Mondi Kraft paper production. Picture: SUPPLIED
Mondi Kraft paper production. Picture: SUPPLIED

Warren Jeffery from Nedbank Private Wealth chose Mondi as his stock pick of the day.

“My stock pick of the day is Mondi. It’s a global trader with a strong dividend yield of almost 4%. It is also trading on a PE (price-earnings ratio) of about 10 times. Its global diversification comes from that income stream, which used to be quite a cyclical business but is becoming more and more non-cyclical.”

Warren Jeffery from Nedbank Private Wealth talks to Business Day TV about his stock pick of the day

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