Editor's Thoughts.

South African households are once again feeling the squeeze: higher transport costs, costly essentials and a fresh CPI shock have made budgeting feel tighter just when people hoped for relief (DebtBusters Money Stress Tracker 2026).

Yesterday’s inflation print showed annual CPI at 5% in June, up from 4.5% in May and the highest level in two years (Momentum Investments). That has sharpened expectations that the Reserve Bank could lift rates again at today’s MPC meeting, with many economists (and this Ed) leaning toward a 0.25% hike.

In this environment, infrastructure investing looks compelling rather than defensive. Over the past 30 years Futuregrowth has been learning by experience and honing their craft. Projects in roads, energy, water and logistics can support growth, create jobs and ease the very bottlenecks that keep costs high. For investors, the attraction is that infrastructure can offer long-duration cash flows and inflation linked pricing power, while for the economy it is a way to turn pressure into productivity.

In reality, we can’t solve today’s problems with yesterday’s thinking. COFI, geopolitics, AI – to mention just a few – force us to shift. And I’m sitting here typing this newsletter feeling inspired by the opportunity to shift thinking and to shift our advice models (what is integrated benefits anyway?). Starting with some fresh solutioning on unclaimed benefits at 9am. See you there.

Upcoming Events.

Most Recent Reads.

Quick Links.