WATCH: Stock pick — long rand and short dollar
Viv Govender from Rand Swiss Offshore advises investors to go long rand and short dollar as his stock option for this week.
“Long the rand, short the dollar. I think we’ve gone way beyond it, the last price I checked it was about R14.74/$, and I think that’s just beyond where the market really should be and, of course, the cabinet selection will have an effect on the dollar-rand exchange.”
Viv Govender from Rand Swiss Offshore talks to Business Day TV about his stock pick of the day
Or listen to the full audio: