About this video
Welcome to State of the Nation Business (2026) — brought to you by Corion Capital. In the first session of the year, Mike Sham sits down with David Bacher for a straight, data-driven look back at 2025’s extraordinary market performance and what it means for investors heading into 2026.
✅ In this episode we cover:
Why 2025 stands out: South African equities delivered their best US-dollar returns since 2009
The rare streak: the JSE was positive in USD for 12 consecutive months
The “triple win” year: Rand up ~12%, bonds up ~41% (USD), and equities delivering standout returns
How SA ranked globally: why the market was among the top performers worldwide
What drove the surge: resources doubled, resource sector up ~140%, and gold stocks up ~250%
The key reality: the stock market ≠ the economy (many JSE firms earn offshore revenues)
What investors should do now: measured rebalancing, not emotional profit-taking
Corian’s positioning: trimming resources and tilting into domestic + interest-rate sensitive shares
Big 2026 watch outs: inflation, interest rates, geopolitics, and global trade reset
Fed independence under pressure: why Trump vs Jerome Powell matters beyond the headlines
The SA parallel: why undermining central bank independence risks inflation and poor outcomes
Where to get the Corian report and follow their updates
Sponsor: Corian Capital
Visit: http://www.corian.co.za
Follow Corian on LinkedIn / WhatsApp / Instagram / TikTok
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Produced by Stream In Studios – https://www.streamin.co.za
Watch the full conversation above. This article uses the title and description published by State Of The Nation on YouTube on 14 January 2026.
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