π Worldwide Markets Episode 650 β 1 October 2025
Hosted by Simon Brown
Powered by Standard Bank Global Markets & the Shyft Global Money App π³π
π Key Topics This Week
π Purple Group* & EasyEquities
- Purple Group share price up ~150% this year π
- Results driven by non-revenue income (inactivity fees & loyalty program)
- Strong client acquisition via Capitec & Discovery Bank partnerships π¦
- Trading volumes soaring in a bullish market πΉ
Purple Group | YTD to close 29 Sep 25
π° Top 40 hits 100,000
- Thanks to gold miners & PGMs βοΈ
- AngloGold Ashanti* up nearly 200% in 2025 β¨
- Bitcoin also at record highs: $110k β $115k βΏ
πΏπ¦ Bull case for SA Inc.
- Eskom turns profit β‘, load shedding largely behind us
- FAFTA gray list exit expected late October β
- Stronger rand & softer oil price supporting consumers β½
- Lower inflation, potential rate cuts in the US vs. SA rates hold π΅
- Bond yields easing = cheaper government borrowing πΈ
π Boxer trading update
- Like-for-like sales up 5.3%, turnover +13.9% π
- EPS guidance strong but valuation looks pricey vs. Shoprite* π
π€ Nvidiaβs* self-dealing investments
- Billions poured into OpenAI, CoreWeave & Mistral π§
- Risks of dot-com style “self-dealing” re-emerging β οΈ
- Simon remains a cautious Nvidia shareholder
π Global delistings trend
- JSE listings halved over 20 years π
- US market also down from 8,000+ to ~4,000 listings
- Private equity & venture capital keep firms private longer β³
π Upcoming Event
Standard Bank Power Hour β Warren Buffett: Blueprint for a Lifetime of Investing π¦«π‘
ποΈ 16 October, 17:30 SAST
π Rosebank, Johannesburg (in-person & webcast)
π Simonβs Notes
- Obsidian vs Evernote: experimenting with second-brain systems ππ§
- Thanks for all listener feedback π
ποΈ Closing
10 more episodes left before Simonβs year-end break βοΈ
βLook after yourself, and if you can, look after somebody else too.β β€οΈ
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JSE β 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.
Wednesdays are all about hard-core investing and trading with Simon Brownβs 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 β 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.
