WATCH: Stock pick — FirstRand

Makwe Masilela from Makwe Fund Managers chose FirstRand as his stock pick of the day.

“FirstRand, yes as much as their PE [price-earnings ratio] is higher than that of the index, their dividend yield is better. The economy is doing better than we expected and we’ve also seen that when it comes to the collection rate. We’ve seen that the areas have been awakening.”