What’s driving South Africa’s renewed investor confidence?
What’s driving South Africa’s renewed investor confidence?
What’s driving South Africa’s renewed investor confidence?
Gary Oberholzer
What’s driving South Africa’s renewed investor confidence?
South Africa may be heading into one of its most promising economic phases in years — and that was the central theme when Citadel CIO George Herman joined Jeremy Maggs on HOT Business with Standard Bank. Despite the volatility that defined 2025, Herman notes that investors experienced strong returns across equities, bonds, commodities and even the rand.
Now, as 2026 unfolds, he suggests the country might be entering a rare stretch of synchronised economic tailwinds — both global and local — that place South Africa in a more advantageous position than it has seen in decades.
“This is one of the most positive environments for South Africa that we’ve seen in several decades.” — George Herman
Listen as George Herman expands on the forces behind South Africa’s shifting investment momentum — and why global conditions may finally be working in our favour:
From here, Herman widens the lens. He explains how easing global inflation, falling interest rates and renewed fiscal stimulus in major economies are bolstering equity markets around the world. Emerging markets, he says, are particularly well-positioned — and South Africa is benefiting from that broader lift.
AI-driven productivity gains are also beginning to show up in softer economic data, with smaller companies likely to see the biggest advantage as they integrate tools that effectively expand capacity without adding staff.
Back home, commodity strength continues to fuel sentiment, especially in platinum and gold. Though the economic impact isn’t as large as it once was, the psychological effect on investors — choosing between emerging markets — is significant. Herman does caution, however, that with resources now representing nearly a third of the JSE, cyclicality remains a real risk.
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