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Annah Thupudi

News

Our perspective is guided by knowledge.

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5 Dec 2025

DECEMBER’S MARKETS: SEASONALITY MEETS UNCERTAINTY

December is a month when everyone, including investors, slip into holiday mode. However, historically, it has been among the strongest for equities.

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29 Aug 2025

TRUMP VS THE FEDERAL RESERVE’S INDEPENDENCE

United States (US) President, Donald Trump’s second term has been marked by an aggressive campaign to reshape the US Federal Reserve’s (Fed’s) Federal Open Market Committee (FOMC) and the broader Federal Reserve system. Driven by a desire to align monetary policy with his economic vision – particularly through drastic interest rate cuts – Trump has […]

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6 Jun 2025

INFLATION TARGETING IN SOUTH AFRICA: CHARTING A NEW PATH

The conversation around South Africa’s inflation target has taken on new urgency in recent months, as policymakers and market participants debate whether the country’s current approach is fit for purpose. With a headline inflation target range of 3% to 6% in place since 2000, South Africa now stands out among its peers for maintaining a […]

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1 Dec 2023

SOUTH AFRICA MAKES STRIDES IN ADDRESSING ANTI-MONEY LAUNDERING DEFICIENCIES

In a significant development, South Africa has received positive recognition for its progress in rectifying technical compliance deficiencies in its anti-money laundering system, according to the latest report from the global Financial Action Task Force (FATF). Key themes for the week US economy grows more than expected Equity markets reflect positive sentiment as we head […]

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2 Nov 2023

THE IMPACT OF BUSINESSES PAYING TOO MUCH FOR FOREX 

Foreign exchange (forex) transactions are the lifeblood of the global economy. It is therefore concerning to note that high pricing and transparency are major pain points for forex players in the small and medium enterprises space in South Africa, says Citadel Global Director and Treasury Partner, Bianca Botes. These pain points were revealed in the […]

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21 Jul 2023

CRISIS AVERTED

South Africa’s relationship with Russia has been in the spotlight leading up to the BRICS (Brazil, Russia, India, China, South Africa) conference scheduled to take place in South Africa during August. Many analysts have been concerned over what South Africa would do should Russian President, Vladimir Putin, attend the conference in person. Would the BRICS […]

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30 Jun 2023

A BIRD’S-EYE VIEW OF THE SOUTH AFRICAN ECONOMY     

Economic performance of the global economy, as well as our local economy, is always top of mind when we evaluate the outlook for growth, employment and financial market performance. This week’s South African Reserve Bank (SARB) Quarterly bulletin provides an in-depth look to the local economy.

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8 May 2023

HOW GEOPOLITICAL RISK IMPACTS FOREX MARKETS 

In today’s connected world, people and businesses need to effectively plan for their futures by considering their wealth from a global perspective.

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24 Feb 2023

SOUTH AFRICA IN TURBULENT TIMES  

Following President Cyril Ramaphosa’s State of The Nation Address (SONA), South African citizens, analysts and investors all looked

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26 Jul 2022

THE BENEFITS OF ASSET SWAPS FOR HEDGING RISK

South African individuals, business and trusts often need help to manage their exposure and protect their financial assets against a volatile rand

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20 Apr 2022

BUSINESSES CAN BENEFIT FROM LEVERAGING CASH MANAGEMENT STRATEGIES

A 2021 Global Treasury Survey Report by PricewaterhouseCoopers

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25 Feb 2022

RUSSIA UPS THE ANTI

On Thursday morning, Russia made good on their threats, waging a full-scale military invasion of Ukraine.

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24 Feb 2022

 A BUDGET-TO-BUDGET ANALYSIS OF THE RAND

 A BUDGET-TO-BUDGET ANALYSIS OF THE RAND

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18 Feb 2022

SPACE TIME

The Virgin Galactic space tourism company has opened a new ticket window for the public to buy seats on their specialised spacecraft

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11 Feb 2022

PUTIN PLAYS WAR GAMES

The European Union’s (EU) foreign policy chief, Josep Borrell, characterised Russia’s military aggression towards Ukraine

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4 Feb 2022

FACEBOOK EARNINGS DISAPPOINT

Almost $200 billion – roughly the size of New Zealand’s economy – was wiped from the market valuation of Meta Platforms, formerly known as Facebook

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28 Jan 2022

A MORE HAWKISH FED

The United States (US) Federal Reserve (Fed), in Wednesday’s Federal Open Market Committee (FOMC) meeting, took a hawkish tone against the market’s

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21 Jan 2022

MICROSOFT MAKES ITS BIGGEST ACQUISITION

Microsoft is planning to purchase Activision Blizzard Inc., in an all-cash deal worth around $75 billion.

