Nick Kunze from Bridge Fund Managers chose Aspen Pharmacare as his stock pick of the day and Chantal Marx from FNB Securities chose Shoprite. Kunze said that Aspen, which releases its results on September 3, is “a defensive play” in the current environment as it has been trading sideways for some time. “They are looking at fetching around R16bn for their milk business, which will help them pay off their debt which has been a concern recently for shareholders.” Marx said that South African constrained consumers spend about R53 of every R100 on food, and Shoprite is one of the stocks that will benefit from consumers trading down in terms of where they buy their groceries. “Apart from that, they are still gaining market share, particularly from the informal space and there is a turnaround story playing out in the rest of Africa as well.”
OR LISTEN TO THE FULL SHOW HERE:..
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.