Picture: ISTOCK
Picture: ISTOCK
Image: Stocks

Nick Kunze from Sanlam Private Wealth chose KAP Industrial Holdings as his stock pick of the day and Joseph Busha from JM Busha Investments chose cash.

Kunze said: “Kap Industrial is very much a SA Inc play, we like the fact that that Steinhoff is no longer involved with a 26% holding and they don’t even have a representation in the board anymore. The stock is trading at low blows in the teen price-earnings ratios and, if we managed to get through the elections quite smoothly, I think this is one of the ones that will pick up,”

Busha  said: “Cash is king at the moment, the rand has been quite volatile and is now trading at around R14.50 to the dollar. So there’s too much volatility and uncertainty in terms of SA. We hope Eskom has sorted out the electricity, we also hope that the oil price will stabilise between $65 and $70 a barrel so that there is no upward pressure.”

Nick Kunze from Sanlam Private Wealth and Joseph Busha from JM Busha Investments talk to Business Day TV

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