Craig Pheiffer from Absa chose Anglo American as his stock pick of the day. He said that since the “dark days” of 2015-16 the company had managed to improve its operational efficiencies and had removed a lot of unnecessary costs from the business, although the company had not re-invented itself. “Anglo looks cheap in comparison to its global peers trading at a PE [price-earnings ratio] of less than 10, dividends being restored and sitting at just under R300. It’s a good buy,” said Pheiffer. OR LISTEN TO THE FULL SHOW: Listen to all latest podcasts here.
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