NOW Ep98: Tariffs | Pause and effect

Loading player...
Where are investors seeking refuge amid uncertainty? And will the recent rebound in global stocks last? In this episode of No Ordinary Wednesday, Investec Wealth and Investment International's Chief Investment Strategist Chris Holdsworth, and investment strategist Osa Mazwai explore the ongoing impact of US President Donald Trump’s tariff policies.

Podcast key moments:

00:00 – Introduction
01:09 – What’s been the market reaction since Trump’s tariff about turn?
01:46 – Why was there a huge bond sell-off?
03:05 – What does the US bond market turbulence mean for SA?
04:21 – Is the US still a go-to safe haven?
05:26 – What other safe havens are investors looking to?
06:58 – Can China rely on domestic demand to drive growth?
08:39 – How does the tariff pause on SA impact investor sentiment?
10:11 – What are markets watching regarding the GNU?
12:05 – Currency expectations?
13:09 – Recession in the US?
14:37 – How are tariffs disrupting global supply chains?

Read more on www.investec.com/now

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.
Chapters
  • 00:00 Introduction
  • 01:09 What’s been the market reaction since Trump’s tariff about turn?
  • 01:46 Why was there a huge bond sell-off?
  • 03:05 What does the US bond market turbulence mean for SA?
  • 04:21 Is the US still a go to safe haven?
  • 05:26 What other safe havens are investors looking to?
  • 06:58 Can China rely on domestic demand to drive growth?
  • 08:39 How does the tariff pause on SA impact investor sentiment?
  • 10:11 What are markets watching regarding the GNU?
  • 12:05 Currency expectations?
  • 13:09 Recessions in the US?
  • 14:37 How are tariffs disrupting global supply chains?
15 Apr 2025 English South Africa Business · Investing

Other recent episodes

Everything Counts | Episode 39: Young professionals and the debt trap

Drowning in credit offers the moment you land your first paycheck? You’re not imagining it, from store cards to buy-now-pay-later, young professionals are being pulled into debt faster than they can say “credit approved". In this episode of Everything Counts, host Motheo Khoaripe sits down with Investec’s Keshnie July, Lending…
12 Jan 22 min

Macro Monday Ep 100: A year when valuations mattered

In the first episode of Macro Monday for 2026, our Chief Investment Strategist Chris Holdsworth looks at market performance over the last year. While US equities added 18% in 2025, it lagged behind global equities (up 23%) and an array of countries, including South Africa. One of the top-performing currencies…
12 Jan 10 min

Art in Focus Series 2 | Ep 1: The business of art

Listen to Frank Kilbourn of Strauss & Co. and Ashleigh McLean of Whatiftheworld Gallery on how galleries and auction houses navigate market cycles, build sustainable artist careers, and assign value in a constantly shifting art ecosystem. They also share invaluable insider-insights on upcoming artists to watch. Key moments: 00:00 Introduction…
4 Jan 34 min

Everything Counts | Episode 38: Financial Lessons from 2025

As the year wraps up, it's the perfect moment to pause, reflect, and refocus. From building a resilient wealth mindset to navigating digital risks, future-proofing your estate plans, rethinking retirement, and making smarter energy choices — this year’s conversations have reshaped how we think about money, security, and long-term wellbeing…
29 Dec 2025 29 min

What next? | Rewiring finance for a better future

Group Chairman of Standard Chartered, José Viñals, Sarah Kemmitt, former lead of the UN Net Zero Banking Alliance and Dr. Nina Seeger, Director of CISL Centre for Sustainable Finance discuss how finance can accelerate sustainable development more effectively. From addressing the mispricing of climate and nature risk, to correcting market…
18 Dec 2025 48 min