In this Business Talk with Michael Avery interview, Malcolm Charles, a Portfolio Manager at Ninety One, discusses South Africa\u2019s market rebound and the outlook for rate cuts.<\/p>\n\n\n\n
Ninety One is a leading asset management company, and Charles currently works on its South African Rates team.<\/p>\n\n\n\n
He joined the asset management company in 2001 and is responsible for a range of fixed-income portfolios.<\/p>\n\n\n\n
These include the Flexible Bond, Dynamic Bond, and Diversified Income strategies, as well as the Fixed Income hedge fund.<\/p>\n\n\n\n
Prior to joining Ninety One, Charles worked at other prominent companies, including African Harvest Fund Managers and Old Mutual Asset Managers.<\/p>\n\n\n\n
Charles holds a Bachelor of Commerce degree in Accounting, Business Administration and Commercial Law from Rhodes University.<\/p>\n\n\n\n
In this Business Talk interview, Charles explains how much South Africa\u2019s market has changed since early 2024, and unpacks what is driving the strengthening of the Rand.<\/p>\n\n\n\n
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\u2019s National Budget.<\/p>\n\n\n\n
Charles then reveals why he describes the current global backdrop as \u2018Goldilocks\u2019 and what this means for investors.<\/p>\n\n\n\n
He concludes the interview by sharing his advice for South African investors and why he punts a \u201cstay calm and carry on yielding\u201d strategy in the current environment.<\/p>\n\n\n\n
Watch the interview with Malcolm Charles below.<\/p>\n\n\n\n