David Shapiro: Ninety One's awful timing - asset management horse has bolted

In the latest episode of Rational Radio, SA's favourite market commentator David Shapiro wonders whether the horse has bolted from the Investec Asset Management stable - questioning the poor timing of the renamed Ninety One's split from its mother ship. He is also unconvinced that SA's listed property stocks offer value, urging caution to bargain hunters, and explains why JSE-listed Ecsponent, whose share price has collapsed 80% in the past year, may well get away with reneging on R188m in preference share debt. - Alec Hogg