# #95 Two scoreboards: why SA credit holds up while the economy limps

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Podcast: [The Investment Perspective, with Ninety One](https://stenobird.com/podcast/the-investment-perspective-with-ninety-one-7065967)
Published: 2026-07-20T08:23:55+00:00
Episode link: https://shows.acast.com/the-investment-perspective-with-ninety-one/episodes/95
Audio file: https://sphinx.acast.com/p/open/s/6704f63a835696b02f258dd3/e/6a5a30ce62e50b14bd9ce888/media.mp3
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Duration seconds: 496

## Resource

SA corporate credit holds up even as GDP growth stalls and inflation risk builds. Stephen Naidoo explains why strong technicals, not improving fundamentals, are driving the market, and why that gap demands a more conservative, quality-first approach rather than complacency. Hosted on Acast. See acast.com/privacy for more information.

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