NOW Ep 111: In tech we trust?

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In this episode of No Ordinary Wednesday, Jeremy Maggs speaks with Zane Bezuidenhout and David Smith, Global Equity Research Analysts at Investec Investment Management in the UK. Fresh from the Deutsche Bank Tech Conference in California, they examine what’s substance and what’s speculation in the current tech cycle – and why artificial intelligence, still in its very early innings, could redefine how we think about growth and value.

Podcast key highlights 

00:00 - Tech’s global dominance and its impact on markets 
01:51 - Why technology remains too important for investors to ignore 
02:47 - What makes tech companies fundamentally different from others 
03:38 - The rise and power of hyper-scalers in the global economy 
05:08 - The AI revolution and how it’s reshaping computing 
07:34 - Tariffs, export controls, and geopolitical pressures on tech 
08:44 - Robotics as a long-term investment theme 
09:46 - Investec’s Promaths initiative and its national impact 
11:44 - Semiconductor supply recovery after global disruptions 
13:05 - Building an effective tech investment strategy 
14:19 - Areas of the tech market showing signs of overheating 
15:16 - Key tech stocks and companies to watch 
16:58 - Global opportunities across Asia, Europe, and the US 
18:24 - Common misconceptions about the tech sector 
19:32 - Closing remarks and where to watch or listen further 

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
  • 01:51 Why technology remains too important for investors to ignore 
  • 02:47 What makes tech companies fundamentally different from others 
  • 03:38 The rise and power of hyper-scalers in the global economy 
  • 05:08 The AI revolution and how it’s reshaping computing 
  • 07:34 Tariffs, export controls, and geopolitical pressures on tech 
  • 08:44 Robotics as a long-term investment theme 
  • 09:46 Investec’s Promath's initiative and its national impact 
  • 11:44 Semiconductor supply recovery after global disruptions 
  • 13:05 Building an effective tech investment strategy 
  • 14:19 Areas of the tech market showing signs of overheating 
  • 15:16 Key tech stocks and companies to watch 
  • 16:58 Global opportunities across Asia, Europe, and the US 
  • 18:24 Common misconceptions about the tech sector 
  • 19:32 Closing remarks and where to watch or listen further 
14 Oct 2025 English South Africa Business · Investing

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