Ian Cruickshanks from the SA Institute of Race Relations chose cash as his stock pick of the day. “It is a deliberate decision, it’s not a decision to close up and go away, it’s to say there is going to be a time, SA has got huge potential, we still have massive reserves in the commodities sector. Yes, the price in getting at them changes a lot every month, but really the potential is massive. The market for consumer goods is massive and so that is why I think it is a definite decision to accumulate cash — it’s not like we’re saying we are not going to bother with the market anymore.”

Or listen to the full audio:..

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 exclusive Financial Times articles, 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