JSE Large Caps with Great Dividend Yields
WorldWide Markets with Simon Brown
Release Date: 10/14/2025
Boxer's Blinder & The Pick & Pay Valuation That Makes No Sense
WorldWide Markets with Simon Brown
Boxer just posted ShopRite-level operating margins — so why is Pick & Pay, which owns 65% of it, trading at an implied negative enterprise value? Simon Brown unpacks the R10bn valuation paradox and whether it's a genuine opportunity. He also walks through his new AI-powered research workflow, using Claude and ChatGPT to produce and fact-check full initiating coverage reports on Balwin Properties and Raubex. Plus: gold miners Goldfields and AngloGold Ashanti on costs, Meta at its cheapest forward PE since 2022, and Open Router token data that shows xAI running a distant fourth behind...
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Hyperscaler Results, Berkshire's Cash Pile and Fuel Pain
WorldWide Markets with Simon Brown
Hyperscaler results from Microsoft, Amazon and Alphabet produced numbers that almost don't seem real — combined remaining performance obligations of $1.46 trillion and Q1 capex of $112 billion. Simon unpacks where that money is going, why copper is the quiet beneficiary, and which JSE stocks give exposure. Berkshire Hathaway is sitting on $380 billion in cash, roughly 38% of its market cap — a meaningful drag while US markets sit at highs. The memory makers — Samsung, SK Hynix and Micron — are choosing pricing power over capacity, with SK Hynix on a forward PE of 4.5. Closer to home,...
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Tim Cook Out, Tariff Refunds In, Markets Back At Highs
WorldWide Markets with Simon Brown
US markets hit all-time highs this week even as $166 billion in Trump tariff refunds start processing — a windfall for retailers, but consumers who paid inflated prices at the till won't see a cent back. Tim Cook is stepping down at Apple with John Ternus taking over, Amazon is spending $11.57 billion to buy Globalstar and build a Starlink rival, and Netflix delivered Q1 results with a $2.8 billion Warner break fee buried in the numbers. Simon also breaks down the Fed Chair nomination battle, why market recoveries are getting faster, and the sixth anniversary of the day WTI oil went...
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The Hormuz "Blockade" Has Fine Print | So Does the SA Fuel Crisis
WorldWide Markets with Simon Brown
US results season opens with Goldman Sachs and Johnson & Johnson both beating expectations — but the more interesting story is what those results don't show yet: the full impact of Middle East conflict and Trump's drug pricing pressure. Simon also unpacks South Africa's looming fuel crisis and makes the economic case for working from home, a new 100% offshore ETF listing on the JSE from ETFSA, and an ASP Isotopes update for those holding a speculative position. FNB's FCA-mandated R11.9bn provision for undisclosed UK vehicle finance commissions gets a full breakdown, as does the nuanced...
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SA Retail Stocks: Where the Value Is Right Now
WorldWide Markets with Simon Brown
South African consumer stocks have been hammered. In Episode 673 of WorldWideMarkets, Simon Brown works through the JSE's food and clothing retailers — Shoprite, Boxer, Pick n Pay, SPAR, Pepkor, Foschini Group, Mr. Price, Lewis, and Woolworths — asking where genuine value has emerged and where cheap simply means broken. He also sets the macro scene with Trump's Wednesday deadline on Iran peace talks and what a Straits of Hormuz transit fee would mean for oil prices and inflation. Stock by stock: valuations, analyst targets, dividend yields, and Simon's honest take on what he holds and why....
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Six Space Stocks Reviewed, Which Ones Are Worth It?
WorldWide Markets with Simon Brown
Simon reviews six listed space stocks ahead of the expected SpaceX IPO, which could debut above $2 trillion as early as June. Rocket Lab, AST SpaceMobile, Intuitive Machines, Firefly Aerospace, Planet Labs and Spire Global each get a SWOT breakdown, with the Procure Space ETF (UFO) as a diversified alternative. On the local front, the JSE Top 40 just posted its worst month since September 2008, falling roughly 10 percent from all-time highs. A massive petrol price increase takes effect at midnight. Simon discusses investing into a falling market, revisits the Algorithm Holdings AI hype...
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Tariffs are Back with no Ceiling and Gold at $4,000
WorldWide Markets with Simon Brown
WorldWideMarkets episode 671 covers the return of US tariffs through Section 301 investigations targeting South Africa and 60 other countries — with no rate ceiling and no court precedent to stop them. Simon unpacks the Iran war's tentative ceasefire talks, why Goldman Sachs revised its Brent forecast to $85, and what happens to oil and interest rates if the conflict drags on. Monday's sharp gold selloff gets a post-mortem: leveraged FOMO unwinds, Turkey tapping reserves, and profit-taking after a year of doubling. Two stock ideas round out the episode: Rocket Lab (RKLB) for pure-play space...
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War, Fuel & Fertilizer: The Inflation Pipeline
WorldWide Markets with Simon Brown
Worldwide Markets — Episode 680 | 18 March 2026 Powered by Standard Bank, Global Markets, Retail and ⛽ Fuel Price Pain Coming Petrol 95 up ~R4.50/litre and diesel up ~R7.50/litre from the first Wednesday in April. On a 50-litre tank that's R200+ for petrol and close to R400 for diesel. Fill up before April if you can. 🛢️ Oil & The Iran War Brent holding above $100/barrel (currently ~$103.50) — briefly dipping to $99.80 on Monday before recovering. Markets are pricing in a short war. Some vessels — largely Iranian-linked ships — are still moving through the Strait of...
