Defensive Stocks vs Cyclical Stocks: When to Hold, When to Panic | TMM Ep 12

What’s the difference between a share that rides the wave and one that stays steady through the storm? In this episode, we break down defensive vs cyclical stocks, why they behave differently, and how to build a balanced portfolio. Whether you hold Clicks or City Lodge, this episode’s for you.The Money Maze helps South African retail investors stop drowning in jargon and start navigating the market like someone who actually knows what they’re doing. This is not financial advice.