๐ Worldwide Markets Episode 650 โ 1 October 2025
Hosted by Simon Brown
Powered by Standard Bank Global Markets & the Shyft Global Money App ๐ณ๐
๐ Key Topics This Week
๐ Purple Group* & EasyEquities
- Purple Group share price up ~150% this year ๐
- Results driven by non-revenue income (inactivity fees & loyalty program)
- Strong client acquisition via Capitec & Discovery Bank partnerships ๐ฆ
- Trading volumes soaring in a bullish market ๐น
Purple Group | YTD to close 29 Sep 25
๐ฐ Top 40 hits 100,000
- Thanks to gold miners & PGMs โ๏ธ
- AngloGold Ashanti* up nearly 200% in 2025 โจ
- Bitcoin also at record highs: $110k โ $115k โฟ
๐ฟ๐ฆ Bull case for SA Inc.
- Eskom turns profit โก, load shedding largely behind us
- FAFTA gray list exit expected late October โ
- Stronger rand & softer oil price supporting consumers โฝ
- Lower inflation, potential rate cuts in the US vs. SA rates hold ๐ต
- Bond yields easing = cheaper government borrowing ๐ธ
๐ Boxer trading update
- Like-for-like sales up 5.3%, turnover +13.9% ๐
- EPS guidance strong but valuation looks pricey vs. Shoprite* ๐
๐ค Nvidiaโs* self-dealing investments
- Billions poured into OpenAI, CoreWeave & Mistral ๐ง
- Risks of dot-com style “self-dealing” re-emerging โ ๏ธ
- Simon remains a cautious Nvidia shareholder
๐ Global delistings trend
- JSE listings halved over 20 years ๐
- US market also down from 8,000+ to ~4,000 listings
- Private equity & venture capital keep firms private longer โณ
๐ Upcoming Event
Standard Bank Power Hour โ Warren Buffett: Blueprint for a Lifetime of Investing ๐ฆซ๐ก
๐๏ธ 16 October, 17:30 SAST
๐ Rosebank, Johannesburg (in-person & webcast)
๐ Simonโs Notes
- Obsidian vs Evernote: experimenting with second-brain systems ๐๐ง
- Thanks for all listener feedback ๐
๐๏ธ Closing
10 more episodes left before Simonโs year-end break โ๏ธ
โLook after yourself, and if you can, look after somebody else too.โ โค๏ธ
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JSE Direct is an independent broadcast and is not endorsed or affiliated with, nor has it been authorised, or otherwise approved by JSE Limited. The views expressed in this programme are solely those of the presenter, and do not necessarily reflect the views of JSE Limited.
Wednesdays are all about hard-core investing and trading with Simon Brownโs famous JSE Direct podcast. JSE Direct started life on ClassicFM in July 2008 and became a podcast in 2011. Every week Simon shares his views on the state of global economies, individual shares and events moving markets.
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JSE โ The JSE is a registered trademark of the JSE Limited.
JSE Direct is an independent broadcast and is not endorsed or affiliated with, nor has it been authorised, or otherwise approved by JSE Limited. The views expressed in this programme are solely those of the presenter, and do not necessarily reflect the views of JSE Limited.
