UK and Local Inflation:

• UK inflation surprises at 3.2%, lowest in over two years.
• US Fed unlikely to cut rates soon, waiting for FOMC meetings.
• South Africa's CPI data for March at 5.3%, showing a positive trend.
• Potential for SA rate cuts, depending on US decisions.

[caption id="attachment_41866" align="aligncenter" width="849"] SA Inflation 5.3% for March 2024[/caption]

China and Commodities: * China's GDP surpasses expectations at 5.3%, amid concerns over Fitch downgrade. * Export data reflects overstocking, driving prices down. * Despite challenges, China's market appears interesting.

[caption id="attachment_41867" align="aligncenter" width="849"] Chinese GDP YearONYear per quarter[/caption]

PGMs, oil, gold, and other commodities. * Gold remains strong, targeting $2500. * Recent attack on Israel by Iran affects oil prices.

WeBuyCars listing and potential market impact. Transaction Capital analysis and investor considerations. Purple Capital* Results: * Purple Capital swings back to profit, surprising the market. * Key financial highlights and insights into EasyEquities performance. * Exploration of new products and their impact on revenue. * Analysis of client cohort growth and its implications. * Positive outlook on Purple Capital's performance. * Expectations of potential price pullback.

Simon Brown

• I hold ungeared positions.