Wrong or Taking Long?

Rezco Asset Management hosted an investment webinar on 8 October 2025, with Chief Investment Officer Rob Spanjaard, Co-Portfolio Manager and Head of Research Simon Sylvester, and Head of Distribution Brian du Plessis presenting views on wrong or taking long?. As a South African asset manager, Rezco explains how macro conditions, valuation and risk control shape unit trust and segregated portfolio decisions.

What this webinar covers

This webinar replay covers Wrong or Taking Long? and how Rezco interprets current markets for clients seeking risk-adjusted returns. The session focuses on Rezco Multi-Asset funds, Rezco SA Equity Fund, Rezco Value Trend and related portfolio themes. Now the, this is the, the interest rates in South Africa, there's inflation rate 3%.

Key themes discussed

• South African macro and politics
• US elections and policy
• artificial intelligence in investing
• bear markets and recessions
• cryptocurrency
• emerging markets
• Donald Trump
• Joe Biden

Macro and market context

Now the, this is the, the interest rates in South Africa, there's inflation rate 3%. Inflation effectively killed the ability to do QE with any, I mean, if it had credibility, but with any credibility, okay?

Companies, sectors and ideas mentioned

• Berkshire Hathaway
• Discovery
• Gold Fields
• Harmony Gold
• Naspers
• Nvidia
• Donald Trump
• Joe Biden
• Federal Reserve
• JSE

Rezco's risk and portfolio views

A slide that's not in this presentation, and we do it our for of dds, we talk about risk, risk code, stock picking philosophy. Your risks are to the upside, not there's always risks in the downside, but it looks there's more, more to the upside. And the other important point as well on looking at South African equities and you look at the long-term averages, you've gotta make a call as well as investor, you've gotta look forward and say the last 10 years have had valuations and earnings growth.