Nick Crail from Ashburton Investments chose Raubex as his stock pick of the day and Graeme Körner from Körner Perspective chose Absa. Crail said that Raubex is a leader in roads and is quite diversified. “With President [Cyril] Ramaphosa promising the reallocation of capital towards Sanral [South African National Roads Agency Limited] contracts, Raubex will certainly benefit.” Körner said Absa is sitting on a price-earnings ratio of eight. “Absa has a good franchise in SA and the rest of Africa and although it has a lot of leg work to do to carve out its future, a 7% dividend yield is a very forgiving thing.”

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