STANLIB is a specialist investment manager, administering over R600 billion in assets under management.
Whether you need to preserve your capital or create wealth in the long term, our teams of investment specialists can help you achieve your goals. We offer a depth of expertise across investment disciplines – from absolute return and fixed income to listed property, balanced, equity and alternatives; spanning active and passive management, single and multi-manager offerings.
Through this wide range of investment capabilities we offer our clients both pooled and segregated investment solutions across a broad choice of traditional and alternative asset classes.
With our clients at the centre, our investment teams are developed to deliver outstanding outcomes through the skill, passion and dedication of each team member. Their unique blend of skills, areas of specialisation and perspectives enables us to make better-informed decisions so we can help our clients, both individuals and institutions, achieve their financial goals.
Combined with our teams’ range of specialist skills, their focus on in-depth research and risk mitigation strategies, examining markets from diverse perspectives culminates in consistent long-term investment performance.
We are proud of our South African heritage and the legacies of our founders. The size of our organisation allows for the acquisition of advanced systems, databases and research facilities and provides unique investment opportunities while our specialist team structure enables distinct focus on their areas of expertise.
STANLIB Asset Management is an authorised financial services provider.
All content for STANLIB Podcasts is the property of STANLIB and is served directly from their servers
with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
STANLIB is a specialist investment manager, administering over R600 billion in assets under management.
Whether you need to preserve your capital or create wealth in the long term, our teams of investment specialists can help you achieve your goals. We offer a depth of expertise across investment disciplines – from absolute return and fixed income to listed property, balanced, equity and alternatives; spanning active and passive management, single and multi-manager offerings.
Through this wide range of investment capabilities we offer our clients both pooled and segregated investment solutions across a broad choice of traditional and alternative asset classes.
With our clients at the centre, our investment teams are developed to deliver outstanding outcomes through the skill, passion and dedication of each team member. Their unique blend of skills, areas of specialisation and perspectives enables us to make better-informed decisions so we can help our clients, both individuals and institutions, achieve their financial goals.
Combined with our teams’ range of specialist skills, their focus on in-depth research and risk mitigation strategies, examining markets from diverse perspectives culminates in consistent long-term investment performance.
We are proud of our South African heritage and the legacies of our founders. The size of our organisation allows for the acquisition of advanced systems, databases and research facilities and provides unique investment opportunities while our specialist team structure enables distinct focus on their areas of expertise.
STANLIB Asset Management is an authorised financial services provider.
Marius Oberholzer, Head of STANLIB Multi-Asset, says chaotic announcements on US tariffs caused wild swings in markets at the start of Q2, but by July asset prices were heading for new highs. The Multi-Asset team has become more cautious in its equity exposure since December, given policy uncertainty, and its bottom-up strategy in this environment. He also discusses the continued attractiveness of the US market and the potential in other regions. Click here to listen to the podcast.
STANLIB is an authorised Financial Services Provider in terms of the FAIS Act and a registered Manager in terms of CISCA. Please refer to MDD/Factsheet available on www.stanlib.com for additional information about the Fund. This should not be construed as advice.
In this podcast, Rademeyer Vermaak, Head of STANLIB Systematic Solutions, analyses the short-term underperformance of the STANLIB Enhanced Multi-Style Equity Fund in Q2 2025, when the MSCI SA Index gained 14% in dollars and 9.6% in rands. The SA equity market was largely driven by an irrational surge in positive sentiment towards gold and platinum group metals stocks, which was not justified by company fundamentals. Those fundamentals include investing at the intersection of quality, value and growth. Rademeyer says the team remains confident of its process and believes that either sentiment will switch, or fundamentals will catch up in the next quarter. Click here to listen.
STANLIB is an authorized Financial Services Provider in terms of the FAIS Act and a registered Manager in terms of CISCA. Please refer to MDD/Factsheet available on www.stanlib.com for additional information about the Fund. This should not be construed as advice.
