NOW Ep 112: IMF Special | Signals from Washington

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In this special IMF edition of No Ordinary Wednesday, Cumesh Moodliar, CEO of Investec South Africa, and Ruth Leas, CEO of Investec UK, unpack the signals from this year’s meetings in Washington – from the “three Ts” shaping investor sentiment (Trump, technology and tariffs) to the cautious optimism surrounding South Africa’s reform momentum.

Podcast key moments:
00:00 – Introduction
01:20 – What themes dominated conversations at the 2025 Investec IMF Breakfast?
02:57 - What’s top of mind for global investors and banking leaders
06:31 - The IMF has raised its global growth projection to 3.2% for 2025, how does this shape the mood among international investors?
07:17 - Is there more confidence among investors in the UK or is caution still the prevailing mood?
08:17 – How seriously are investors taking IMF global debt warnings?
10:37 - What message did SARB Governor Lesetja Kganyago deliver to the global financial community and how was it received?
13:10 - What was Investec’s message about South Africa to international financiers?
13:58 – Is investor sentiment on the UK is improving?
15:12 - What signals are you picking up about investment appetite in the UK and Europe?
15:57 - Is there evidence that SA’s reform narrative is gaining traction?
17:59 – Is the global economy on a more stable footing?

Read more on www.investec.com/now

Hosted by seasoned broadcaster, Jeremy Maggs, the No Ordinary Wednesday podcast unpacks the latest economic, business, and political news in South Africa, with an all-star cast of investment and wealth managers, economists, and financial planners from Investec. Listen in every second Wednesday for an in-depth look at what's moving markets, shaping the economy, and changing the game for your wallet and your business.
Chapters
  • 00:00 Introduction
  • 01:20 What themes dominated conversations at the 2025 Investec IMF Breakfast?
  • 06:31 The IMF has raised its global growth projection to 3.2% for 2025, how does this shape the mood among international investors?
  • 07:17 Is there more confidence among investors in the UK or is caution still the prevailing mood?
  • 08:17 How seriously are investors taking IMF global debt warnings?
  • 10:37 What message did SARB Governor Lesetja Kganyago deliver to the global financial community and how was it received?
  • 13:10 What was Investec’s message about South Africa to international financiers?
  • 13:58 Is investor sentiment on the UK is improving?
  • 15:12 What signals are you picking up about investment appetite in the UK and Europe?
  • 15:57 Is there evidence that SA’s reform narrative is gaining traction?
  • 17:59 Is the global economy on a more stable footing?
19 Oct 2025 English South Africa Business · Investing

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