Morningstar has announced updates to its Medalist Rating methodology, launching globally in April 2026, to simplify structure, improve transparency, enhance rating stability, and help investors more easily identify funds with potential to outperform peers.

Amid continued macroeconomic and geopolitical volatility, private markets benefit from both cyclical and structural tailwinds that allow them to play a key role in diversified, resilient portfolios.

Momentum Investments’ 2026 Economic Outlook highlights how a year of political tension, shifting trade alliances and surprise economic twists has set the stage for an unpredictable year ahead

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.