Taahir Ramchandra

In 2026, the world continues in a phase of economic uncertainty. The lack of clarity around US trade policy is amplifying global uncertainty, with knock-on effects for investment confidence and cross-border growth. While growth remains positive, it is increasingly uneven, supported by pockets of innovation and productivity gains rather than broad-based expansion. 

In this environment, volatility is likely to remain a defining feature as investors reassess earnings durability, policy credibility and currency risks. Portfolio construction, therefore, needs to emphasise balance and resilience. Regional and asset class diversification remain central to navigating uncertainty. For South Africa, economic reform momentum and energy stability are supportive, but exposure to global shocks and fiscal constraints means flexibility and disciplined risk management remain essential.

‍

‍