{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Is there value in Shoprite at all-time highs?","description":" Shoprite is trading at all-time highs and has still de-rated 23% in two years. Simon Brown works through the FY26 numbers \u2014 7% revenue growth, a 6% trading margin, HEPS up 12.2% and internal selling price inflation of just 0.8% against national food inflation of 3.9% \u2014 and asks whether a business generating a 19.8% return on invested capital against an 11.5% cost of capital is still offering value at 314c. Sixty60 gets the closest look: R25.5bn of sales, 11.1% of South African supermarket sales, and a super app strategy reaching into coffee, cellular, pets, pharmacy and financial services. Before that, the US 10-year above 5%, a Fed credibility problem ahead of Wednesday's FOMC, and a fuel under-recovery large enough to put a local hike back on the table. Topics: FOMC, US 10-year yields, SA MPC, fuel price, inflation, Shoprite, Sixty60, Checkers, Boxer, Pick n Pay, SPAR, Woolworths, Nedbank, Absa, Clicks, Naspers. Worldwide Markets is part of JustOneLap.com. Sign up for our newsletter. ","author_name":"WorldWide Markets with Simon Brown","author_url":"http:\/\/www.justonelap.com","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/42910397\/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>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/item\/42910397"}