12 Sep 2019 NASPERS NOSEDIVES AFTER PROSUS LISTING
Naspers share price fell by more than 30 percent on the JSE after the South African media giant completed a successful listing of its subsidiary Prosus on the Amsterdam Stock Exchange. The share price declined to R2 390.26 a share on Wednesday morning. Citadel Portfolio Manager Nishlen Govender says the decline was fully expected following the separate listing of Prosus.
10 Sep 2019 PROSUS LISTING EXPECTED TO REDUCE NASPERS WEIGHTING ON JSE
Naspers' listing of its new global consumer internet group, Prosus, on the Euronext stock exchange in Amsterdam tomorrow is expected to reduce its dominance on the JSE. Naspers is expected to drop to about 15 percent of the JSE’s equities benchmark from its current weighting of 21 percent. However Citadel Portfolio Manager Nishlen Govender says fund managers are more concerned with Naspers’s discount to net asset value at the moment.
01 Sep 2019 SECOND QUARTER OFFERS GDP JOY
Economic growth of up to 3% is forecast for the second quarter of this year when official data is reported on Tuesday. Citadel Chief Economist and Advisory Partner Maarten Ackerman says ‘higher frequency data is definitely pointing towards a bit of a rebound’. The latest leading indicator from the Reserve Bank, was not ‘suggesting that the economy I collapsing’.
29 Aug 2019 SHOULD TRUSTS STILL BE USED IN ESTATE PLANNING?
Increasing focus on trusts by revenue authorities, both locally and offshore, has created the perception that trusts are being targeted – especially from a tax perspective – and that they are going to become obsolete. The question now is should trusts still be used in estate planning, or has their star faded? According to Citadel Fiduciary Managing Director Hilary Dudley, trusts still have an important role to play within estate planning if they are formed for the right reasons, offering benefits such as asset protection and continuity.
22 Aug 2019 ANDREW MÖLLER ON TECHNOLOGY AND WEALTH MANAGEMENT
One of the most significant trends in the wealth management industry in recent years has been increasing adoption of technology as both a facilitator and a driver of growth. Citadel CEO Andrew Möller points in particular, to the emergence of automated investment services that make use of artificial intelligence (AI) has given rise to the provision of automated or “robotic” advice (robo-advisors) that help to democratise the industry and provide access to a far larger proportion of the population than before.
21 Aug 2019 SHOPRITE FALLS 9% AS SPENDING DECLINES
Shoprite Holdings fell sharply on the JSE on Wednesday, tanking with other retail stocks, as weak consumer spending in a stagnant economy sliced its net profit nearly 20 percent. Shoprite shares declined by 9.25 percent on the JSE to close at R126.85. Citadel Portfolio Manager Nishlen Govender says that it is understandable that retail stocks would be punished in an environment in which economic growth was less than population growth.
24 Jul 2019 MARKET UPDATE WITH JORDAN WEIR
Citadel Trader Jordan Weir provides an update on where the markets are today.
13 Jul 2019 WHAT TO DO WITH A FINANCIAL WINDFALL
Who hasn’t dreamt of receiving a sudden cash windfall? However becoming instantly rich, or even receiving just a healthy boost of cash, can bring many more problems than it solves, warns Citadel Advisory Partner Anelisa Mti. Mti offers six suggestions of what to do to avoid the pitfalls of landing a windfall, to ensure that you are able to maximise the opportunity to provide for your retirement and leave a legacy.
03 Jul 2019 POWER OF SAVING
Economists have argued that one of the most important ingredients for creating a sustainable economy is its citizens’ ability to save as investment drives economies. Citadel Advisory Partner Christelle Louw explains the link between long-term financial independence, investing and wealth creation.
01 Jul 2019 ANDREW MÖLLER ON WEALTH MANAGEMENT TRENDS
The wealth management industry has seen considerable disruption in recent years, and those businesses that adapt to the new environment will be able to thrive while offering clients the best options available. Citadel Chief Executive Officer Andrew Möller discusses the three key trends currently taking place.