In this podcast, Sylvester Kobo, Deputy Head of STANLIB Fixed Income, describes how the team’s views evolved through Q2 2025. After the US Liberation Day announcements, duration in the STANLIB Flexible Income Fund was reduced from three to about 1.5 years. With continuing uncertainty over tariffs, the fund maintains a defensive position, but its allocation to cash and inflation-linked bonds helped it to outperform its benchmark in the quarter. Sylvester also touches on offshore investor flows into and out of SA bonds and the SARB’s new, lower inflation target. You can access the podcast here.
STANLIB is an authorised Financial Services Provider in terms of the FAIS Act and a registered Manager in terms of CISCA. Please refer to MDD/Factsheet available on www.stanlib.com for additional information about the Fund. This should not be construed as advice.
With SA’s inflation rate lifting to 3% in June, STANLIB’s Chief Economist Kevin Lings looks at the main categories driving inflation upwards and the likelihood of the economy achieving the Reserve Bank’s 3% target. He also examines some of the recent tariff agreements announced between the US and various trading partners and what this means for US inflation, economic growth and future global trading patterns, as well as for SA.
Click here to listen to the podcast.
STANLIB Asset Management (Pty) Ltd is an authorised Financial Services Provider in terms of the FAIS Act. This should not be construed as advice.
In this podcast, STANLIB’s Chief Economist, Kevin Lings, touches on China’s sustained economic growth, largely on the back of strong exports as it is selling to other markets and using them as a conduit to the US. He also discusses the 2.7% y/y inflation rate in the US in June, which is likely to escalate above 3% as import tariffs bite. As a result of continuing uncertainty, the US Federal Reserve remains in “wait and see” mode on interest rate cuts.
Click here to listen to the podcast.
STANLIB Asset Management (Pty) Ltd is an authorised Financial Services Provider in terms of the FAIS Act. This should not be construed as advice.
In this podcast, STANLIB’s Chief Economist, Kevin Lings, discusses President Trump’s extension of the deadline to 1 August to 20 countries to negotiate trade deals with the US or face tariffs of 30-40%. The threat raises various uncertainties: around the limited time to negotiate, what the final tariffs will be, implications of the tariff on copper, and contradictions in the threats he has made to various trading partners. Kevin analyses the muted market reaction and likely effect on US interest rates.
Click here to listen to the podcast.
STANLIB Asset Management (Pty) Ltd is an authorized Financial Services Provider in terms of the FAIS Act. This should not be construed as advice.
In this podcast, STANLIB’s Chief Economist, Kevin Lings, analyses latest US jobs data, which showed 147 000 jobs were created in May, above market expectations, while the unemployment rate fell to 4.1%. However, the private sector contributed about half the normal number of jobs and other surveys showed a similar softening trend in job creation. Kevin explores some of the factors behind this trend and what could happen in the longer term.
Click here to listen to the podcast.
STANLIB Asset Management (Pty) Ltd is an authorized Financial Services Provider in terms of the FAIS Act. This should not be construed as advice.
In this podcast, STANLIB’s Chief Economist, Kevin Lings, examines various indicators of a slowdown in the US economy, whether it is experiencing inflationary pressures and the possibility of the US Federal Reserve cutting rates. He also analyses positive and negative data releases in SA last week, including a fall in the Producer Price Index (PPI) but an increase in unemployment.
Click here to listen to the podcast.
STANLIB Asset Management (Pty) Ltd is an authorized Financial Services Provider in terms of the FAIS Act. This should not be construed as advice.
In this podcast, STANLIB’s Chief Economist, Kevin Lings, points out that SA’s May CPI rate, at 2.8%, shows inflation remains well under control, although there is likely to be pressure in coming months from higher food and oil prices. He discusses what this means for the SARB’s plans to launch a new inflation target of 3% later this year.
The US Federal Reserve’s latest decision to keep interest rates unchanged was not surprising, Kevin says. More interesting was that the Fed reduced its forecasts for US economic growth and raised its estimate of US inflation for 2025, and what this means for US interest rates.
