Wealth Management with Paul Leonard

20/03/2026

Proud to share these two articles on Consolidated Wealth Group.

I think they do a good job of showing both the professionalism and the support behind the scenes that help planners serve clients well — from advice and investment oversight to administration, compliance and systems. I’ve included links to both below if you’d like to read more.

https://www.consolidatedwealth.co.za/2026/03/09/shaping-spaces-that-help-great-financial-planners-do-their-best-work/

https://www.consolidatedwealth.co.za/2026/03/09/advancing-professionalism-in-the-industry/

13/03/2026

RETIRING SOON?
A RETIREMENT DISCUSSION WITH PAUL LEONARD CFP®

If retirement is approaching, join a discussion about the practical realities of turning savings into sustainable retirement income.

📅 Tuesday 17 March 2026
⏰ 17h30 for an 18h00 start (90 minutes)
📍 The Hub Boutique Hotel
217 Main Road, Walmer

Seating is limited. Waiting list available if fully booked.

RSVP here:
👉 www.consolidatedwealth.co.za/rsvp/⁠
Or call:
📞 041 37 37 999

28/02/2026

28/02/2026

Some financial planning highlights from the 2026 Budget

08/02/2026

Here's a question that people ask when approaching retirement but often don't say out loud.

01/02/2026

RETIRING SOON? Then this is for you.

27/06/2025

Citadel Daily Commentary - Friday 27 June 2025

The dollar remains under pressure, trading near multi-year lows against the euro and pound, as markets deepen bets on US rate cuts. Momentum is building around expectations for at least two more reductions this year, with whispers of a possible third gaining traction.

Equity markets in Asia kicked off the day on a strong note, lifted by renewed trade optimism and a softer Fed outlook. Global stocks continue to climb, eyeing fresh record highs.

Confidence was boosted after the US and China reportedly finalised a trade understanding, while the US Treasury reached a tax agreement with G-7 partners that removes proposed retaliatory measures.

Treasury yields edged up after a strong rally in Treasuries on Thursday, as investors digest shifting monetary policy dynamics and geopolitical developments ahead of the key July trade deadlines.

The rand gave back some ground as it gauges not only the global landscape, but also the current tension between the DA and ANC. The rand is trading at R17.86/$, R20.88/€ and R24.52/£.

Source www.citadelglobal.co.za

11/04/2025

Citadel Daily Commentary - Friday 11 April 2025

The new environment is one where you must assume the brace position. If you let your guard down for even a minute, a fresh wave of market turbulence will likely knock you off your feet.

Following a brief rally on Wednesday, yesterday saw global stocks and bonds continuing their selloff, while the dollar weakened further after its largest decline in three years. Asian stocks are heading for a third straight week of losses, with US equity futures also retreating.

The escalating US-China trade war is heightening risk aversion among investors. Safe-haven assets like gold, the yen, and the euro surged as skepticism grows over US tariff negotiations and mounting fears of an economic recession.

Emerging market currencies, however, saw some reprieve as a gauge of emerging market currencies headed for its best day since August. Oil dipped slightly, while gold remains the safe haven of choice.

The rand is trading at R19.36/$, R21.95/€ and R25.24/£.

Source www.citadelglobal.co.za

10/04/2025

Citadel Daily Commentary - Thursday 10 April 2025

In a welcome turn of events, President Trump paused tariffs on all countries except China for 90 days. Following retaliation from China, however, Trump pushed China’s tariffs to 125% as the two nations play tit for tat.

While markets will continue to be volatile, they immediately responded positively, with most asset classes moving to green.

Indices across the board strengthened, with the S&P 500 gaining 9.5% and the Nasdaq 12%. The volatility index saw a significant decline, while gold and oil both gained.

The US Dollar Index remained subdued, but the rand gained up to 2%, to trade at R19.29/$, R21.18/€ and R24.81/£.

Over the next 90 days, Trump’s negotiations and narrative will remain pivotal to market performance.

Source www.citadelglobal.co.za

09/04/2025

Citadel Daily Commentary - Wednesday 9 April 2025

Yesterday, after a brief reprieve, the markets faced yet another round of carnage. US tariffs announced last week took effect at midnight. In addition, US President Donald Trump slapped China with additional tariffs raising US tariffs on Chinese goods to 104%. Other countries, including those in the European Union, Japan, Vietnam, South Korea, and Taiwan face tariffs of up to 46%.

While Trump justified these measures as necessary to address “unfair trading practices”, markets are experiencing increased volatility, with stocks declining and investors seeking safer assets.

There are growing fears that these tariffs could lead to a recession in 2025, prompting expectations that the Federal Reserve may need to cut interest rates to mitigate the effects on the US economy.

Asian shares sold off overnight, while both the dollar and US Treasuries suffered losses. Futures markets in the US and Europe declined, while oil suffered yet another blow.

The rand, in line with the global selloff, lost ground rapidly. After trading at a high of R19.37/$ yesterday, today it starts the day at R19.79/$, R21.86/€ and R25.50/£.

Source www.citadelglobal.co.za

08/04/2025

Citadel Daily Commentary - Tuesday April 2025

Asian markets experienced a welcome recovery after a historic downturn, with Japan spearheading the gains. This uptick was largely driven by expectations that Japan might receive priority in upcoming US trade negotiations. The Nikkei, Japan’s benchmark index, surged by more than 5%, while futures for both the US and Europe also turned green. In Hong Kong and China, equities advanced as state-backed funds actively purchased assets and the central bank pledged to provide loans to stabilise the market.

Meanwhile, in commodity markets, gold climbed for the first time in four days and oil also saw some reprieve.

The US dollar, slipped against its major peers, after seeing some gains. The rand has edged up, trading around 0.7% stronger against the dollar, and starts the day at R19.48/$, R21.38/€ and R24.91/£.

Source www.citadelglobal.co.za