Sekgabo Molelekoa from Umthombo Wealth chose Combined Motor Holdings (CMH) as her stock pick of the day and Gary Booysen from Rand Swiss chose MSCI World index tracker.
Molelekoa said: “I choose CMH and we’ve seen it being very defensive, even in the way their vehicle results were falling. They are highly cash-generative, with around R514m on a market cap of around R1.6bn. Also, when you compare them to peers, they are SA centric so they are geared towards an economic upturn.”..
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