Jean-Pierre Verster on Fed Jay Powell, Hospitality, Property and Tencent

With David Shapiro travelling back to local shores, hedge fund guru Jean-Pierre Verster took the reins as Monday's BizNews Power Hour co-host. Discussion centred around US Federal Reserve's speech at the Jackson Hole Summit on Friday, as well as focusing on hospitality and property sectors as investment propositions. Jean-Pierre said that whilst the consequences of the extremely accommodative monetary policy actions of Jerome Powell could be dire, the markets seem to have enjoyed his dovish stance. Jean-Pierre outlined that out of the big three Chinese tech giants - Tencent, Alibaba and JD.cot - his preference lies with Tencent, which would make a lot of South African investors sleep a lot easier this evening. Learn more about your ad choices. Visit megaphone.fm/adchoices