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19 Jan 2022

TIMING YOUR FOREX TRADES TO BEAT CURRENCY VOLATILITY

Around the clock currency trading has boomed in popularity around the world, and it can be very profitable when done right

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14 Jan 2022

NEW YEAR, NEW DYNAMICS

It’s already 2022 and the pandemic, unfortunately, is still raging with no real end in sight. As Omicron becomes the dominant COVID-19 variant

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14 Dec 2021

EXCHANGE CONTROL QUESTIONS ANSWERED

Responsible for regulating all cross-border transactions, the South African Reserve Bank (SARB) uses exchange controls

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10 Dec 2021

EVERGRANDE DEFAULTS

China’s largest property development group, Evergrande, has been officially labelled a defaulter for the first time.

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3 Dec 2021

OMICRON – CANARY IN THE COAL MINE?

Hot on the heels of the Delta variant, a new COVID-19 variant named Omicron – discovered over the last week – has thrown the markets into another tailspin. The long and short of the Omicron variant, based on early data, is that it seems more infectious than previous variants, but less dangerous. Key themes for […]

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26 Nov 2021

US TAP INTO OIL RESERVES AMID RISING ENERGY PRICES

The United States (US) and five other world economic powers – China, India, Japan, South Korea and the United Kingdom (UK) – announced a coordinated effort to tap into their national oil stockpiles

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22 Nov 2021

IS CURRENCY VOLATILITY A BAD THING?

Low inflation and interest rates over an extended period have dampened sharp movements in exchange rates, but as consumer prices rise and interest rates are increased, currency volatility once again becomes an important element to consider when trading. If underestimated, it could lead to potentially negative consequences for some investors. Currency volatility is generally measured […]

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19 Nov 2021

ELECTRIC CAR MANIA

Rivian, an American electric vehicle (EV) start-up, has made a big splash onto the automotive scene after listing on the Nasdaq last week.

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12 Nov 2021

BIGGEST INFLATION SURGE IN THREE DECADES IN THE US

This week saw the highest United States (US) Consumer Price Index (CPI) inflation print in 31 years. At 6.2%, inflationary pressure is spreading

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5 Nov 2021

FED STICKS TO ITS KNITTING

This week, after months of speculation and uncertainty, United States (US) Federal Reserve (Fed) Chair, Jerome Powell, announced that the Fed will begin trimming its asset purchases, starting this month. With that out of the way, speculation has shifted to when the Fed might initiate interest rate hikes and the timetable it will follow in […]

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29 Oct 2021

SLOWDOWN IN US GDP

The United States (US) economy grew 2% on an annualised basis for the third quarter of the year, below economist expectations of 2.7%.

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25 Oct 2021

COMMODITY PRICES IN THE EMERGING MARKET LANDSCAPE

South Africa, though not the largest economy among emerging markets, enjoys a prominent position among its peers

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22 Oct 2021

CRYPTO IN THE SPOTLIGHT

The global landscape remains little changed, as the focus remains on the power crunch and global inflation.

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15 Oct 2021

SUPPLY CHAINS IN CHAOS

American consumers have been on a spending spree since the pandemic eased. A measure of this has been the daily tally of container ships waiting outside the busy ports of Los Angeles and Long Beach, California.

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8 Oct 2021

THE FINAL STRETCH

The key market themes have remained consistent over the past few weeks. Inflation, monetary policy and growth, continue to steal the limelight

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1 Oct 2021

HITTING THE CEILING

This week, while monetary tightening by central banks remained top of mind, additional factors also contributed to the current bout of risk aversion

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17 Sep 2021

CHINA TAKES A TUMBLE

Over the last few weeks, market-related news has been sounding a bit like a broken record

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10 Sep 2021

RISK RALLY ENSUES

As the world continues to bet on a dovish United States (US) Federal Reserve (Fed) for longer than initially anticipated

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3 Sep 2021

WAIT AND SEE

The address by the United States (US) Federal Reserve (the Fed) Chairman, Jerome Powell, at the Jackson Hole Economic Symposium was disappointing. It provided none of the clarity that markets were hoping for.

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27 Aug 2021

ALL EYES ON JACKSON HOLE

After much anticipation, the Jackson Hole Economic Symposium finally kicks off today. Investors are keeping an eye out for signals

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20 Aug 2021

TIME TO TAPER

After months of speculation as to when the United States (US) Federal Reserve (the Fed) might start looking at tapering their asset purchases

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13 Aug 2021

BUILDING A BRIDGE

As part of their economic recovery plans following the pandemic, many countries have opted to invest in infrastructure as a way of boosting growth.

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6 Aug 2021

CENTRAL BANKS PAVE THE WAY

Central banks stepped into the spotlight this week, with investors watching and planning cautiously on the side-lines.

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30 Jul 2021

CHINA ROCKS THE BOAT

While the world has largely been focussed on the pandemic, global economic geopolitical tensions heat up.

