If Capital

If Capital is a discretionary investment company (Category II), FSCA license 51648. We offer our clients a unique and bespoke investment management service.

We build personal share portfolio and provide you with ease of access to local and global stocks. If Capital constructs, nurture, and actively manages tailor-made share portfolios for our clients. Clients receive access to stock markets all over the globe and with our skill and expertise, we manage and apply the most opportune strategy to all portfolios. Local portfolios are denominated in South A

frican Rands while offshore portfolios are denominated in either US Dollars, British Pounds, or European Euros.

21/08/2026

Why do some price increases affect inflation more than others? 📊

Inflation is about more than prices simply going up. Indicators such as CPI, core inflation, PPI and inflation expectations help us understand where price pressures originate, how persistent they may be and where they could be heading.

When inflation remains low, stable and predictable, households and businesses can make more confident decisions about spending, saving, borrowing and investing.

Swipe through to explore the key indicators behind inflation—and why price stability matters for the economy and your purchasing power. ➡️

14/08/2026

Core Output & Economic Growth: Understanding the Economy’s Engine ⚙️

Core output and growth refer to the expansion of an economy's real production of goods and services, typically measured by changes in real Gross Domestic Product (GDP). Economic growth occurs when a nation increases its real output over time by using more resources or improving how efficiently those resources are used.

Some key terms to keep in mind:

GDP (Gross Domestic Product)
GDP measures the total value of goods and services produced within a country over a specific period. It is one of the broadest measures of economic activity and helps us understand the size and performance of an economy.

Real vs Nominal GDP
Nominal GDP measures output at current prices, meaning it can increase because an economy produces more or simply because prices have risen, while real GDP adjusts for inflation, giving us a clearer picture of whether the economy is actually producing more.

Recession
A recession is a significant and sustained decline in economic activity. It is typically associated with falling output, weaker employment, reduced spending and lower business investment.

Investor takeaway: Understanding economic growth helps investors assess where an economy is in the economic cycle and how that environment could influence asset classes. 📈

Stay tuned as we explore more macroeconomic terms in the coming weeks.

07/08/2026

📊 Government Debt: When Does Debt Become a Problem?

Government debt is often discussed in terms of how much a country owes. But for investors, a more important question is: How large is that debt relative to the size of the economy?

The debt-to-GDP ratio compares a country's government debt with the size of its economy, providing an indication of the scale of its debt burden relative to its ability to generate income and tax revenue.

The US has the world's largest government debt in absolute terms, at approximately $40.7 trillion. Yet Japan has a much higher debt-to-GDP ratio, at around 204%, compared with approximately 126% for the US and 87% for South Africa.

But a high debt-to-GDP ratio doesn't automatically mean a country is in financial trouble. Investors also need to consider economic growth, interest costs, inflation, the currency in which the debt is denominated, the maturity of the debt, and who owns it.

💡 The key takeaway: Debt matters. But the amount a country owes is only part of the story. Its ability to service that debt is what really matters.

30/07/2026

💡 Did you know?

South Africa is home to the world's largest Platinum Group Metal (PGM) reserves, accounting for an estimated 83% of global reserves. 🇿🇦

PGMs, including platinum, palladium and rhodium, are essential to a wide range of industries – automotive catalytic converters, electronics, medical devices, hydrogen fuel cell technology and many industrial processes, making them critical metals in both today's economy and the transition to cleaner energy. ⚙️

This abundance gives South Africa a unique strategic advantage. As demand for these metals evolves alongside technological innovation and the global energy transition, the country's resource base has the potential to remain an important contributor to economic growth, export earnings and long-term investment opportunities.

24/07/2026

What an incredible day on the court! 🎾🩶

We were honoured to be part of Padel for a Purpose as a proud sponsor, supporting the amazing work of The Samuel Lawson Foundation NPC

It was inspiring to see so many people come together on Mandela Day to play, connect, and make a meaningful difference. Every match played and every contribution made helps create a brighter future for children and families in need.

