If you’ve been watching the markets—or even just the news—you’ve probably felt the heat. Trump-era tariffs are back in the headlines. Global markets are shaky. And here at home, South Africa’s Government of National Unity (GNU) is making waves.
It’s a lot—and it’s okay to feel unsure.
Understanding the Current Climate
Several key developments have contributed to the recent volatility:
Trump Tariffs Return. In the U.S., President Donald Trump’s reintroduction of tariffs has reignited concerns
around global trade and supply chains. While these actions are politically motivated, markets are already pricing in the possible ripple effects—especially on emerging markets and global commodities.
South Africa’s Government of National Unity (GNU)
Closer to home, uncertainty around the structure and stability of South Africa’s Government of National Unity is weighing heavily on local markets. Investors are closely watching how power-sharing and policy decisions will unfold post-election. Concerns about cohesion, economic reform progress, and fiscal discipline are contributing to a weaker rand and increased volatility on the JSE.
What This Means for Your Portfolio
We don’t plan around the headlines of today—we plan around the goals that matter to you tomorrow. Market noise doesn’t change your retirement date, your child’s education timeline, or your vision of financial freedom. And it shouldn’t change your strategy, either. Markets will likely remain sensitive in the short term. However, history has shown that investors who stay the course through uncertain times are often rewarded in the long run.
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