How to protect your portfolio during a prolonged inflation shock
South Africa entered 2026 in its best inflation position in 21 years. Inflation had fallen to 3% – right on the Reserve Bank’s new target. More rate cuts were on the table. Consumer confidence was cautiously recovering. After years of grinding cost-of-living pressure, there were genuine reasons for optimism. Then the Iran war started. And the numbers started moving in the wrong direction.
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