1 rich Libsyn https://www.libsyn.com 90 600 Boxer earns slightly more per rand of sales than Shoprite, yet the maths says it will never catch the bigger grocer. Simon Brown compares the two side by side on margins, store economics, growth and valuation, and explains why Pick n Pay's stake in Boxer remains an overhang. He also unpacks why France's 10-year yield has doubled since January 2025 and how higher yields feed a negative debt loop. The trade of the week is Amazon, funded by half of a Dell position that has more than quadrupled. Topics: French 10-year yields, debt feedback loops, actively managed ETFs, Boxer vs Shoprite, Pick n Pay overhang, Amazon robotics, Dell. WorldWideMarkets is powered by Standard Bank Global Markets Retail and Shyft. WorldWideMarkets is part of JustOneLap.com. Subscribe to our free weekly newsletter WorldWide Markets with Simon Brown http://www.justonelap.com <iframe title="Libsyn Player" style="border: none" src="//html5-player.libsyn.com/embed/episode/id/43370224/height/90/theme/custom/thumbnail/yes/direction/forward/render-playlist/no/custom-color/439341/" height="90" width="600" scrolling="no" allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen></iframe> https://assets.libsyn.com/secure/item/43370224