Chantal Marx from FNB Securities chose KAP Industrial Holdings as her stock pick of the day. She says the share has been under a lot of pressure as it is technically part of the Steinhoff stable. Steinhoff has a stake in KAP, but not a majority stake, just a couple of shared services, and Steinhoff management has nothing to do with KAP, she says. KAP Industrial Holdings is a South African manufacturing company, which is well diversified across chemicals, woodwork and a variety of other assets. She says the share is attractive at current levels. Joseph Busha from JM Busha chose Investec Plc, a well-run business that has a good presence in the UK. The company recently did a deal that will allow it to start lending money online into small businesses. The company is keeping up with Discovery, says Busha, as it will start offering insurance.
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