In this episode of Smart Money, host Alishia Seckam speaks to Jonele Matthee-Ferreira, CEO of Cogence, about the structural mega forces shaping the 2026 investment landscape. They explore why AI has become a dominant macro driver, whether the rally is sustainable, and how energy demand, central bank policy and global divergence are influencing markets. The conversation also unpacks opportunities in emerging market fixed income, South Africa’s outlook, and why private markets are becoming an increasingly important source of diversification and long-term returns for retail investors.