Here's to making a difference, one point, one partnership, and one purpose at a time. 🩶

15/07/2026

📢 We're Hiring: Business Development Manager / Distribution Manager 📢

Are you an experienced financial services professional with a passion for building strategic partnerships and driving business growth?

iF Capital is looking for a Distribution Manager to lead and execute our national distribution strategy. This role is responsible for growing our intermediary network, strengthening partner relationships, and driving sustainable business growth.

Key Responsibilities:
* Develop and execute iF Capital's national distribution strategy
* Build and manage relationships with financial advisers and strategic partners
* Identify new business opportunities and grow distribution channels
* Drive sales performance and achieve business growth targets
* Lead and develop the distribution team
* Oversee partner onboarding, training, and sales support
* Ensure compliance with FAIS, F**A, POPIA, and other regulatory requirements
* Collaborate with internal teams to deliver an exceptional partner experience

If you have the experience and ambition to make an impact, we'd love to hear from you.

📩 Send your CV to [email protected]

09/07/2026

📊 Big is not one number.

Market cap, revenue and profit get used interchangeably when people talk about a company's "size", but they measure completely different things, and conflating them leads to bad conclusions.

Take three companies operating at a broadly similar revenue scale:

Nvidia — ~$216bn revenue, but a ~$4.7 trillion market cap. The market isn't pricing today's turnover; it's pricing ~70% operating margins and years of assumed growth.

Saudi Aramco — ~$446bn revenue and ~$105bn net income, arguably the most profitable company in history, yet a market cap of roughly $1.7 trillion, well below Nvidia's.

Glencore — ~$248bn revenue, in the same league as Nvidia by turnover, but net income under $0.4bn and a market cap near $80bn.

Three companies, roughly similar top line, wildly different profitability and market value. Turnover tells you how much business a company does. Profit tells you how well it converts that into earnings. Market cap tells you what investors will pay for a claim on future profit, essentially a bet on margin durability and growth, not a scoreboard of current size.

📈 The practical takeaway: never let one of these metrics stand in for another. A company can be enormous on revenue and modest on market cap, or the reverse. Knowing which kind of "big" you're actually buying matters more than the headline number.

03/07/2026

📈 Markets at Record Highs: Should Investors Be Nervous?

Global equity markets have continued to push into record territory this year, with the S&P 500 and several major indices repeatedly setting new highs. It's a pattern that often prompts investors to ask whether a market pullback is around the corner.

History suggests a more balanced perspective. New all-time highs have tended to cluster together, with markets often going on to reach further highs over the following year. A record high, on its own, has not been a reliable indicator of an imminent downturn.

While US equity valuations remain elevated and markets continue to be influenced by earnings, inflation, bond yields and central bank policy, record highs are a natural outcome of long-term economic and corporate growth. The more important question isn't whether markets are at a high, but what is driving those gains and whether they are supported by broad-based market strength. 📊

26/06/2026

🌍 The global market cap race

The Americas dominate with $28.1T across their top 10 — and NVIDIA alone ($5.4T) is worth more than every company in Europe's top 10 combined.

Asia-Pacific punches well above its weight at $7.3T, anchored by the three chipmakers powering the AI revolution: TSMC ($2.3T), Samsung ($1.5T), and SK Hynix ($1.1T). 💻

Europe's top 10 totals $3.1T — with ASML ($628B) as the standout, while the region's pharmaceutical leaders continue to hold their ground. 📈

For long-term investors, the concentration of value in AI infrastructure and semiconductors raises as many questions as it does opportunities. At these valuations, the market is pricing in a lot of future that still needs to be delivered. 🚀

15/06/2026

Top Ten Companies by Decade

Spot the odd one out.

Kodak. AIG. Citigroup. Bank of America. All once sat in the top 10 of the S&P 500 by market cap.

This chart, covering 40 years of S&P 500 data, tells you everything you need to know about why diversification and adaptability matter more than conviction in any single name.

The total market cap of the top 10 has grown from $251B in 1985 to $19.4 trillion in 2025. The wealth creation is extraordinary. But it has flowed to completely different companies than anyone predicted.

Change really is the only constant.

What will the 2035 list look like?

Address

75 Lavender Lane, Somerton Estate
Bloemfontein
9301

Telephone

+27514070800

Website

http://www.ifcapital.co.za/

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