Click here to listen to the podcast.
STANLIB Asset Management (Pty) Ltd is an authorized Financial Services Provider in terms of the FAIS Act. This should not be construed as advice.
Welcome to the STANLIB Corporate Conversations Podcast Series – our newest resource designed to offer timely, expert insights into the forces shaping financial and fixed income markets. Our first episode focuses on a significant development in South Africa’s financial landscape — the transition from the long-standing Johannesburg Interbank Average Rate (JIBAR) to the South African Rand Overnight Index Average, better known as ZARONIA.
In this short and informative episode, Eulali Gouws, STANLIB Head of Money Market, outlines the key timelines for the transition, which is set to take place in December 2026. She also explores the implications of this shift for money market and fixed income funds.
Any commentary or forecasts indicated in this document are for information purposes only and not guaranteed to occur. Additional information about products/funds is available on the Minimum Disclosure Document/Factsheets which can be obtained from the website (www.stanlib.com).
STANLIB is an authorised Financial Services Provider in terms of FAIS and a registered representative manager in terms of CISCA.
In Q1 2025, the South African economy grew by 0.1% q/q and by 0.8% y/y. Over 10 years, it has grown by 0.7% a year on average while the population is growing at 1.4% a year. STANLIB Chief Economist Kevin Lings discusses sector-specific performances and policies that could stimulate growth, including infrastructure investment and deregulation.
Latest US labour market data shows the economy continues to add jobs faster than the growth in new entrants. In May, the unemployment rate was unchanged at 4.2%. However, there are signs it is getting harder to find new jobs. Kevin suggests that higher trade tariffs are likely to weaken US growth this year, but not cause a recession.
Click here to listen to the podcast.
STANLIB Asset Management (Pty) Ltd is an authorized Financial Services Provider in terms of the FAIS Act. This should not be construed as advice.
The South African Reserve Bank has cut the repo rate by 25 bps to 7.25%, citing slowing economic growth, says STANLIB Chief Economist Kevin Lings. The bank revised down its estimates of growth and inflation for this year and may announce a new lower inflation target of 2-4%, in line with emerging markets, in October. Another 25 bps rate cut could occur later this year, given current trends.
After two US court rulings that some of President Trump’s tariff hikes may be illegal, uncertainty about global trade conditions persists, with a risk of further disruptions.
Click here to listen to the podcast.
SA’s inflation rate for April, at 2.8%, is fairly subdued, partly because prices of goods being imported from China are in deflation. A cut of 25 bps by the SARB later this week would be justified, given both low inflation and low growth forecasts, and would provide welcome stimulus for the economy in the second half.
The US tax bill proposed by President Trump would deliver fiscal stimulus to the economy, but it will also significantly add to government debt. The US bond market has reacted negatively to approval of the bill by the House of Representatives. The stimulus will occur at the same time as tariffs push prices higher, and could result in entrenched higher inflation.
Click here to listen to the podcast.
In this podcast, Sylvester Kobo, STANLIB’s Deputy Head of Fixed Income, discusses the implications of the third iteration of the 2025 Budget on the bond market. He highlights how the Budget could affect fixed income investments, particularly in light of lower GDP growth and inflation forecasts. Discover why the bond market reacted with slight weakness and what it means for future investment strategies.
Budget 3.0 was in line with expectations, although the small increase in the fuel levy was an unwelcome surprise, says STANLIB Chief Economist, Kevin Lings in this podcast. After discussing some of the detail in the numbers, Kevin warns that the South African government’s fiscal position will remain under pressure until the country is able to lift its GDP growth rate above 3%.
Any commentary or forecasts indicated in this document are for information purposes only and not guaranteed to occur.
STANLIB is an authorised Financial Services Provider in terms of FAIS and a registered manager in terms of CISCA.
