ALLAN GRAY: Long-term lessons for navigating volatility.

Loading player...
GUEST – Horacia Naidoo-McCarthy, a manager in the Institutional Clients team at Allan Gray
As US President Donald Trump announced steep tariffs earlier this month, global share markets sold off massively. Investors were clearly rattled by the potential impact that these tariffs could have on global trade and shifted their portfolios accordingly. As with COVID-19, understandably, many investors reacted emotively and locked in permanent losses as a result.
Extreme situations make us feel like we have to do something different to respond to the current moment; but perhaps the best course of action is to stick to the basics and follow the logic that has proven to pay off over long time periods. Horacia Naidoo-McCarthy, a manager in the Institutional Clients team at Allan Gray, joins Kaya Biz to share some long-term lessons on navigating extreme volatility – based on what we have seen in the past.
15 Apr 2025 2PM English South Africa Business News · Investing

Other recent episodes

Sol Plaatje University has appointed Thebe Ikalafeng as its new Chancellor

Sol Plaatje University has appointed Thebe Ikalafeng as its new Chancellor, effective 16 January 2026, for a five-year term. This is a homecoming for Ikalafeng, born in Kimberley, now returning to support the Northern Cape’s premier higher education institution. He joins Nzinga Qunta on the show.
22 Jan 1PM 28 min

Promotions, value, and the evolving South African FMCG retail landscape

Fast-Moving Consumer Goods (FMCG) sector is starting to hit a tipping point. Retailers and manufacturers are under pressure, absorbing costs while running constant promotions, and margins are being squeezed. Trade Intelligence’s Senior Retail Analyst, Nicola Allen unpacks this Trade Intelligence’s 2026 South African FMCG Retail Outlook.
22 Jan 1PM 10 min

Why December debt lingers for 3 months and how to fix it

With the festive season behind us, many South Africans have detoxed their diets and decluttered their homes, but one area is quietly being ignored: financial clutter. Research shows that it typically takes households up to three months to recover financially from December, as many rely on credit to survive the…
22 Jan 1PM 15 min

Role of sovereign and development capital in driving regional infrastructure

We’re joined by Ipeleng Selele, Chairperson of Brand South Africa, following her panel discussion at the World Economic Forum, to talk about how sovereign and development capital can drive regional infrastructure, support economic transition, and strengthen South Africa’s position on the global stage.
22 Jan 1PM 8 min

SA loses thousands of taxpayers as more cut ties with SARS

South African Revenue Service (SARS) says over 50 000 taxpayers have ceased to be tax resident in South Africa over the past seven years. Delano Abdoll, Legal Manager: Cross-Border Taxation at Tax Consulting South Africa explains what this means for the economy.
22 Jan 1PM 9 min