On Rational Radio this week, SA’s favourite market commentator shares his call on Naspers’s Dutch listing and finds us another company on the Amsterdam Exchange that he has bought into. Shapiro also assesses Brian Joffe’s proposed R500m investment into Edcon – reckoning that the veteran entrepreneur was done a huge favour by not being allowed to invest. And offers some upbeat perspectives on the investment by Joffe’s Long4Life in the SA footwear startup Veldskoen. – Alec Hogg
In his regular Rational Radio slot, freshly returned from New York, David Shapiro shares what he learnt during a few weeks in the Big Apple. Primarily a reinforcement of his view that tech companies, including profitable big tech groups, are the best place to invest one’s money right now.
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He offered his views on what Naspers shareholders should do about the decisions they face with the group’s new Prosus listing in Amsterdam, and spontaneously shared the name of a Dutch-listed tech company, ASML Holding, which reminds him of the Israeli business Iscar that Berkshire Hathaway has done so well out of after investing a decade back.
Shapiro also shared his views on his good friend Brian Joffe’s latest news-making – the proposed R500m investment in Edcon and, through Long4Life, a far smaller purchase in mushrooming Cape Town business Veldskoen.
All round another fascinating discourse between two old pals – with some very useful investment information to be gleaned. Have a listen to the full interview.
