South Africa’s “lost decade” that began with Nenegate is ending as reforms, improved governance, easing loadshedding, fiscal consolidation, and lower risk premiums restore market confidence. Izak Odendaal argues that investment, growth, and asset returns are strengthening, signalling a decisive shift toward recovery.

Foord Asset Management expects 2026 to be shaped by shifting macro forces, stretched US valuations, limits to the big-tech surge, and overlooked value in South African equities. The firm favours inflation-linked bonds, balanced global exposure, and quality local companies trading at compelling discounts.

Andriette Theron, Head of Research at PPS Investments, notes resilient 2025 markets, strong South African equity performance, and opportunities in offshore exposure, hedge funds, and private markets. Portfolios are cautiously constructive, balanced for growth, diversification, and long-term risk management.

Bitcoin’s recent slide highlights its extreme volatility and limited real-world use, while stablecoins show growing promise despite risks. For investors, crypto remains speculative, and Bitcoin’s role in a balanced portfolio is small compared to traditional assets that offer stability, income and clearer utility.

You might have forgotten but global markets fell by almost 20% in April following "Liberation Day" – before rebounding to all-time highs. As we enter a renewed period of jitters, this long-term data provides a broader perspective.

Morningstar’s Global Fund range marks its first anniversary with strong outperformance, driven by disciplined, valuation-led investing and deep global research. Strategic allocations across emerging markets, Japan, UK assets and currencies highlight how a robust, globally integrated process delivers resilient, evidence-based outcomes for South African investors.