Global uncertainty, shifting geopolitical dynamics, evolving market conditions, and key developments in South Africa continue to shape the investment landscape. Our May 2026 Market Report explores the latest trends influencing equities, interest rates, commodities, infrastructure, and economic growth, providing valuable insights to help investors remain focused on long-term opportunities despite short-term volatility.

Rising U.S.–Iran tensions are shaking global markets, causing oil price volatility, trade disruptions, and fears of a wider humanitarian crisis. Threats to key routes like the Strait of Hormuz and vital infrastructure could drive inflation, slow growth, and increase uncertainty. Despite some diplomatic signals, the situation remains fragile with global implications.

Global markets experienced heightened volatility in February as geopolitical tensions in the Middle East escalated and investors reassessed risk across asset classes. Despite uncertainty, the broader economic outlook remains resilient, with easing inflation in major economies, shifting investment flows toward emerging markets, and encouraging developments within South Africa’s economy. This blog highlights the key global and local events shaping markets and what they may mean