18 Jan 2019 FIVE SAVINGS TIPS FOR WOMEN IN THEIR TWENTIES
17 Jan 2019 WHAT HAPPENS IF ESKOM’S TARIFF HIKE BID FAILS
South Africans will end up paying for Eskom’s decade of mismanagement, says Citadel Chief Economist and Advisory Partner, Maarten Ackerman. The group’s debt has increased by as much as 800% to over R400 billion over the last 10 years, while its energy capacity and sales have been reduced by 5%. Ackerman said that if Eskom is not granted the increase, it is in very real danger of being unable to service its debts.
14 Jan 2019 AS GLOBAL GROWTH COOLS – HOW DO YOU SAFEGUARD YOUR WEALTH?
Traditionally, during times of economic slowdown, crises or recessions, the world’s wealthy have run towards gold. But in a world of artificial intelligence, cryptocurrencies and mobile money, the battle lines seem less clear as investors seek a safe haven for their wealth. Citadel Chief Economist and Advisory Partner Maarten Ackerman explains their approach in positioning portfolios today to weatherguard clients in the future.
10 Dec 2018 FIVE MAJOR EVENTS THAT POSE A RISK TO SA IN 2019
06 Dec 2018 COMMENTARY ON THE Q3 GDP RESULTS
With a positive growth figure of 2.2% for the third quarter of 2018, the technical recession is over says Citadel Chief Economist and Advisory Partner Maarten Ackerman. Further growth has been seen in the manufacturing and agriculture sectors which will contribute towards creating more inclusive growth and jobs.
30 Nov 2018 CITADEL’S 25 YEARS AND R50 BILLION IN ASSETS
This year Citadel celebrated twenty-five years of managing wealth and assisting clients, as well as reaching the R5o billion assets under management and advice mark. This achievement is commendable during such a red-letter year. It is also worthy to note that up to 40% of Citadel’s gross annual inflows come from an existing client base – clients who have been with the company for longer than a 12-month period. The company’s exceptional 97% client retention rate also speaks volumes about client satisfaction levels.
23 Nov 2018 RAND CELEBRATES SARB INTEREST RATE HIKE
The rand has cheered the decision of the SA Reserve Bank (Sarb) to hike borrowing cost by 25 basis points (bps) to 6.75 percent. Citadel Chief Economist and Advisory Partner Maarten Ackerman says the Sarb’s decision was not made solely on the basis of economic growth but to also ensure that inflation did not breach the upper 6 percent target level.
23 Nov 2018 TIGER BRANDS FACE REPERCUSSIONS OF LISTERIOSIS OUTBREAK
The listeriosis outbreak in South Africa came back to haunt Tiger Brands with the group reporting a 26 percent decline in headline earnings per share (Heps) to 1587 cents to a share during the year to end September. Citadel Trader Jordan Weir comments that the listeriosis outbreak as well as the VAT increase and slowdown in consumer spending and demand pushed the group into the black.
21 Nov 2018 CITADEL SAYS PRESSURE ON ASSET MANAGEMENT FEES WILL INCREASE
“We talk about it internally as the race to the bottom. There are different categories of pressures faced by asset managers at the moment. The changing regulatory environment requires a growing number of resources to monitor and comply. We require, increasingly, world-class systems and then there is the debate about passive versus active,” said Citadel CEO Andrew Moller.
09 Nov 2018 HOW TO ADD AN ORGAN DONATION CLAUSE TO YOUR WILL
A question one often asks when drafting their will is ‘can I include an organ donation clause?’ Citadel Advisory Partner Paul Leonard provides clarity on the legal steps needed to formally add the donation clause to your will.