David Shapiro: Worst over for stocks, rand? More investors look to get into market - not out!
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In this podcast, long-time buddies and radio show hosts David Shapiro and Alec Hogg discuss the state of the South African stock market and the value of the rand. Shares and the currency have taken a pounding amid coronavirus panic, but stockbroker Shapiro reckons the worst might be over. That is good news for South Africans digesting the news at the end of March that it now takes about R22 to buy one British pound, just under R20 for one euro and more than R17 for one greenback. In fact, instead of running from markets, more investors appear to be looking for opportunities to buy stocks, Shapiro tells BizNews founder Hogg. - Jackie Cameron
