeners on a hard-hitting yet entertaining journey into our unfolding economic and business landscape, helping to make sense of what it all means for you.

No Ordinary Wednesday tackles the key topics that matter to South African professionals, business owners, entrepreneurs and leaders. From the latest business news and analysis to the macroeconomic trends and political developments that shape our times, join Jeremy Maggs every second Wednesday to stay ahead of the stories that matter. Available wherever you get your podcasts. 

 

Meet our host

Jeremy Maggs - No Ordinary Wednesday host
Jeremy Maggs

Jeremy Maggs is a media specialist with close on 40 years’ experience in television, radio, and print. Until recently, he hosted television news channel eNCA’s weekday lunchtime news programme. He also is the founder of maggsonmedia, a media and advertising show.

Maggs is the author of a bestselling book Win! Compelling Conversations with 20 Successful South Africans which is also a powerful corporate presentation. He has just completed his second book, My Final Answer. Published by Pan McMillan, it is a memoir of his life and experience in the media.

Read the full bio.

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