15 Mar 2020 CORONAVIRUS IMPACTS STOCK MARKETS
Volatility rules after historic panic-driven selling over Covid-19 fears and an oil price war. Companies, investors, pension funds and fund managers were left licking their wounds when the JSE fell by about 13% between Monday and Thursday. Nishlen Govender, portfolio manager at Citadel, said the loss from the peak to the trough for the most important exchanges, such as the JSE Top 40 and the S&P 500, totalled about 20% and was a trigger for a bear market.
10 Mar 2020 MARKET UPDATE WITH VICTOR VON REICHE
Citadel Portfolio Manager Victor von Reiche joins a panel of experts to discuss key aspects of today’s markets.
10 Mar 2020 CORONAVIRUS INVESTMENT OUTLOOK IMPACT
When news initially broke of the coronavirus outbreak, market's applauded China's immediate measures taken to curb the disease. With new cases and deaths recorded nationwide, Citadel Chief Investment Officer George Herman shares Citadel's market view.
04 Mar 2020 DOWNGRADE LOOMS AS RECESSION CONFIRMED
Yesterday South Africa neared a potential credit rating downgrade as Eskom’s load shedding and muted demand pushed the economy into a technical recession in the fourth quarter of last year. Citadel Chief Economist and Advisory Partner Maarten Ackerman said the economic outlook was dismal and a downgrade appeared unavoidable.
04 Mar 2020 INVESTMENT LESSONS FROM THE BERKSHIRE HATHAWAY SHAREHOLDER LETTER
Citadel Portfolio Manager Nishlen Govender shares his views on the investment lessons contained in the annual Berkshire Hathaway letter to shareholders.
26 Feb 2020 COMMENTARY ON THE NATIONAL BUDGET SPEECH 2020
Overall the 2020 Budget Speech ticked the right boxes for markets and depicted a government that is reform-minded and ready to show its muscles. However there are four major risks that threaten the Budget’s framework says Citadel Chief Economist and Advisory Partner Maarten Ackerman.
20 Feb 2020 GET A TAX BOOSTER FOR YOUR RETURNS
The tax year-end is fast approaching and making tax efficient investments is key to a healthy financial plan, and maximising potential returns. “In a retirement annuity that you can use if you are self-employed or want to boost your company retirement savings, you can only access your money when you retire after age 55,” says Citadel Advisory Partner Anelisa Mti.
17 Feb 2020 VAT INCREASE TO 16% POSSIBLE BY END-FEBRUARY
South Africans should brace themselves for a possible hike in the VAT rate when Finance Minister Tito Mboweni presents the 2020/2021 Budget Speech at the end of the month. “There has been talk that the only effective lever left to pull could be to raise VAT by one percentage point to 16%, which would inject between R20 billion and R35 billion in revenue. Although it would be a particularly unpopular move politically, it is increasingly possible”, says Citadel Portfolio Manager Mike van der Westhuizen.
17 Feb 2020 HARD CHOICES FOR BUDGET 2020
Citadel Portfolio Manager Mike van der Westhuizen believes a strong Budget will come down to simple action and hard choices taken now for the long-term benefit of the country. “The main thing to look at, given that the Moody’s is watching closely, is the need to rein in the budget deficit, which is starting to spiral even more out of control,” he says.
14 Feb 2020 TIGER BRANDS SHARES TAKE A KNOCK AFTER BAD NEWS
Tiger Brands yesterday wiped off nearly R3billion of its market cap after the group tumbled to its lowest levels in eight years. The decline came as the packaged goods company warned shareholders in a trading guidance that its earnings would fall 36 percent for the six months to the end of March. Citadel Trader, Jordan Weir said the share plunge was a direct result of headwinds the group was facing.