We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Wayne McCurrie from Ashburton Investments chose Standard Bank as his stock pick of the day, while Bright Khumalo from Vestact favours Aspen. McCurrie said that lower inflation and “Ramaphoria” remained on the up, with another interest rate cut possible, making Standard Bank a good bet. “These banks can grow advances to 10% or 11% and in that scenario, with very low bad debts (thanks to the lower interest rates), means that they can grow their earnings growth with up to 15% per annum and at those PEs [price-earnings rations[ it’s a good value for money investment,” he said. Khumalo said he liked the current price levels of Aspen as the company had not been at those levels in a long time and would probably remain there for a while because of the strong rand. “Most of the earnings income will come from outside of SA as the company has indicated that they have sent salespeople to China,” he said. OR LISTEN TO THE FULL SHOW: Listen to all latest podcasts here.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now

Would you like to comment on this article?
Register (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.

Commenting is subject to our house rules.