Investec Investec Focus Radio SA

NOW Ep124: A crude awakening for inflation?

Loading player...
Interest rate cuts were meant to define 2026. Now, markets are bracing for hikes. In this episode of No Ordinary Wednesday, Investec’s Chief Economists Annabel Bishop and Phil Shaw examine how the energy shock is forcing central banks to reconsider their path. From London to Pretoria, policymakers face a familiar dilemma: tighten into slowing growth, or risk letting inflation take hold. Guest host Neo Ralefeta explores the implications for global growth and what it means for South Africa, from currency volatility to fuel supply risks and consumer costs.

Read more on www.investec.com/now
Chapters
  • 00:00 Introduction
  • 01:42 How has the Middle East conflict changed the global macroeconomic landscape?
  • 03:28 What’s the difference between the 2022 oil price shock and now?
  • 04:36 Other commodities that should concern the global economy?
  • 05:27 What is the immediate impact of the Middle East conflict on SA’s economy?
  • 07:21 What happens if the war ends today?
  • 09:51 What if the war doesn’t last a few weeks?
  • 11:19 How do central bankers respond to stagflation environment?
  • 12:36 Could there be divergent responses from central banks?
  • 15:24 SA focus on consumers, business and government
  • 20:25 What is the single biggest risk to the global economic outlook?
  • 21:10 What can consumers and businesses look forward to in the future?
31 Mar English South Africa Business · Investing

Other recent episodes

Everything Counts | Episode 53: Tips for tax filing season in South Africa

In this episode of Everything Counts, we unpack one of the most overlooked opportunities to improve your financial position: your tax return. Many people treat tax filing season as a simple compliance exercise and move on. But as our experts explain, your SARS tax return is actually a powerful financial…
11 Aug 28 min

Macro Monday Ep126: Slowing momentum in global equities

While global equities are up strongly over the last year, there’s been a clear slowing in momentum in the last six months. According to Chris Holdsworth, Global Chief Investment Officer, Investec Investment Management, this implies that much of the strong US earnings performance has been priced into the market.
3 Aug 9 min

No Ordinary Wednesday Ep 132: Investing in AI's next chapter

Artificial intelligence is moving faster than almost anyone expected. After attending two of the world's biggest technology conferences in Boston and San Francisco, Investec global equity analysts David Smith and Zane Bezuidenhout unpack what they learned from the executives shaping AI's future. From surging demand and infrastructure bottlenecks to agentic…
28 Jul 16 min

Everything Counts | Episode 52: Has saving lost its meaning?

We've all heard the advice. Save more. Spend less. Start earlier. In this episode of Everything Counts, Motheo Khoaripe is joined by Investec's Nirvashni Rajkumar (KZN team leader for the Investec financial planning team) and Dorothy Asomaning (Investec Wealth & Investment Wealth Manager) to explore why saving is about much…
28 Jul 27 min

Macro Monday Ep125: Excellent earnings season so far

Although US earnings for the second quarter have mostly beaten expectations, markets appear to have wanted more. Chris Holdsworth, Global Chief Investment Officer, Investec Investment Management, says even companies such as Alphabet that have beaten forecasts have seen declines in their prices after results.
27 Jul 7 min
All episodes