Navigating a Shifting Global Market.
Global markets are being reshaped at pace, driven largely by US President Donald Trump’s continual trade tariff and policy changes. This uncertainty has caused market fluctuations globally, including in South Africa and other emerging markets.
In our new series, Trump and Tariffs, Sanlam Investments’ Chief Economist, Arthur Kamp unpacks how this evolving landscape could affect the global order, currencies, trade and potential knock-on effects for local markets and portfolios.
In the interim, we are confident in our investment philosophy, which has proven that portfolios benefit from eventual market rebounds, historically rewarding patience and long-term commitment. Look out for updates from Arthur Kamp and our investment experts.
Episode 7
SA’s growth path amid US tariffs
In the latest episode of the Trump and Tariffs podcast series, Arthur Kamp, our Chief Economist, and Thato Moitsemang, Senior Manager Research Analyst at Sanlam Investments Multi-Manager, discuss the potential US tariffs of up to 30% on South African goods and the near-term implications for the local market.
Episode 6
Arthur Kamp, our Chief Economist, and Roy Mutooni, Head of Global Emerging Markets, discuss the future of global trade in the latest episode of the Trump and Tariffs podcast series.
Episode 5
Emerging Markets: Tariffs, Trump and Trade Realignment
Arthur Kamp, our Chief Economist, and Feroz Basa, Head of Global Emerging Markets, discuss the future of global trade in the latest episode of the Trump and Tariffs podcast series.
Episode 4
Our Chief Economist, Arthur Kamp, and Jaco-Chris Koorts, Portfolio Manager at Sanlam Investments Multi-Manager and Glacier Invest, discuss the inflationary effect of tariffs and what this could mean for retirees, or those nearing retirement.
Episode 3
James Turp, Head of Fixed Income Strategy and Chief Economist, Arthur Kamp discuss the implications of the latest shift in US policy, why further rate cuts are still possible and how local investors are navigating global volatility amid local inflation and growth prospects.
Episode 2
Arthur Kamp, our Chief Economist, chats with Francois van der Merwe, Head of Global Solutions at Sanlam Investments Multi-Manager about what tariffs and the current fragmented global order could mean for investors.
- Trending Insights
Navigating new trade headwinds: US tariffs and South Africa’s growth path
In the latest episode of the Trump and Tariffs podcast series, Arthur Kamp, our Chief Economist, and Thato Moitsemang, Senior Manager Research Analyst at Sanlam Investments Multi-Manager, discuss the potential US tariffs of up to 30% on South African goods and the near-term implications for the local market.
The inflationary effect of tariffs – what does this mean for retirees?
Our Chief Economist, Arthur Kamp, and Jaco-Chris Koorts, Portfolio Manager at Sanlam Investments Multi-Manager and Glacier Invest, discuss the inflationary effect of tariffs and what this could mean for retirees, or those nearing retirement.
Navigating a fragmented global order: what investors need to know
As global power shifts from US dominance to a more fragmented order, investors face new uncertainty. While US markets remain resilient, emerging economies and global bonds offer growing opportunities. The dollar’s role is evolving, but long-term investment discipline remains key. Stay the course—history favours those who don't react impulsively to short-term volatility.
A return to tariff walls: the largest trade shock since the 1930s
The article outlines the unprecedented surge in U.S. import tariffs in April 2025—echoing protectionist policies of the 1930s—and explores the profound global economic risks, including recession threats, weakened trade, and shifting geopolitical alliances, highlighting this as a structural shock to the international trade system.
Listen to the full conversation
Kaya Biz with Gugulethu Mfuphi spoke to Feroz Basa, head of Global Emerging Markets at Sanlam Investments on the latest developments.
Explore more
Mokgatla Madisha
Head of Fixed Income in our Active Management team spoke to Jimmy Moyaha on SAfm about current conditions – and some hope before year end.
James Turp
Our Portfolio Manager and Head of Fixed Income Strategy, James Turp discusses tariffs with Nompu Siziba on SABC. Here’s the clip.
Feroz Basa
Our Head of Global Emerging Markets, joined the eNCA team to unpack the developments and what they mean for investors.
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