Market Analysis
WATCH: Stock Pick — cash
Viv Govender from Rand Swiss Offshore chose cash as his stock pick of the day
03 May 2019 - 14:06
Viv Govender from Rand Swiss Offshore chose cash as his stock pick of the day. “I'm going to be a coward this week and I'm going for cash. The reason being is the election next week, trading volumes are very low at the moment and I don't see opportunity, and going offshore at around R14.56 at the moment doesn't really make sense. “So I would say rather hold onto your cash: if we do see the currency strengthen to below or better than 14, maybe then look at going offshore,” Govender says.
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