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03 Dec 2019 WE’RE NOW PLAYING IN INJURY TIME +

The quarter-on-quarter annualised GDP growth has come in weaker than expected. The market was looking to a decline of some -0.2%, with the print coming in somewhat worse at -0.6%. Another negative quarter shows us once again that the economy is not really going anywhere at this point.

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24 Nov 2019 FIVE TRENDS THAT ARE RESHAPING WEALTH MANAGEMENT +

The wealth management industry has seen considerable changes in recent years, and those businesses which adapt to the new environment will be able to thrive while offering clients the best options available. From disruptive technology to aging populations, from a rise in a new wealth to an increasingly turbulent environment, wealth managers are facing an exciting outlook with new opportunities to help clients prepare for, says Citadel CEO Andrew Möller.

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22 Nov 2019 EARLY RETIREMENT IS TEMPTING – BUT CAN YOU AFFORD IT? +

The temptation to retire early and adopt a life of leisure can be particularly seductive as you enter your fifties and sixties, especially after many years spent with your nose to the grindstone. However Citadel Advisory Partner Kerry King asks the question ‘can you afford to retire early?’.

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30 Oct 2019 CITADEL TEAMS UP WITH RONAN KEATING AND GARY PLAYER FOR CHARITY +

Black knight golf legend Gary Player and Irish pop star Ronan Keating are teaming up again in a major charity drive in aid of children fighting cancer and the Red Cross War Memorial Children’s Hospital Oncology Unit. The two giants of golf and music will be in the Western Cape this November at the acclaimed Val de Vie luxury lifestyle estate and Pearl Valley Golf Estate for A Night with Ronan Keating presented by Citadel.

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30 Oct 2019 MTBPS HIGHLIGHTS THE CROCODILE JAWS CLOSING AROUND SA’S ECONOMY +

Calling a spade a spade, Finance Minister Tito Mboweni’s Medium Term Budget Policy Statement (MTBPS) was refreshingly honest about the precarious situation the country now finds itself in, and the severe challenges we face. Most notably, he was candid about South Africa’s dire situation: we are effectively facing crocodile jaws that are widening to swallow the South African economy, as tax revenue has continued to fall while government expenditure has continued to rocket.

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16 Oct 2019 IS IT TIME TO DITCH SA EQUITY +

Given South Africa’s abysmal economic performance and years of anaemic market returns, negative sentiment has sent local investors sprinting for the greener pastures of offshore equities. So, while Regulation 28 limits the offshore exposure of retirement funds to a maximum of 30%, Citadel Investment Strategist and Portfolio Manager Harold Strydom answers the question: does South African equity still have any place in discretionary savings portfolios?

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01 Oct 2019 KEY ESTATE PLANNING FACTORS TO CONSIDER WHEN MOVING ABROAD +

In our modern, globalised world, many people are moving abroad, whether just temporarily or permanently emigrating, or they have children who have moved abroad. However Citadel Fiduciary Director Theunis Ehlers warns that there are serious financial considerations that must be taken into account when deciding to emigrate, if you are to avoid an extremely nasty surprise at a later stage.

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23 Sep 2019 FIVE KEY REASONS NOT TO DIY YOUR INVESTMENTS +

The rise of new technologies and fintech has made investing simpler, more transparent and cheaper than ever before. So, in a world where investing is as easy as ordering take-out, what are the dangers of self-managing your investments, and why should you consider seeking professional financial advice? Citadel Director and Durban Regional Head Nic Horn discusses the five key reasons to think carefully before adopting a DIY approach to your investments.

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03 Sep 2019 STILL HOPE FOR A NEW DAWN? +

With GDP up 3.1% in the second quarter of 2019 (seasonally adjusted, annualised) and 0.9% for the year to June 2019, the markets have responded positively. The rand appreciated by some 10 cents on publication of the data and bonds yields declined by about 10 basis points. ‘It is comforting to see that we have avoided a technical recession, but most interesting is to note the severe impact that load shedding can have on the country’, says Citadel Chief Economist and Advisory Partner Maarten Ackerman.

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28 Aug 2019 THE TRUST IS DEAD – LONG LIVE THE TRUST! +

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.

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