Business Talk – Ninety One Portfolio Manager Malcolm Charles discusses inflation and the South African National Budget
In this Business Talk with Michael Avery interview, Malcolm Charles, a Portfolio Manager at Ninety One, discusses South Africa’s market rebound and the outlook for rate cuts.
Ninety One is a leading asset management company, and Charles currently works on its South African Rates team.
He joined the asset management company in 2001 and is responsible for a range of fixed-income portfolios.
These include the Flexible Bond, Dynamic Bond, and Diversified Income strategies, as well as the Fixed Income hedge fund.
Prior to joining Ninety One, Charles worked at other prominent companies, including African Harvest Fund Managers and Old Mutual Asset Managers.
Charles holds a Bachelor of Commerce degree in Accounting, Business Administration and Commercial Law from Rhodes University.
The interview
In this Business Talk interview, Charles explains how much South Africa’s market has changed since early 2024, and unpacks what is driving the strengthening of the Rand.
He notes what South Africans can expect from the Reserve Bank over the next 12 to 18 months, as well as highlighting potential positive surprises in South Africa’s National Budget.
Charles then reveals why he describes the current global backdrop as ‘Goldilocks’ and what this means for investors.
He concludes the interview by sharing his advice for South African investors and why he punts a “stay calm and carry on yielding” strategy in the current environment.
Watch the interview with Malcolm Charles below.
Loading ...