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South Africa chased its greatest business giants away | SA News

Malcolm Libera
 ·12 Jan 2026

Veteran investor David Shapiro believes South Africa has lost the kind of business titans who once helped shape the country’s economy, and argues that today’s corporate leaders are far more focused on survival than aggressive growth. 

David Shapiro is a renowned stockbroker with over 50 years of experience on the Johannesburg Stock Exchange (JSE).

He managed a unit trust, the Twenty Ten Fund, which won three Raging Bull awards between 2012 and 2014 for its performance.

He has successfully navigated various market cycles,…

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