"This reminds me of the 70s" - David Shapiro on the chaos unravelling in South Africa

Loading player...
South Africa's favourite market commentator and Monday's regular co-host David Shapiro talks about the chaos unravelling throughout parts of the country. No matter which way you slice it, the scenes are horrific and reminds David of the 70s. David unpacks the factors at play, including the high unemployment rate which has been aggravated as a result of the coronavirus pandemic. One can understand the anger and frustrating felt by many across the country, however, acts of violence and looting seen today cannot be tolerated. Surprisingly, the JSE All Share Index ended the day up more than 1%, mainly as a result of the rand-hedge heavyweights. Learn more about your ad choices. Visit megaphone.fm/adchoices
12 Jul 2021 7AM English South Africa Investing · Business News

Other recent episodes

SA's Competition Commission has become a handbrake on the economy: Rob Rose

Bryan Brownrigg was never a currency trader. He sold foreign exchange to Standard Bank's institutional clients for 23 years. But when the Competition Commission decided that 28 banks had run a single conspiracy to rig the rand, his name went into the complaint anyway, and it took a decade and…
11 Sep 7AM 20 min

He built a $1.5bn bank. Now Revolut, Discovery Bank and PEP are circling

In this interview with Irakli Rekhviashvili, Tyme Group co-founder Coenraad Jonker gives his take on what actually protects a digital bank once the competition catches up, and why he thinks the old rules of banking no longer apply. On competitive advantage, he says: "I'm saying to my guys increasingly, I…
11 Sep 7AM 50 min