WATCH: Stock picks — rand-dollar and AB Inbev
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”.
David Shapiro from Sasfin Securities talks to Business Day TV about the rand, while Wayne McCurrie from Ashburton Investments discusses AB Inbev
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