Editor's Thoughts.

There’s a lot happening just beneath the surface of BAU* right now.

On the macro side, Adam Furlan (Ninety One) and Adriaan Pask (PSG Wealth) both flag how April’s jump in CPI to 4% and higher core inflation complicate life for the SARB. It’s a tough balance between protecting a stretched consumer and acting early enough to keep inflation expectations anchored – rate hikes that can’t fix oil prices, but can’t be ignored either. With on-again, off-again peace talks between the US and Iran, what will the MPC choose to do at their meeting tomorrow?

It’s in this volatile (crazy?) investment context that EBnet.Stream chats to Chetan Ramlall (STANLIB) about systematic investing. Systematic investing is a phrase that’s coming up more often and I thought I’d clear up my own misunderstanding of “Is systematic the new passive?” which Chetan so graciously answers.

It could be said that investing is 90% diversification and the other half discipline. In this reality, EBnet’s new podcast series: The Art of Manager Fusion, sponsored by Alexforbes couldn’t have come at a better time. This 12 part series covers the ins and outs of researching, selecting and optimimally blending investment managers to meet your (or your retirement fund’s) investment goals. Look out for the first episode coming soon.

In today’s governance corner, Lize de la Harpe (Sanlam) delivers a sharp reminder: unpaid retirement fund contributions don’t disappear in liquidation.

(*BAU = Business as usual)

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