David Shapiro: Praising Naspers, blasting Sasol, Old Mutual, Aspen
South Africa's favourite market commentator, Sasfin Securities deputy chairman David Shapiro, was at his best in this week's episode of Rational Radio. He is forthright in his appreciation for the role that Naspers has played in bolstering SA retirement portfolios (his own included) and delighted to see the strong debut of its offshoot Prosus on Amsterdam's Euronext market. But not that enamoured with the collapsing share prices of Sasol, Aspen and Old Mutual β all of whose misery appears to have been self-induced. β Alec Hogg
David Shapiro joins us now. Well David we just had a really good chat with Kokkie Kooiman giving us some pretty nice tips of stocks to buy in Europe. He reckons the Swedish banks that are yielding 6 nearly 7 percent dividend yields. He then went on to some UK banks and insurance companies which he says are at 20 to 30 year lows in rating terms. It's almost like when you look at the JSE it's hard to spot a winner in a difficult economy. Maybe we should be educating ourselves about what's going on over there.
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