Navigating 2024: Insights from Reza Hendrickse on Investment Surprises

Join us for a compelling interview with Reza Hendrickse, Portfolio Manager at PPS Investments, as he reflects on the transformative year of 2023 and anticipates the investment landscape of 2024.

Hendrickse reveals the unexpected resilience in both local and global economies, fueled by positive economic surprises, tech-driven equities, and the forefront role of artificial intelligence.

He offers valuable perspectives on the significant influence of interest rates and the crucial macro-driven environment and provides cautious optimism about South Africa's economic growth amid challenges and political uncertainties.

This interview offers a comprehensive overview of the key factors shaping investment decisions in the year ahead.

Highlights:

• Global Resilience: There is surprise resilience in both local and global economies, particularly in the US, showcasing unexpected positive economic growth.
• Tech Dominance: The pivotal role of technology is emphasised, specifically artificial intelligence, in driving global equities and shaping market dynamics.

• South Africa's Economic Outlook: Insights are given into the South African economic landscape, acknowledging challenges such as load shedding and interest rate hikes while expressing cautious optimism for accelerated growth in the upcoming election year.
• Political Uncertainties: The impact of political noise and uncertainties on markets is highlights, with a focus on the election year in South Africa and the potential changes in the political landscape.
• Global Geopolitical Concerns: The geopolitical volatility and uncertainties, including the situations in the Middle East, Ukraine, and Russia, emphasizes the need for vigilance and potential impacts on investment strategies.
• Central Bank Policies: Explore the significance of central bank policies, considering the tightening of monetary policy and the market's anticipation of rate cuts, with a keen eye on how central banks respond to inflation trends.
• PPS Investment Approach: PPS Investments' cautious approach for 2024, highlighs their moderate underweighting of risky assets, neutrality on South African equities, and the reliance on longer-term views and manager selection for portfolio positioning.

Listen to the discussion below:

<iframe title="Navigating 2024: Insights from Reza Hendrickse on Investment Surprises" allowtransparency="true" height="150" width="100%" style="border: none; min-width: min(100%, 430px);height:150px;" scrolling="no" data-name="pb-iframe-player" src="https://www.podbean.com/player-v2/?from=embed&i=9tkth-1573316-pb&share=1&download=1&fonts=Arial&skin=1&font-color=&rtl=0&logo_link=&btn-skin=c73a3a&size=150" loading="lazy"></iframe>

‍