Nick Kunze from Sanlam Private Wealth chose Investec as his stock pick of the day and Drikus Combrinck from Capicraft chose Burford Capital.
Kunze said: “We think the valuations are far closer to around R120 per share and it’s currently sitting under R100. We think it has been far too discounted relative to its peer group and with their asset management spin-off coming pretty soon it should unlock even more value.”..
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