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23 May 2019 NISHLEN GOVENDER PROVIDES MARKET COMMENTARY +

Citadel Portfolio Manager Nishlen Govender shares his view on the day’s markets with Classic FM’s Michael Avery.

20 May 2019 TITO TIPPED TO RETAIN FINANCE +

Expectations are rising that finance minister Tito Mboweni will be returned to the portfolio when Cyril Ramaphosa announces his new cabinet, but the maverick minister is keeping tight-lipped. Citadel Chief Economist and Advisory Partner Maarten Ackerman says ‘Continuity in the finance ministry will be key given that over the past five years SA has not had a finance minister who has delivered on the fiscal framework’.

SUNDAY TIMES

DAILY DISPATCH

17 May 2019 FIVE-MONTH STRIKE AT DISCHEM PUTS DAMPER ON GROUP’S PROFITS +

Pharmaceutical company Dis-Chem fell more than 5 percent in early trade on the JSE yesterday after the group reported that the five-month strike at its stores pushed profits below estimates for the year to end February. Citadel Trader Jordan Weir said Dis-Chem earnings fell short of expectations, owing as a result of one or two once-off events that negatively impacted the firm’s performance throughout the financial year.

CAPE TIMES BUSINESS REPORT

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THE MERCURY BUSINES REPORT

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15 May 2019 THREE FOCUS AREAS FOR RAMAPHOSA AFTER THE NATIONAL ELECTION +

With the elections now largely behind us, investors’ focus will shift to President Cyril Ramaphosa’s ability and political will in addressing issues of concern, namely: the composition of cabinet to be announced on the 28th of May, transforming the economy with the promised policy reform and resolving the problem that Eskom poses to South Africa. Citadel Chief Economist and Advisory Partner Maarten Ackerman discusses the three critical post-election investor issues that our president needs to address.

BUSINESSTECH

CT LIVE

FA NEWS

IOL

MONEYWEB

CAPE TIMES BUSINESS REPORT

PRETORIA NEWS BUSINESS REPORT

THE MERCURY BUSINES REPORT

THE STAR BUSINESS REPORT

10 May 2019 STEINHOFF SHARES TUMBLE ON NEGATIVE FINANCIALS +

Steinhoff International’s share price tumbled more than 20% on the JSE yesterday, in a belated reaction to its results published when the market closed on Tuesday. Citadel Trader Jordan Weir comments that the only positive aspect of the results is that shareholders are now seeing more transparency and honesty from the company.

CAPE TIMES BUSINESS REPORT

PRETORIA NEWS BUSINESS REPORT

THE MERCURY BUSINESS REPORT

THE STAR BUSINESS REPORT

IOL

30 Apr 2019 THE FINANCIAL COSTS OF GROWING YOUR FAMILY +

As newly expectant parents, the months preceding the arrival of a child are both incredibly exciting and busy. And between preparing your child’s room and stocking up on toys, clothes and nappies, it can be difficult to turn your mind back to the question of ensuring that you are financially prepared for the new addition to your family. However, Citadel Advisory Partner Anelisa Mti notes that if you want to avoid being caught out by any hidden surprises or expenses down the road, the sooner you adjust your budget and update your financial plan, the better.

CAPE ARGUS

MONEYWEB

THE CITIZEN

THE CITIZEN BUSINESS

Cover

26 Apr 2019 AN ANALYSIS OF NOVO NORDISK +

Citadel Portfolio Manager Nishlen Govender provides a critical analysis and industry challenges faced by global drug company Novo Nordisk, one of the largest insulin providers in the world.

EB NET

12 Apr 2019 BUILDING A CAPITAL BASE WITH A SKILFUL STRATEGY +

Many investors see income investing as the key for living a life of leisure while still keeping the money or “passive income” rolling in. But income investing is far from passive, and without the right advice and planning, unsuspecting investors and retirees could soon find themselves depleting their capital base rather than enjoying the fruits of their labour, notes Citadel Advisory Partner Riaan Campbell.

DAILY NEWS

09 Apr 2019 STEINHOFF SHARES DROP AS PUBLICATION OF RESULTS DELAYED AGAIN +

Steinhoff International’s share price dipped by more than 4% on the JSE after the group announced that it would delay publishing its 2017 annual results by another month. Citadel Trader Jordan Weir says it is reasonable to assess the delay in announcing the results as arising from the complexities woven into the company’s historical accounting practices and that these complexities might have been profoundly underestimated.

SAFRICA24

CT LIVE

IOL

MSN

CAPE TIMES BUSINESS REPORT

PRETORIA NEWS BUSINESS REPORT

THE STAR BUSINESS REPORT

THE MERCURY BUSINESS REPORT

02 Apr 2019 SARS TO BEEF UP BUSINESS CENTRES – CLOSING TAPS ON ILLICIT ECONOMY +

The South African Revenue Service (Sars) announced this week that it would beef-up its large business centre and close taps on the illicit economy after it collected R14.6 billion less taxes in the 2018/9 financial year than the target set out in the February budget. Citadel Chief Economist Maarten Ackerman says while the R14.6 billion shortfall was slightly less than what was expected, it reflected the trend seen since 2015 where Sars missed its targets.

THE STAR BUSINESS REPORT

THE MERCURY BUSINESS REPORT

CAPE TIMES BUSINESS REPORT

PRETORIA NEWS BUSINESS REPORT

IOL

MSN