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. All charts by KoyFin | Get 10% off your order