US inflation and consumer sales data for April showed no signs of tariff pressures. US inflation was 2.3%, just above the 2% target, but over the next 12 months tariff hikes will push it up by 1-1.5%, as well as cause a slowdown in growth and higher unemployment levels. In SA, the Q1 2025 unemployment rate climbed to almost 33%, which was disappointing, although partly seasonal. In Budget 3.0 this week, government is likely to revise down the economic growth rate to 1-1.5% but no significant tax changes are expected.
Click here to listen to the podcast.
The US has agreed to cut US import tariffs on products from the UK from the previously proposed level, with certain exclusions, in a deal that is likely to set the tone for other US negotiations. This will help to ease concerns about US inflation. Meanwhile, in SA, manufacturing data for March was down a disappointing 0.8% year on year, despite more stable electricity supply. Weakness in the manufacturing sector is likely to drag down GDP growth for the year.
In this podcast, Wehmeyer Ferreira, COO of STANLIB’s Outcomes Franchises, chats to Amit Parmar, investment specialist in J.P. Morgan Asset Management’s International Equity Group, about how the Global Select Fund has adjusted its positioning. They also discuss some of the opportunities the teams have identified amid the upheavals.
Any commentary or forecasts indicated in this document are for information purposes only and not guaranteed to occur. Additional information about products/funds is available on the Minimum Disclosure Document/Factsheets which can be obtained from the website (www.stanlib.com).
STANLIB is an authorised Financial Services Provider in terms of FAIS and a registered representative manager in terms of CISCA.
STANLIB Asset Management (Pty) Ltd is an authorised financial services provider and J.P. Morgan Asset Management (UK) Limited is an offshore strategic partner to STANLIB Asset Management (Pty) Ltd and is authorised and regulated by the UK’s Financial Conduct Authority.
US GDP dropped by -0.3% q/q in the first quarter of 2025, raising fears the economy is heading for a recession. The main reason was a 50% q/q increase in US imports in anticipation of tariff increases. However, it will take a couple of months before the impact of tariffs and consumers’ reaction to them will become fully evident. Latest US employment data, a critical gauge of the performance of the economy, shows 177 000 jobs were added in April, well above expectations, and the jobless rate was unchanged at 4.2%.
Click here to listen to the podcast.
STANLIB’s Head of Systematic Solutions Rademeyer Vermaak describes Q1 as “wild”. It showed the impossibility of predicting what politicians will do – in both the US and SA. He explains what drove SA equity prices and how the managers of STANLIB Enhanced Multi Style Fund, which is a long-term fund, respond to short-term upheavals and neutralise risk. Rademeyer also spells out why the fund has taken overweight positions in Harmony Gold, Clicks and Capitec.
Any commentary or forecasts indicated in this document are for information purposes only and not guaranteed to occur. Additional information about products/funds is available on the Minimum Disclosure Document/Factsheets which can be obtained from the website (www.stanlib.com).
STANLIB is a specialist investment manager, administering over R600 billion in assets under management.
Whether you need to preserve your capital or create wealth in the long term, our teams of investment specialists can help you achieve your goals. We offer a depth of expertise across investment disciplines – from absolute return and fixed income to listed property, balanced, equity and alternatives; spanning active and passive management, single and multi-manager offerings.
Through this wide range of investment capabilities we offer our clients both pooled and segregated investment solutions across a broad choice of traditional and alternative asset classes.
With our clients at the centre, our investment teams are developed to deliver outstanding outcomes through the skill, passion and dedication of each team member. Their unique blend of skills, areas of specialisation and perspectives enables us to make better-informed decisions so we can help our clients, both individuals and institutions, achieve their financial goals.
Combined with our teams’ range of specialist skills, their focus on in-depth research and risk mitigation strategies, examining markets from diverse perspectives culminates in consistent long-term investment performance.
We are proud of our South African heritage and the legacies of our founders. The size of our organisation allows for the acquisition of advanced systems, databases and research facilities and provides unique investment opportunities while our specialist team structure enables distinct focus on their areas of expertise.
STANLIB Asset Management is an authorised financial services provider.