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23 Jul 2021

DELTA DAMPENS MOOD

As the COVID-19 pandemic continues to play out, the Delta variant is becoming increasingly concerning, even in regions already vaccinated.

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16 Jul 2021

CHAOS ERUPTS

Protests, riots and violence have reared their ugly heads across the globe over the past few years, for a myriad of reasons.

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14 Jul 2021

THE IMPACT OF RECENT RIOTS ON THE RAND

Foreign Exchange Specialists, Citadel Global, unpack recent events.

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9 Jul 2021

THE MASKED AND THE NOT MASKED

Since the beginning of time, there have always been the haves and the have-nots.

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2 Jul 2021

SMALL, BUT IMPORTANT, VICTORIES

It is a common belief that those in positions of power are often above the law, while the less powerful are always held to account.

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25 Jun 2021

COUNTRY UNDER SIEGE

While some parts of the world are celebrating COVID-19 victories, South Africa is facing another potential round of stricter lockdown regulations.

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18 Jun 2021

A HAWK’S EYE VIEW

After much talk and speculation about price pressure in the United States (US), the US Federal Reserve (the Fed)  finally ripped the band-aid off.

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14 Jun 2021

CAUTIOUS OPTIMISM AND THE RAND

South Africans had become so accustomed to the rand plateauing around the R13.70/$ mark that the rand’s recent rally came at a surprise to many.

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11 Jun 2021

READY, SET, JET

The focus, this week, has largely been on the recovery of economies. Over the last 16 months lockdown restrictions have been in place

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4 Jun 2021

SUPER CYCLE – MYTH OR REALITY?

This week saw the dollar remain under pressure, leaving emerging markets and commodities to reap the benefit.

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28 May 2021

ON IT GOES

Another rather uneventful week has come and gone. The world remains steadfast in its focus on the global economic environment

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24 May 2021

TWO CLASSIC HEDGING STRATEGIES THAT CAN PROTECT YOUR BUSINESS FROM CURRENCY FLUCTUATIONS

If you own a business that is exposed to the risk of currency fluctuations, you could implement one of two classic hedging strategies

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21 May 2021

HOLY GROUND

There are two things that one is always supposed to steer clear of in a conversation- politics and religion, and with good reason.

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14 May 2021

MAJOR ECONOMIES

Inflation continued to be at the forefront of market news this past week as economies continue their recovery after the global COVID-19 pandemic.

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7 May 2021

THE INDIAN CALAMITY

While the world, especially developed countries, is well on its way to a post-covid era, many developing countries are still battling

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30 Apr 2021

CULMINATION OF EVENTS

The COVID-19 pandemic remains at centre stage, but there are numerous other events taking place around the world

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23 Apr 2021

A FREE FUTURE?

While South Africans continue to religiously don masks before entering public spaces and adhere to social distancing and other restrictions

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16 Apr 2021

THE RISE OF ANTI-VAXXERS

The movement away from western medicine is nothing new, and over the past decade

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13 Apr 2021

UNDERSTANDING YOUR OFFSHORE ALLOWANCE

With an economy in the doldrums, South Africans are increasingly looking to make use of business and investment opportunities offshore.

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9 Apr 2021

THE TOLL OF TERRORISM

Terrorist attacks are nothing new, and since the World Trade Centre fell in 2001, a number of radical Islamic attacks have taken place

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19 Mar 2021

POWER STRUGGLE

It’s no secret that state-owned enterprise (SOE) Eskom is facing a number of challenges.

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16 Mar 2021

THE BROKEN BLOC

Pressure mounts in Europe amidst vaccine shortages and rising COVID-19 cases,

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5 Mar 2021

LURKING IN THE SHADOWS

The world has been so focused on the pandemic and its economic fallout that concerns regarding the shadow economy have fallen to the wayside

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26 Feb 2021

THE LAY OF THE LAND

Tito Mboweni took centre stage this week, delivering the 2021 National Budget in a time of significant economic turmoil for South Africa.

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19 Feb 2021

WALKING THE TIGHTROPE

SA Financial Markets Journal: Walking the tightrope Financial markets appear to have been living rather precariously since the start of the pandemic, and fears of a market correction or even a bubble seem to have made their way into everyday topics of conversation.

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12 Feb 2021

FULL CIRCLE

It’s been a year since COVID-19 shook the markets and started wreaking havoc on economies.

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11 Feb 2021

RAND COMES FULL CIRCLE SONA TO SONA

The rand has certainly been on a tumultuous ride in the 12 months since the 2020 State of the Nation Address (SONA)

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5 Feb 2021

UPSIDE DOWN

We have all become accustomed to a rather strange way of living, as COVID-19 has seemingly turned everyday life onto its head – and the markets are no exception.

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