Simon’s weekly wrap: Powell exits as inflation and climate risks linger

Today is Jerome Powell’s last day as chair of the Federal Reserve and I spoke with Pooja Tanna from Perpetua Investment Managers about his legacy. Appointed by Trump in 2018, the pandemic will likely define his chairmanship as the key financial outcome was US inflation that has been above the 2% target since March 2021. Maybe inflation not being ‘transitory’ will be his memory?

You can also listen to this podcast on iono.fm here.

I chatted with Sean Kelly from Parity Wealth Managers about healthcare and biotech investments. He makes a compelling case that healthcare is not as defensive as many presume. Rather, it is a space with innovation and a great long-term story that needs to be included in a diverse portfolio.

You can also listen to this podcast on iono.fm here.

The recent floods in the Western Cape tell an important story, climate change is real and a threat to agriculture. I spoke with Loffie Brandt from Absa AgriBusiness on how farmers manage these new risks. We also touched on the rise in energy and fertiliser costs due to the oil price spike after the US attack on Iran.

You can also listen to this podcast on iono.fm here.

Balwin results showed decent growth but no dividend as the board remains cautious, considering the upside risks to inflation and rates locally. I spoke with CEO Steve Brookes about the numbers and in particular the Western Cape. The region is doing very well, but do they potentially run out of stands, as it’s the region with the smallest pipeline.

You can also listen to this podcast on iono.fm here.

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