Ninety One appoints cable to lead SA investments

The investment landscape has seen significant shifts in recent years, with market volatility, the rise of artificial intelligence, and opportunities in African markets taking center stage. Duane Cable, the newly appointed Chief Investment Officer for South Africa at Ninety One, shared his insights on these key themes in a recent interview with CNBC Africa. With over two decades of experience in the market, Cable reflected on the unprecedented volatility witnessed in recent times compared to past events like the global financial crisis in 2008 or Brexit in 2016. He emphasized the importance of focusing on fundamentals and long-term investing to navigate through turbulent market conditions. Cable also discussed the growing prominence of artificial intelligence in investment strategies. He highlighted the need to distinguish between hype and reality in AI trends, emphasizing the importance of identifying winners in the market and adapting investment portfolios for the AI shift. Additionally, Cable delved into the geopolitical challenges impacting investment decisions, particularly in light of the global south's rising influence. He highlighted the significance of geopolitical risks, especially around digitization and global supply chains, urging investors to back companies that can navigate uncertainties in the new world order. When it comes to the African investment landscape, Cable expressed caution despite the 'Africa rising' theme. He noted the challenges posed by geopolitical risks, currency fluctuations, and the lack of substantial growth in some African markets. However, he remained optimistic about South Africa's potential, citing efforts to drive growth and regain foreign investors' confidence. As South Africa works towards economic recovery and attracting investment, Cable acknowledged the need for skepticism when evaluating opportunities in African markets. The interview shed light on the complex dynamics shaping the global investment environment and highlighted the importance of strategic decision-making in uncertain times.