30 October 2019 1 Min Read
Stock Watch
WATCH: Stock picks — the dollar and Datatec
Deryck Janse van Rensburg from Anchor Securities and Rowan Williams from Nitrogen Fund Managers talk to Business Day TV
in Markets by Business Day TV
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Deryck Janse van Rensburg from Anchor Securities chose dollar cash as his stock pick of the day and Rowan Williams from Nitrogen Fund Managers chose Datatec.
Janse Van Rensburg said: “I’m using the strong rand to buy dollars, I do think that the US markets are quite elevated, but I’m going to be patient.”
Williams said: “Datatec, and it’s a little bit speaking to what Deryck is saying. It’s a rand hedge and is exposed to a number of emerging markets, so dollar-based earnings and really a turn-a-round story.”
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