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

WorldWide Markets with Simon Brown

Release Date: 09/30/2025

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🌍 Worldwide Markets Episode 650 – 1 October 2025

Hosted by Simon Brown
Powered by Standard Bank Global Markets & the Shyft Global Money App πŸ’³πŸŒ


πŸ”‘ Key Topics This Week

πŸ“ˆ Purple Group* & EasyEquities

  • Purple Group share price up ~150% this year πŸš€

  • 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 πŸ’Ή

Purple Group | YTD to close 29 Sep 25 Purple Group | YTD to close 29 Sep 25

πŸ’° Top 40 hits 100,000

  • Thanks to gold miners & PGMs ⛏️

  • AngloGold Ashanti* up nearly 200% in 2025 ✨

  • Bitcoin also at record highs: $110k – $115k β‚Ώ

πŸ‡ΏπŸ‡¦ Bull case for SA Inc.

  • Eskom turns profit ⚑, load shedding largely behind us

  • FAFTA gray list exit expected late October βœ…

  • Stronger rand & softer oil price supporting consumers β›½

  • Lower inflation, potential rate cuts in the US vs. SA rates hold πŸ’΅

  • Bond yields easing = cheaper government borrowing πŸ’Έ

πŸ›’ Boxer trading update

  • Like-for-like sales up 5.3%, turnover +13.9% πŸ“Š

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

πŸ€– 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

πŸ“‰ Global delistings trend

  • JSE listings halved over 20 years πŸ“‰

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

  • Private equity & venture capital keep firms private longer ⏳


πŸ“… Upcoming Event

Standard Bank Power Hour – Warren Buffett: Blueprint for a Lifetime of Investing πŸ¦«πŸ’‘
πŸ—“οΈ 16 October, 17:30 SAST
πŸ“ Rosebank, Johannesburg (in-person & webcast)


πŸ“ Simon’s Notes


πŸŽ™οΈ Closing

10 more episodes left before Simon’s year-end break ✈️
β€œLook after yourself, and if you can, look after somebody else too.” ❀️

Simon Brown

* I hold ungeared positions.

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