what's pushed Purple Group +140% this Year? And a Bull Case for SA Inc.

🌍 Worldwide Markets Episode 650 – 1 October 2025

Hosted by Simon Brown
Powered by Standard Bank Global Markets & the Shyft Global Money App 💳🌐

🔑 Key Topics This Week

📈 Purple Group* & EasyEquities

Purple Group share price up ~150% this year 🚀

Results driven by non-revenue income (inactivity fees & loyalty program)

Strong client acquisition via Capitec & Discovery Bank partnerships 🏦

Trading volumes soaring in a bullish market 💹

Purple Group | YTD to close 29 Sep 25

💰 Top 40 hits 100,000

Thanks to gold miners & PGMs ⛏️

AngloGold Ashanti* up nearly 200% in 2025 ✨

Bitcoin also at record highs: $110k – $115k ₿

🇿🇦 Bull case for SA Inc.

Eskom turns profit ⚡, load shedding largely behind us

FAFTA gray list exit expected late October ✅

Stronger rand & softer oil price supporting consumers ⛽

Lower inflation, potential rate cuts in the US vs. SA rates hold 💵

Bond yields easing = cheaper government borrowing 💸

🛒 Boxer trading update

Like-for-like sales up 5.3%, turnover +13.9% 📊

EPS guidance strong but valuation looks pricey vs. Shoprite* 🍏

🤖 Nvidia's* self-dealing investments

Billions poured into OpenAI, CoreWeave & Mistral 🧠

Risks of dot-com style "self-dealing" re-emerging ⚠️

Simon remains a cautious Nvidia shareholder

📉 Global delistings trend

JSE listings halved over 20 years 📉

US market also down from 8,000+ to ~4,000 listings

Private equity & venture capital keep firms private longer ⏳

📅 Upcoming Event

Standard Bank Power Hour – Warren Buffett: Blueprint for a Lifetime of Investing 🦫💡
🗓️ 16 October, 17:30 SAST
📍 Rosebank, Johannesburg (in-person & webcast)

📝 Simon's Notes

Obsidian vs Evernote: experimenting with second-brain systems 📚🧠

Thanks for all listener feedback 🙏

🎙️ Closing

10 more episodes left before Simon's year-end break ✈️
"Look after yourself, and if you can, look after somebody else too." ❤️

Simon Brown

* I hold ungeared positions.

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