Investec Investec Focus Radio SA

NOW Ep 127: The Everything Shock

Loading player...
What began as a geopolitical conflict is rapidly becoming something much larger. Oil is only one part of the story.

Natural gas, fertilisers, chemicals, shipping routes, aluminium, aviation fuel and global supply chains are all now being affected by the fallout from the Iran war.

In the latest episode of No Ordinary Wednesday, Jeremy Maggs speaks to Investec’s Osa Mazwai and Campbell Parry about why this is increasingly being described as an “everything shock.”
Could this crisis ultimately accelerate the global shift toward electrification, renewables and new energy systems? 
Listen to the full conversation to find out more.

Read more on www.investec.com/now

Chapters:
00:00 - Introduction
01:38 - What makes this crisis different from previous oil shocks?
03:38 - What are markets beginning to price in?
06:00 - Why the Strait of Hormuz matters to global supply chains
08:50 - Will this delay global interest rate cuts?
10:47 - Are geopolitical risk premiums returning to markets?
13:12 - How exposed is South Africa to rising oil prices?
15:38 - Are South Africa’s structural reforms providing a cushion?
17:18 - Where could South Africa and Africa benefit from the crisis?
20:19 - Why energy and infrastructure opportunities matter now
20:30 - How important is logistics reform for South Africa?
22:04 - Rethinking South Africa’s long-term energy mix
23:29 - What might markets still be underestimating?
25:25 - Five years from now: what lasting impact will matter most?
26:21 - Closing remarks
Chapters
  • 00:00 Introduction
  • 01:38 What makes this crisis different from previous oil shocks?
  • 03:38 What are markets beginning to price in?
  • 06:00 Why the Strait of Hormuz matters to global supply chains
  • 08:50 Will this delay global interest rate cuts?
  • 10:47 Are geopolitical risk premiums returning to markets?
  • 13:12 How exposed is South Africa to rising oil prices?
  • 15:38 Are South Africa’s structural reforms providing a cushion?
  • 17:18 Where could South Africa and Africa benefit from the crisis?
  • 20:19 Why energy and infrastructure opportunities matter now
  • 20:30 How important is logistics reform for South Africa?
  • 22:04 Rethinking South Africa’s long-term energy mix
  • 23:29 What might markets still be underestimating?
  • 25:26 Five years from now: what lasting impact will matter most?
  • 26:21 Closing remarks
20 May English South Africa Business · Investing

Other recent episodes

Macro Monday Ep134: Fixed income investors are having a tough time

There’s been an almost universal rise in bond yields around the world over the past few months. According to Global Chief Investment Officer Chris Holdsworth, developed markets have seen the biggest rises, with France one of the hardest hit, as it grapples with a worsening fiscal situation.
5 Oct 9 min

Macro Monday ep 133 | US growth is running hot

The US economy is running hot, with the latest indicators pointing to 5% GDP growth, ahead of market forecasts for third-quarter growth of 2.8%. This comes despite high oil prices and rising inflation and has implications for the US dollar and the prospects of the US being able to grow…
28 Sep 8 min

No Ordinary Wednesday | South Africa’s race to get connected

South Africa’s digital infrastructure is expanding rapidly, from data centres and fibre networks to satellites. But can the country provide the power, capital and regulatory certainty needed to turn digital investment into lasting growth? On No Ordinary Wednesday, Jeremy Maggs speaks to Investec CIB’s Louise Pillay, a telecoms and media…
23 Sep 19 min

Investec Minds Ep 4: Chris Griffith on leading mining through crisis

In conversation with Head of Investec Equity Research Nkateko Mathonsi, former Gold Fields CEO Chris Griffith reflects on the high-stakes decisions that shaped his mining career, from investing through downturns to balancing business survival with its human cost. In this episode: 00:00: Introduction 01:08: A $1bn ambition for Africa 02:28:…
21 Sep 32 min

Macro Monday ep 132: Central banks on a hiking path

The Fed hiked rates last week amid resilient economic growth and higher inflation, much of it due to higher fuel prices at the pump, while the Bank of Japan also increased borrowing costs, with more likely to come. South Africa’s Reserve Bank is likely to follow suit this week, as…
21 Sep 6 min
All episodes