The six resources stocks among South Africa’s “Magnificent 10” are shining on the back of gold and platinum strength, but can the rally withstand US inflation, China’s demand shifts and local logistics woes? Host Jeremy Maggs asks Osa Mazwai, investment strategist at Investec Wealth & Investment International and Campbell Parry, commodities and natural resources analyst at Investec Investment Management.

Podcast key moments

 

00:00 - Introduction

02:03 - South Africa’s fiscal position & Transnet challenges

04:16 - Performance of South African resource stocks

06:38 - US inflation & global spillovers

08:40 - Metals outlook: gold, copper & thermal coal

10:14 - Rate cuts & ripple effects on metals

11:31 - South Africa’s “magnificent 10”

13:18 - Treasury breathing space from precious metals

15:22 - Global investor perceptions of South Africa

16:48 - Global demand dynamics & tariff pressures

19:05 - Building fiscal resilience beyond commodities

20:46 - Commodities investment outlook

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. Investec Focus Radio SA