July 13, 2026 08:27 AM GMT South Africa Economics & Equities | EEMEA M Idea London Trip Notes: The Market Thinks We're Early Investors are more hawkish than we are on inflation and the SARB. Fixed income is constructive, while equities remain selective as structural growth remains low. Financials preferred. Our investor meetings in London last week highlighted an important shift in investor thinking. Compared with our previous visit in Q1, South Africa's macro backdrop has become more challenging: higher oi ...