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As Uncertainty Rules, Rate Cuts are Gone
WorldWide Markets with Simon Brown
🌍 World Wide Markets – Episode 669 📅 11 March 2026 | Hosted by Simon Brown Powered by Standard Bank Global Markets, Retail & 🧭 Market Mood: Chaos Means Doing Nothing With geopolitical tensions and wild commodity moves, markets are extremely uncertain. Simon’s strategy right now? 🧘 Do nothing. Panic trading rarely helps. In times of chaos, sometimes the best move is to step back, ignore the noise, and let events unfold. 🛢️ Oil Shock: From $60 to $120 Oil has been incredibly volatile. 📊 Recent moves Early January: ~$60 Monday spike: ~$120 Tuesday: briefly below...
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Budget Boost, Oil Shock | SA's Two-Speed Week that Changed the Narrative
WorldWide Markets with Simon Brown
⚖️ Budget Boost: A Rare Win for Taxpayers 🇿🇦💰 This week kicked off with a surprisingly investor-friendly South African budget — and markets initially loved it. Key Changes: 📈 CGT annual exclusion: R40,000 → R50,000 🏠 Primary residence CGT exclusion: R2m → R3m 💼 Retirement contribution limit: R350k → R430k (or 27.5%) 🌍 Offshore SDA allowance: Doubled to R2m 🎁 Donations tax exemption: R100k → R150k 🧾 Tax-free savings annual limit: R36,000 → R46,000 🏢 VAT registration threshold: R1m → R2.3m After years of “tax by stealth,” this budget offered...
info_outline🎙️ Worldwide Markets Ep. 652 — “Dividends, Gold, and Gearing Gone Wild”
📅 15 October 2025 | Hosted by Simon Brown | Powered by Standard Bank SHYFT
🪙 Gold Rush Continues
Gold is unstoppable! 🚀
Now trading above R4,100/oz, the yellow metal has clocked eight consecutive green weeks — the longest winning streak since early 2024.
Simon digs into:
- 📈 Historical patterns since the pandemic: jump → consolidate → jump again
- 🏦 Central banks as persistent buyers — but what happens if they ever stop?
- 🤔 With gold having doubled in three years, central banks’ reserves are now worth far more — will they slow purchases?
Gold weekly chart
🧬 ASP Isotopes & the Renegen* Deal
🔥 The small-cap buzz continues!
ASP Isotopes (📊 JSE-listed) soared 34% after being added to a Morgan Stanley National Security Index, thanks to its defense-related tech.
- 🧪 ASP will acquire Renegen at a ratio of 0.09i ASP shares per Renegen share.
- 📈 The stock was badly mispriced at listing, now settling into realistic levels.
- 🧠 Simon’s take: it’s partly a meme stock, but still delivering products and momentum.
🌍 Tariff Turmoil & Trump Tactics
🗞️ Trump shocked markets promising 100% tariffs on China, triggering a:
- 📉 2% drop on the S&P 500
- 📉 3% drop on the Nasdaq
…before walking it all back two days later. Classic “art of the deal.” 🎭
💬 China’s latest export data (+8.4% YoY) shows resilience, finding new global buyers despite tensions.
💥 Crypto Carnage: Over-Geared Traders Wiped Out
📉 Bitcoin slid 10%, altcoins dropped 20–50% — and many over leveraged traders got liquidated.
Simon’s tough love 💬:
“If a 10% move wipes you out, you’re not trading — you’re gambling.” 🎲
He explains gearing simply:
- 💰 10× gearing = a 10% drop → total wipe out.
- 💰 50× gearing = just a 2% drop → goodbye capital.
- Crypto’s already volatile — no need for extra leverage.
💸 JSE Large Caps: Great Dividend Yields
Following last week’s small-cap value picks, Simon scans big JSE names offering strong income 📊:
🏦 Banks
- Nedbank (9%) – solid and cheap.
- ABSA (8%) – attractive and trading below NAV.
- Standard Bank (7%) – quality but pricier.
- FirstRand (5.2%) – premium quality, lower yield.
- Investec (6.5%) – decent, but less excitement.
🏭 Industrials & Commodities
- Tungela (50%) – monster yield, but coal outlook uncertain.
- Omnia (special dividend) – mixed on chemicals.
- AVI (9%) – steady margins, strong chart 📊.
- Tiger Brands (7%) – turnaround story under new management.
- Reunert – defense & cabling play; value emerging.
🏠 Property
- Equites, Growthpoint, Fairvest, Hyprop, Resilient – 6–8% yields, but NAV discounts vary.
🎰 Leisure & Retail
- Sun International (10%) – betting becoming core growth area 🎲
- Mr Price* (4%) – comeback potential.
- Woolies (2.5%) – still struggling with fashion 👗
- Shoprite* (2.7%) – premium, low yield.
💼 Asset Managers
- Old Mutual (9%), Coronation (8%), Sygnia – benefit from rising markets.
- Alexander Forbes – solid income play.
📡 Telcos & Others
- Telkom – undervalued, post-Swiftnet debt cut, potential MTN suitor 📶
- Grindrod – ports booming, Africa trade tailwinds 🌍
- Bitvest (4%) – cash generative, debt manageable, chart support at R200.
🧾 Key Takeaways
✅ Gold’s bull market still strong — no legs down yet.
✅ ASP Isotopes & Renegen merger heating up.
✅ Beware leverage — crypto is wild enough.
✅ Dividend stocks offering serious income on the JSE.
✅ Buffett Power Hour this Thursday — don’t miss it! 💼✨
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