David Shapiro from Sasfin Securities chose the rand-dollar exchange rate as his stock pick of the day, while Wayne McCurrie from Ashburton Investments chose AB Inbev. Shapiro said a stronger rand was not all good news as our exporters were hurting, particularly the manufacturers. He said a comfortable level for the rand would be R12.50/$-R13/$. McCurrie said AB Inbev was a fundamentally good company, which appeared to be doing better after the SAB integration. He also warned that investors should not be fooled by the rand’s strength as “it remains a structurally weak currency”. OR LISTEN TO THE FULL SHOW:
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.