BizNews Briefing: David Shapiro - U.S. economy still dominant, SA small-caps poised for growth

In this interview, stockbroker David Shapiro reflects on his recent trip to the U.S., discussing the country's strong economic performance, despite political tensions and the upcoming elections. He emphasizes the importance of the U.S. economy, especially for South Africa, highlighting its dynamic nature and the dominance of tech giants like ASML. Shapiro also discusses the impact of AI on the market, expressing confidence in long-term investments despite short-term setbacks. Shifting to South Africa, he advocates for investing in small and mid-cap companies, noting the potential for growth in well-run businesses, despite liquidity challenges and broader economic struggles.