Kyle Burgess from Nedbank Private Wealth chose Remgro as his stock pick of the day. He said that Remgro would give investors good exposure to Mediclinic, which has pulled back and makes up 18% of net asset value (NAV). “It’s biggest holdings through First Rand and RMI also gives you nice exposure to the South African banking sector, which is very attractive at current levels.… RMI gives you a fair amount of access to SA Inc stock, with a smattering of offshore earnings through Mediclinic. This is a good time to be picking up some of the stocks — currently trading at the same value around four to five years ago.”
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.