Market Analysis
WATCH: Stock pick — Bidvest, a stalwart for volatile times
Robert Towell of Sasfin Securities tells Business Day TV he likes to look local when the waters are choppy
04 May 2018 - 08:55
Robert Towell of Sasfin Securities chose Bidvest as his stock pick of the day. When the markets are as volatile as they have been in the past couple of days — with falls of as much as 6% — one should look locally, he says. Bidvest is a company that has been controlling costs well, with very good management. The company is, however, big enough to be able to push price increases through if they have to. OR LISTEN TO THE AUDIO: Listen to all latest podcasts here.
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