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16 Oct 2018 WEALTH CREATION: THE “REAL THING” +

Understanding each of your options in your journey of wealth creation will set you up well for achieving your goals. Getting the mix right creates the “the real thing”, the ideal wealth creation formula. Citadel Advisory Partner Riaan Campbell shares his insight on wealth management, and the various choices that drive real wealth creation.

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10 Oct 2018 RATINGS AGENCIES LIKELY TO VIEW MBOWENI AS “CREDIT POSITIVE” +

The appointment of Tito Mboweni as the new Minister of Finance is likely to be viewed as a positive by credit ratings agencies and markets, placing South Africa in excellent stead for reigniting economic growth and investment, says Citadel Director and Chief Investment Officer George Herman.

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02 Oct 2018 MAKING FRIENDS OF ENEMIES, AND ENEMIES OF FRIENDS +

The policy response to the 2008 Global Financial Crisis set in motion the geopolitical trends that would eventually see the pivot from leaders such as Obama, Gordon Brown and Angela Merkel to the populism of Trump and Brexit. Quantitative easing may have restored economic and market strength, but this came at the expense of creating greater inequality within countries thus sparking the trend towards rising populism and introducing major risks and uncertainty to the global economic environment.

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28 Sep 2018 WOMEN’S FINANCIAL SURVIVAL GUIDE TO DIVORCE +

Facing the breakdown of a marriage can be extremely painful emotionally, but with the right knowledge and planning, it needn’t be financially devastating as well, says Citadel Advisory Partner Kirsten Smit. With this mind, Kirsten provides six key tips for women to successfully navigate the process of untangling their finances from a partner.

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17 Sep 2018 HOW PRESIDENT RAMAPHOSA CAN TURN SA ECONOMY AROUND +

Disappointing economic growth figures and a sharply weaker rand have given South Africans a sharp reality check, demonstrating that while Cyril Ramaphosa’s presidency had revitalised the country’s sense of optimism, deep-seated structural economic challenges remain. “President Ramaphosa now needs to seize the opportunity to get South Africa’s house in order while the global economic environment still remains supportive – and fast,” says Yolanda Naudé.

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04 Sep 2018 DOWNGRADE RISK RETURNS AS SA ENTERS RECESSION +

Poor GDP figures released today revealed that South Africa has entered a technical recession following two consecutive quarters of negative economic growth, heightening the country’s risk of suffering yet another credit downgrade in the second half of the year, says Citadel Chief Economist and Advisory Partner Maarten Ackerman.

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30 Aug 2018 OVER OR UNDER? AN EXAMINATION OF US EQUITY VALUATION LEVELS +

There is a fair degree of scepticism regarding current market valuations in the United States judging by commentary from prominent market watchers. This is expected, as US equities have been in a very strong bull market since the lows reached in February 2009 following the Global Financial Crisis. Citadel Portfolio Manager Victor von Reiche provides an examination of US equity valuation levels, with an in-depth look at risk factors contributing to volatility.

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22 Aug 2018 ENSURING FINANCIAL SECURITY IN RETIREMENT +

South Africans are not savers and the reasons for this are many, vast and multi-faceted, each aspect adding collectively to the toxic mix. To deal with this predicament as individuals and as a nation, we need to identify, understand and act against these drivers.

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13 Aug 2018 EMERGING MARKET STORM ENSNARES RAND +

Having experienced its largest one day fall in over a decade, the rand is trading at the weakest levels seen since 2008, briefly touching R15.55/$ overnight before levelling out at R14.55/$ this morning. Unfortunately, the local currency’s losses have little to do with South Africa and are rather a consequence of the emerging market storm caused by recent developments in Turkey.

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07 Aug 2018 ESKOM WAGE HIKES UNSUSTAINABLE +

High levels of debt and muted demand for electricity mean that above-inflation wage increases for Eskom workers are simply not sustainable in the long-term, especially if South Africa is to avoid further credit ratings downgrades, warns Citadel Chief Economist Maarten Ackerman.

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