Welcome to a brand-new year and the latest episode of ‘Money, Markets, and Masterminds’, the Citywire South Africa podcast that unpacks the intricate world of finance and investments. In this episode – our first for 2025 and the eighth in partnership with Morningstar South Africa – I’m joined by Sean Neethling , Morningstar’s head of investments, to gaze into the crystal ball for the year ahead. As we leave 2024 behind, with its surprises, market highs and political shifts, we tackle pressing questions: • Will US equities sustain their stellar performance, or is caution warranted? • How will global interest rates and inflation shape developed and emerging markets? • Can South Africa build on the positive momentum from last year’s elections? Whether you’re a financial adviser, fund selector, or institutional investor, this episode delivers actionable insights, expert analysis and strategic tips to help you navigate the uncertainties of 2025.