Pick n Pay update...

Pick n Pay's collaboration with FNB, launched in November 2024, has made an incredible start as the retail group started noticing the increase in FNB cardholders shopping more at Pick and Pay. This collaboration's main objective was to position Pick n Pay as FNB's primary retail partner for their FNB eBucks program and as early as it is, it seems to already be doing incredibly well. What initially started as a benefit for FNB cardholders could potentially become open to Pick n Pay's wider customer base. According to FNB, private banking clients who have opted into the eBucks program have increased their spending. A significantly noticeable amount of these clients are those who used to spend less than a quarter of their money at Pick n Pay and are now doing their entire grocery shopping at the retail giant. The benefits for FNB clients have been announced to increase as of 1 April 2025. One of the objectives is to ensure that all of FNB's 6.4 million eBucks users get to benefit from this collaboration. The two companies are optimistic about the future, with FNB even planning to further integrate its services within the retail giant. This collaboration could finally be something to give Pick n Pay a relief amid its recent operational and profitability issues as the partnership is giving Pick n Pay access to a wider customer base through the eBucks program. Cashbuild to acquire 60% of AllBuildco for R93 million

Cashbuild has confirmed its intention to acquire 60% of AllBuildco with the objective of solidifying its position in the hardware and building material market. This acquisition is intended to enhance Cashbuild's reach, targeting previously underserved customers across all living standards measure in South Africa. Allbuildco will manage operations and assets of three hardware and building material stores under the Amper Alles brand through its wholly-owned subsidiary. According to Cashbuild, this acquisition aligns perfectly with the company strategy of positioning it as a market leader and of expanding its operations. Cashbuild is considering funding the whole transaction using its own cash reserves and banking facilities. The transaction includes the potential to increase the holding by an additional 10% to 40% over the next 5 years. Thus far, AllBuildco has reported a net profit after tax of R12.8 million and a net asset value of R112.2 million. COINZ NEWZ

Gold Analysis - Weekly Chart

Ladies and gentlemen, as said in last week's post "My own opinion on this is that, in terms of simple price action, Gold is drawing back until at least the previous low level of $3,040.00 to retest and then continue going up", Gold has indeed respected the $3,040.00 price level and then went up again. This week the bulls are back in the lead. Let's scale down to lower timeframes. Daily Chart

Bulls have been at the driving wheel of the market since Tuesday. Gold is going up in prices and I am expecting them to go past the $3,125.280 level, draw back to the same level and then continue going up. However, there is a chance of the opposite happening. Remember, my perspective is that of a long-term trader hence I use high timeframes. That's all for this week! Thank you for reading and please subscribe, like, comment and share.