Disruptors vs disrupted – David Shapiro looks at forces driving the winners and losers

Facing backlash is nothing new for the outspoken market analyst David Shapiro and again there is no holds barred when he questions the competence of management in a discussion with Alec Hogg in the latest Biznews Rational Radio webinar. Shapiro admits it's been tough for SA Inc, but questions how much of an impact should really be ascribed to the Covid-19 lockdown on some share performances and how much of the blame actually falls on management. He stands in awe of the runaway performance of tech-driven companies like Zoom, Tesla, SA's Prosus and Naspers and surprisingly the miners, which are not really reflective of what's happening in the economy. – Stanley Karombo

Well, here we are with the Biznews Rational Radio lunchtime webinar on a Monday as always only, for the Biznews Premium subscribers or the Biznews Premium community. Dave Shapiro is with me, maybe we should start at the lockdown. Half the markets, if anything, reacted to it, now that we have some detail about what's going to happen to the South African economy. We know how much damage, or we understand a lot of damage has been done in the eight weeks that we've had a lockdown. But with the improvement now, or opening up of the economy, have investors got more optimistic?

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