Bianca Botes

We’re still about foreign exchange advice. We’re still about bespoke solutions. And we’re still about making money move. We remain your partner. We are Citadel Global. With thanks for your ongoing support, and in anticipation of the next horizon… twitter.com/i/status/13640…

In this week’s Weekly Wrap: Turbulence and tariffs This week's key themes: •US manufacturing contracts •China’s economic output improved in March •Further pressure on oil prices as OPEC+ boosts production •Major currencies strengthen against a weaker dollar •The rand feels the pressure of local politics and US tariffs Read more here: bit.ly/3R5EMRn #CitadelGlobal #WeeklyWrap #MarketUpdate

Tune in to the Premiere of A Citadel Experience Highlights on SuperSport. With @BrianMcFadden and golfing legend @garyplayer, the event raised R2.3 million for the Blair Atholl Pre-Primary School, to be managed in a Citadel endowment to ensure the sustainability of the school well into the future. Tune in today at 17:10 on SuperSport Channel 213 to watch all the unforgettable moments! If you miss the premiere, watch the repeats of A Citadel Experience on: SuperSport Variety 2, channel 207: •8 April 2025 at 17:45 •9 April 2025 at 05:45 SuperSport Golf, channel 213: •14 April 2025 at 13:00 •15 April 2025 at 22:45 •16 April 2025 at 13:00 •17 April 2025 at 12:00 The highlights are also available on DStv Catch Up or watch the highlights here: bit.ly/3XKQkgJ #CitadelSA #BeyondRemarkable #CitadelPhilanthropy #ACitadelExperience

Daily Commentary: Global markets brace for Fed and ECB rate decisions amid growth concerns and bond yield retreats Last week’s mixed US labour market data has left investors uncertain about what to expect from the Fed when it meets on 18 September. Markets are now suggesting a 30% chance of a 50 bps rate cut. Meanwhile, markets are fully positioned for a 25 bps cut by the ECB on Thursday. Chinese markets traded softer overnight as low inflation numbers are stoking fears of China’s economic growth concerns. The prospect of lower rates bolstered bonds, with yields retreating. The US 10-year Treasury yield dipped to its lowest level in 15 months, before profit taking early this morning. It’s quiet on the data front today, with US Wholesale Inventories due out this afternoon. The rand is struggling to find direction. It starts the week trading at R17.83/$, R19.75/€ and R23.41/£. Follow us to stay up to date with the latest global market movements #WeeklyWrap #MarketUpdate #CitadelGlobal

All eyes are on today’s US inflation reading. Higher-than-expected inflation could see a sharp jump in the value of the US dollar, as traders may eliminate any chance of a June rate cut and will re-evaluate the probability of rate cuts for the rest of the year. The CPI reading will also set the tone for this evening’s FOMC minutes, where investors will be seeking clues from policymakers on the US interest rate trajectory. The rand made strides against major currencies yesterday and has already gained 1.8% against the greenback this week, bringing some relief to importers. We start the day at R18.45/$, R20.03/€ and R23.39/£. #MarketNews #CitadelGlobal #FinanceNews

Hopes of early US rate cuts dissipated as the US economy has once again demonstrated its resilience, specifically in the labour market as non-farm payrolls substantially beat expectations. Hawkish comments by the Fed, during a CBS interview on Sunday, further dispelled any hopes of an imminent rate cut. Meanwhile, a private survey on China’s services sector activity further soured the mood, as it indicated that the sector likely grew less than expected. On the data front today, we will keep an eye on the local Standard Bank PMI, followed by PMI from the US, EU and UK. Later in the day we will keep a keen eye on a speech from Fed member, Raphael Bostic. The rand slipped on Friday and starts the week trading at R18.93/$, R20.41/€ and R23.88/£. #MarketNews #CitadelGlobal #FinanceNews

In this week’s Market Wrap, we take a closer look at the most recent International Monetary Fund, (IMF) global growth outlook, and do a deep dive into what cues the rand will take in 2024. IMF upgrades global growth outlooks but Sub-Saharan Africa falls short The rand in for yet another volatile year Federal Reserve maintains a hawkish tone Earnings take centre stage on the equity front #WeeklyWrap #MarketUpdate #CitadelGlobalCitadel

China deploys stimulus and ECB and SARB keep interest rates on hold. Oil trades near two-month highs and US economy overshoots expectations. Read more here: MARKET ROLLERCOASTER ACROSS ALL ASSET CLASSES citadelglobal.co.za/market-rollerc… Citadel Global #WeeklyWrap #CitadelGlobal #FinanceNews

Citadel Global Director, @BiancaBotes3 unpacks the latest market updates on @eNCA, taking a closer look at how the markets performed, with the JSE in the positive and the rand recouping some of the losses from the last two days. Watch full discussion below: enca.com/videos/enca-bu…

Citadel Global Director, Bianca Botes discusses the latest market updates on Newzroom Afrika with Xoli Mngambi, unpacking extended world market trade gains supported by strong tech earnings, the JSE following global peers and the rand continuing to claw back recent losses. Watch full discussion below: youtube.com/watch?v=aE98zz… #CitadelGlobal #MarketNews #MarketUpdate

Congratulations to Citadel Global Director, @BiancaBotes3.

Congratulations to our Director, @BiancaBotes3 , FIFM, who was recently appointed as a Fellow and elected as a board member of the South African Institute of Financial Markets (SAIFM). The fellowship is a prestigious honour, which has been awarded as a result of her extensive expertise in financial markets and treasury solutions, as well as her dedication to progress in the industry. Bianca will be taking up her role as a board member alongside SAIFM Chairperson, Adam Reeves, to drive the associations mandate and integrity in financial markets. Pictured here are Mesias Alfeus, PhD, FIFM, Bianca Botes, FIFM, and Phumzile H M. alongside SAIFM Chairperson, Adam Reeves. #SAIFMFellow #SAIFMBoard #CitadelGlobal #Markets

@JHBWater You say that you will throttle water overnight, however Morningside has had NO water the ENTIRE DAY.

#JoburgUpdates Johannesburg Water systems update ^N

@Rand_Water is there perhaps an ETA for water to be restored in Morningside Sandton?

@JHBWater No water in Morningside…again…

@Arneau_Sir 😂😂😂 one would think by now we would know not to fight the Fed.

@JHBWater There’s also no water in Morningside, sandton?

Johannesburg Water systems #JoburgUpdates ^N

[WATCH] In recent months, the United States (US) debt ceiling made headlines, with a deal finally reached on 1 June 2023. While everyone expected parties on the opposite side of the floor to eventually reach an agreement, even if it was at the eleventh hour, what they weren’t expecting was this week’s debt-rating downgrade, handed down by ratings agency, Fitch. Read more here: bit.ly/3qmXObZ #Marketnews #MarketUpdates

[WATCH] In a recent Weekly Wrap, dated 9 June 2023, we made mention of a meeting that took place between the Presidency and key private sector players. The aim of the meeting was to forge collaboration between the private and public sectors to keep, what many deem to be the South African sinking ship, afloat. This week, 115 South African Chief Executive Officers (CEO’s) have pledged their commitment to the cause. Read more here: bit.ly/44LF5G2 #MarketNews